131228121253PT. Newmont Nusa Tenggara

Newmont Investor Day
December 6, 2017
Safety briefing
New York Stock Exchange Floor 7 – emergency exits
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December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 2

Cautionary statement
This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other
applicable laws. Forward-looking statements often address our expected future business and financial performance and financial condition, and
often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," “estimate,” “future,” “forecast,” “outlook,”
“guidance,” “potential,” “possible”, "target," “preliminary,” or “range”. Such forward-looking statements may include, without limitation: (i) estimates
of future production and sales; (ii) estimates of future costs applicable to sales and All-in sustaining costs; (iii) estimates of future capital
expenditures, development capital and sustaining capital; (iv) estimates of future cost reductions, value improvements, and efficiencies, including,
without limitation, in connection with full potential and innovation; (v) expectations regarding the development, growth, profitability, and potential of
the Company’s operations, projects and investments, including, without limitation, profitability, returns, IRR, schedule, decision dates, mine life,
commercial production, first production, development capital, average production, average CAS and AISC, upside potential, other outlook and
future approvals; (vi) expectations regarding future free cash flow generation, future cash flow profile, liquidity and balance sheet strength; (vii)
estimates of future closure costs and liabilities; (viii) expectations of future dividends and returns to shareholders; and (ix) expectations regarding
future investments and transactions. 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 operations and 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; (vii) the accuracy of our current mineral reserve and mineralized material estimates; and (viii) other
assumptions noted herein. Potential additional risks include other political, regulatory or legal challenges and community and labor issues. 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”. Other risks relating to forward
looking statements in regard to the Company’s business and future performance may 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 2016 Annual Report on Form 10-K, filed on
February 21, 2017, with the Securities and Exchange Commission (SEC) 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 presentation, 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. Investors are reminded to refer to the Endnotes at
the back of this presentation and that historical safety performance, reserve statistics and financial results (including AISC and production figures)
referenced herein exclude results from the Company’s former Batu Hijau operation, which was divested by the Company in 2016. Investor Day
attendees participating in the Technology Gallery Walk or viewing the related Technical Services videos are reminded that this cautionary and the
endnotes to this slide presentation should be referenced in connection with the gallery walk and videos.

Gary Goldberg
President and Chief Executive Officer
Agenda
Business outlook Technical outlook Operational outlook

8:30am – 9:30am 9:30am – 10:15am 10:15am – 12:30pm
Welcome and safety share Technical fundamentals Operational outlook
• Gary Goldberg • Scott Lawson • Tom Palmer
Newmont outlook Technology gallery walk • Andrew Woodley
• Gary Goldberg • Grigore Simon • Alwyn Pretorius
Market outlook • Marcelo Godoy • Alex Bates
• Randy Engel • Lauren Hafla • Dean Gehring
Financial outlook • Mike Wundenberg Q&A
• Nancy Buese Exploration outlook
Q&A • Grigore Simon
Q&A and closing remarks
• Gary Goldberg

Proven strategy for long-term value creation
Improve Deliver
underlying business
superior operational execution
Strengthen Sustain
the portfolio global portfolio of long-life assets
Create value Lead sector

for shareholders in profitability and responsibility

Leading performance relies on operational execution
Total injury rates down 53% All-in sustaining costs1 down 22%
$909
0.38
2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017
YTD * YTD *
Top sustainability performance in mining sector for three consecutive years
* YTD figures used in this presentation are nine months ended September 30, 2017

Global portfolio of long-life assets
Operations and sustaining projects Improvements since 2012
Current projects
3 new lower cost mines
Mid-term projects
Long-term projects 9 profitable expansions
Average project IRR >20%
$2.8B in non-core asset sales
North America
Carlin Improved value and risk profile
− Northwest Exodus
− Greater Leeville
− Pete Bajo exp.
Twin Creeks
− Twin UG
Phoenix
Long Canyon
− Long Canyon Phase 2 Africa
CC&V Ahafo
− Mill exp Australia
South America − Subika UG Boddington
Merian − Awonsu Kalgoorlie
− Sabajo − Ahafo UG − Morrison
Yanacocha Akyem Tanami
− Quecher Main − Akyem UG − Tanami Power
− Yanacocha Sulfides Ahafo North − Tanami Expansion 2
2018E gold North America South America Africa Australia

production* 41% 12% 16% 31%
* Estimated attributable gold production; see Endnote 2

Leading project pipeline and track record
Greenfields
Conceptual/
Scoping
Prefeasibility/
Colombia
Feasibility
Definitive
Long Canyon Ph 2 Feasibility
Yukon Execution
Yanacocha Sulfides
Pete Bajo Expansion Morrison
Eastern Great Basin
Awonsu
Northwest Exodus
Greater Leeville
Tanami power
Andes
Ahafo North
Subika Underground
Sabajo
Guiana Shield
Tanami Expansion 2
Ahafo Mill Expansion
Ahafo Underground
Ethiopia
Twin Underground
Akyem Underground
Australia
Quecher Main
~10 years Current
Long-term projects Mid-term projects Sustaining projects Current projects

(>3 years; not in outlook) (<3 years; not in outlook) (in outlook) (in outlook)
Stability extends beyond five year outlook
Projected production profile (Moz)*
Industry-leading long-term pipeline
6.0
Divested Current Mid-term Prefeasibility
projects projects projects **
5.0
4.0
3.0
Existing assets and sustaining projects
2.0
1.0 3
FCF/share up $3.60 since 2012
-
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
* Estimated attributable gold production; see Endnote 2
** Prefeasibility projects include Yanacocha Sulfides and Tanami Expansion 2

Superior Reserves and returns
128oz 12yrs 72% 1.20g/t
Reserves per Kshare Operating Reserves Reserves based in Reserve grade

vs gold sector vs gold sector US, Australia, vs 2016 mined grade
average of 77oz/Kshares* average of 9.9 yrs** Canada and Western of 1.15 g/tonne
vs gold sector
Europe vs gold sector
average of 77Koz
average of 29%*
Top quartile Total Shareholder Returns delivered since 2014

* Competitor average includes Agnico Eagle, AngloGold, Barrick, Gold Fields, Goldcorp, Kinross, Newcrest, Randgold and Yamana and is Reserve weighted as of 12/21/2016
12/31/2016
** Sourced from RBC Capital research report – competitor average includes Agnico Eagle, Barrick, Goldcorp and Kinross
* Competitor average includes Agnico Eagle, AngloGold, Barrick, Gold Fields, Goldcorp, Kinross, Newcrest, Randgold and Yamana; Reserves weighted as of 12/31/2016; see Endnote 5
*** Need footnote
** Sourced from RBC Capital research report – competitor average includes Agnico Eagle, Barrick, Goldcorp and Kinross

Costs improve on productivity and portfolio gains
Gold all-in sustaining cost outlook ($/oz)*
$1,099
$996 $1,025
$933 $912 –
$950 $970 $970 $970 $970
965 – – – –
–
900 870 870 870 870
2013A 2014A 2015A 2016A 2017E 2018E 2019E 2020E – 2022E

2020E 2021E Average
2022E
* Consolidated all-in sustaining cost; see Endnotes 1 and 2

Mine and mill improvements boost production
Attributable gold production outlook (Moz)
5.4 5.4 5.4

5.0 –
4.9 – – 5.1 5.1 5.1
4.7 4.6 5.0 4.9 4.9 – – –
4.6 4.6 4.6
2013A 2014A 2015A 2016A 2017E 2018E 2019E 2020E – 2022E

2020E 2021E Average
2022E

Capital discipline maintained
Total capital outlook ($M)
Development capex added with project approval
$1,615
Development capital
Sustaining capital
$1,337
$1,068
$1,015 $1,000
$990 –
– 900
890 $830
–
730 $680 $680 $680
– – –
580 580 580
2013A 2014A 2015A 2016A 2017E 2018E 2019E 2020E – 2022E

2020E 2021EAverage
2022E

Leading in profitability and responsibility
Safe, stable and profitable gold production over longer horizon

Superior
operational Continuous cost and productivity improvement through Full Potential
execution
Leading talent and robust and diverse leadership pipeline
Ongoing margin growth across four anchor regions

Global portfolio
of long-life Leading project pipeline and execution record
assets
Differentiated Reserve value and risk profile
Capital discipline across all investments and cycles

Leading in
profitability and Superior balance sheet and dividends
responsibility
Leading environmental, social and governance performance
Tanami ore (Auron)

Randy Engel
Executive Vice President, Strategic Development
Global presence conveys competitive advantage
• Global footprint in stable jurisdictions
• Financial flexibility to invest in most promising growth options
• Technical expertise to develop profitable operations in broad range of gold districts
• Superior environmental, social and governance performance underpins license to operate
Carlin

Improved portfolio mine life, costs and risk profile
Divested Reinvested
PTNNT, Midas,
Merian, Long
Assets Jundee, Penmont,
Canyon, CC&V
Waihi
Costs1 $800 – $900/oz Below $700/oz AISC down >$100/oz
Production 630Koz/year ~800Koz/year
Mine life < 5 years > 10 years Mine life doubled
Higher technical Lower technical

Risk
and social risk and social risk
*Production and cost data represent expected weighted average calculation based on 5-year outlook estimates.

Global dynamics affecting the market
• Geopolitical conflict – impacting economies, security and migration patterns
• New paradigm for investors – greater accountability; sharper focus on long-term value creation
• Demographic shifts – continued urbanization and wealth trends in Asia
• Technology transformation – more change predicted in the next 10 years than the last 100*
• Resource competition – by 2030, demand rises for food (+35%), water (+40%), energy (+50%)**
* Source: National Intelligence Council

** Fortune 500 company consensus

Disciplined approach to growth
Priorities:
• Grow margins, Reserves & Resources through coordinated exploration, projects, transactions
• Leverage strong balance sheet and stable cash flow profile through 2024
• Set stage for longer-term growth for 2025 and beyond
Integrated approach
Higher
Exploration
JV
Brownfields Greenfields
Acquire early Exploration Exploration
RISK
Acquire late stage project

Acquire cash stage project Invest in prospective
flowing asset NEM early exploration ventures
NEM late stage project
Expand stage project
Lower
current ops
Short-term HORIZON Long-term

Advancing exploration agreements in key districts
• Plateau (Canadian Yukon) – 2,973m of diamond drilling, stake enlarged to 662km2 in 2017
• Continental (Colombia) – refining project approach, resource confidence and exploration upside
• Esperance (French Guiana) – exploring promising mineralized trend and extending license
• Katterfeld (Chile) – recent investment in new prospective area
Airborne geophysical surveying at Plateau

Nancy Buese
Executive Vice President and Chief Financial Officer
Balance sheet among the best in the gold sector
Growing margins, Reserves and Resources
• ~$6.7B invested into profitable growth*
Net debt to adjusted EBITDA of 0.4x
• $2.8B of gross debt repaid*
Maintaining investment grade balance sheet
• Liquidity of $5.9B as of Q3 2017
Returning cash to shareholders
Net debt ($B)

$4.8
$3.8 $3.5
$1.9
$1.1
2013 2014 2015 2016 Q3 2017 Ahafo gold pour

* January 1, 2013 through September 30, 2017

Investing in profitable projects across the cycle
Project Mine life (yrs) Cost (AISC/oz) Production (Koz/yr) Capital ($M) IRR (%)
Merian (75%) 15 $650 – $750 300 – 375 ~$525 >25%
Long Canyon Phase 1 8 $500 – $600 100 – 150 ~$225 >25%
Tanami expansion +3 $700 – $750 ~ 80 ~$120 >35%
Northwest Exodus +7 ~$25 lower 50 – 75 $50 – $70 >30%
Ahafo Mill expansion reduced by 75 – 100 $140 – $180 >20%
Subika Underground 11 $250 – $350** 150 – 200 $160 – $200 >20%
Twin Underground 13* $650 – $750 30 – 40 $45 – $55 ~20%
Quecher Main*** 8 $900 – $1,000 ~200 $250 – $300 >10%
Merian attributable; AISC/oz & Koz/year represent first 5-year project averages except for Long Canyon (LOM average), Quecher Main (see *** below)
* Represents processing life for Twin Underground
** Average annual improvement to Ahafo compared to 2016 Ghana
*** Production represents Yanacocha (100%) from 2020-2025; AISC represents incremental unit costs 2020-2025

Continuing to exercise capital discipline
Rigorous risk management approach aligns decision making
• Anticipate and manage sociopolitical, governance, execution and cyber risk
• Regional hurdle rates based upon proprietary country risk model
All investments subject to independent valuation process
• Assess technical, economic and sociopolitical risk
• Post investment reviews conducted, lessons applied to future investments
Boddington

Conservative plan with upside leverage
2018 CAS breakdown Royalties & Conservative and robust planning process
other 5%
• Plans built-up from $800/oz case to
maximize value, optionality
Diesel 9%
Potential upside includes:
Power 9% Labor &
services • Further cost and efficiency improvements
45%
• FX and oil tailwinds
Materials
32%
Attributable FCF
Annualized 2018 sensitivities 2018 Price Change FCF ($M)
($M)
Gold ($/oz) $1,200 +$100 +$360 +$335
Copper ($/lb) $2.50 +$0.25 +$20 +$20
Australian Dollar $0.75 -$0.05 +$45 +$45
Oil ($/bbl) $55 -$10 +$30 +$25

All other variables held constant (i.e. FCF for flexed gold price does not include changes to Cu price, AUD or WTI); economics assume 35% portfolio tax rate; excludes hedges;
CAS pie chart excludes inventory changes. See Endnote 2

Lower interest expense, higher investments in future
Guidance metric 2017E2 2018E2
G&A ($M) 215 – 240 215 – 240
Interest Expense ($M) 210 – 250 175 – 215
DD&A ($M) 1,225 – 1,325 1,225 – 1,325
Exploration & Advanced Projects ($M) 325 – 375 350 – 400
Sustaining Capital ($M) 575 – 675 600 – 700
Tax Rate ($M) 28% – 34% 28% – 34%
Quecher Main

Responsible, sustainable value creation
Forging early,
mutually Reducing energy Concurrent reclamation plans
Mine closure
beneficial emission integrated into annual and long-
planning
relationships intensity term mine plans
Exploration Development Construction Production Closure Post-Closure
Ongoing social and

environmental impact
assessments
Values based company committed to transparency

Financial strength paves way for value creation
Committed to investment grade balance sheet
Net debt to adjusted EBITDA*
Manageable debt maturities 1.0x
• Next tranche of $626M due in October 2019
• Weighted average cost of debt ~5% 0.4x
Focused on sustainable returns
• ~$2.5B of free cash flow generated since 2013

Free cash flow yield (%)*
• ROCE* more than doubled to 8.6% since 2013
6.9%
3.1%
* Figures represent trailing twelve months from September 30, 2017. Newmont Competitor Average**
**Competitor Average includes Agnico Eagle, AngloGold, Barrick, Gold Fields, Goldcorp,
Kinross, Newcrest, Randgold and Yamana and is enterprise value weighted as of November
15, 2017. See Endnotes 3, 4 and 6

Dividend aligned to long-term value creation
Stable and sustainable dividend
Annualized dividend ($/share)
• Reflects stable long-term production
>50%
• Reiterates confidence in cash flow stability
• Removes gold price-link
Aligns with capital priorities

$0.30
• Incorporates ongoing investment in growth
$0.25
• Maintains investment grade balance sheet
2018 annual dividend expected to be at least

50% more than current dividend
$0.125
• Expected for Q4 2017 $0.10
• To be announced and payable in Q1 2018
• Subject to Board review with price fluctuations

2014
2015 2015
2016 2016
2017 Q3(annualized)
Q3 2017 2017 2018E
2018E
(annualized)
Reflects management’s current expectations; 2018 dividends have not yet been
declared by the Board; see Endnote 7

Questions?
Scott Lawson
Executive Vice President & Chief Technology Officer
Agenda

8:30am – 9:30am 9:30am – 10:15am 10:15am – 12:30pm
Welcome and safety share Technology outlook Operational outlook
• Gary Goldberg

Investing in technologies based on value and viability
Sensors Data analytics Advanced

B-Tag optimizes Centralized asset process control
productivity; fatigue health monitoring Reduces variability,
monitors boost safety improves reliability improves productivity
Automation Virtual reality

Remote operation Optimizes resource
improves safety, modeling and mine
efficiency, productivity design
Twin Creeks

Digital assessments guide fit-for-purpose approach
Autonomous Advanced Centralized Connected Advanced Smart Mine
fleet process control support worker analytics
Apply control Provide a Enable Leverage Provide insight Maximize use of

logic & AI to consistent site improved wearable & foresight production data
improve safety, framework to consistency, technology for through in real time to
accuracy, sustain process collaboration & safety and statistics, optimally mine
consistency & control decision-making operational machine and process ore
efficiency improvement through efficiency learning &
connected hubs reasoning
• OP automation • Advanced • Centralized • Safety • Predictive • Multi-source

• UG automation process control support • Time & analytics geological
database
• Infrastructure • Alarm • Centralized attendance • Prescriptive
management asset health analytics • Smart Models
• Mobile/in-field
• Loop tools • Cognitive • Automated
monitoring computing revenue-based
• Workforce
• Change planning & dig lines
Management optimization • Stochastic
mine planning
IT infrastructure and architecture

Data quality drives differentiation

Talent is key competitive advantage
Grigore Simon Marcelo Godoy Lauren Hafla Mike Wundenberg

Senior Vice President, Vice President, Resource Director, Group Executive,
Exploration Evaluation and Mine Metallurgical Services Asset Management,
Planning Business Improvement
Gallery walk spotlights differentiated talent and technology
• Technical Services team represents +2,000 years of experience, nearly half at Newmont
• Exploration leadership team represents 270 years of experience, nearly 70% at Newmont
• Leaders are recognized industry experts

Technology gallery walk
Mine Monitoring & Control
Overview
• People delivering globally consistent, fully integrated technology
solutions
Plan Do
• Structured, agile approach aligned with priorities of digital roadmap Act Check
• Value focused improvements in safety, reliability, efficiency &

performance
Achievements to date
• Autonomous UG loaders operated
from the surface to improve
safety, utilization & productivity
• Fatigue monitoring technology

deployed in 300 haul trucks as a
safety control Remotely operated autonomous equipment at Leeville UG. One operator controlling multiple machines.
• Asset Health Center established; monitors equipment

health and makes recommendations for 5 regional mines
• Technology deployed at multiple sites to improve fuel efficiency

& reduce emissions North America Asset Health Center
• Machine learning predictive analytics challenge

test completed for asset maintenance
• Digital assessments completed at Twin Creeks and Boddington Boddington Ball Mill Gear Box (Predictive Analytics Test)
with results built into roadmap and prioritization

Ball Mill Predictive Maintenance
180 Day Prediction with "Unsupervised Learning"
60
50
• Close, collaborative relationships formed with

Degradation Index
Failure threshold
Forecast failure 19 Jan
40 Unhealthy
Actual failure 9 Feb
30
IT & key vendors 20
10 Healthy
0
Jan-16
Jan-15
Jan-14
Jan-13
Oct-15
Oct-14
Apr-15
Jul-15
Oct-13
Apr-14
Jul-14
Apr-13
Jul-13
Actual Model Fitted Model Predicted
Predictive Analytics – for illustrative purposes only
Next steps
• Expand centralized mobile and fixed plant health scope
and scale DEPLOY & SUSTAIN
– Built on quality data, consistent systems and
predictive maintenance SHARE & SCALE
DEMONSTRATE
• Further leverage and advance automation along the MM&C DEFINE

ASSESS
pipeline into the business
Path to consistent and integrated technology solutions
– Priority areas: mucking, drilling and haulage
Strategic Mine Planning
Overview
• Proprietary optimization tools customized for specific mining complexes and value drivers
• Optimization through the value chain flexing mining, processing and projects simultaneously
• Leveraging advanced combinatorial optimization algorithms and know-how
Which resource What is the correct When and at what How should we Deliver reliable,
should be mined? size of the operation? rate should the mine and process the sustainable strategic
resource be mined resource? How should mine plans.
and processed? we reclaim and close
the operation?
Mine
2.0
0.8All
g/
MtStopes
Contractor
25 t Entire
A Mine
Net Present Value (NPV) vs. Cut-off Grades vs. Prodution Rates
NPV
$500M -$600M
$400M -$500M
• Strategic planning process achieved over $1.5 billion $300M -$400M
$200M -$300M
0.5 Mt
NPV* improvement across the portfolio since 2013 $100M -$200M
$0M -$100M
0.6 Mt
0.7 Mt
($100M)-$0M
0.8 Mt
• Ability to maximize value of mining complexes Production Target 0.9 Mt
1.0 Mt
and regional portfolios simultaneously 1.1 Mt

2.0 2.5 3.0 3.5
4.0 4.5 5.0 5.5
6.0 6.5 7.0
Cut-off Grade (grams per tonne)
• Resource risk management process results in

more reliable business plans
• Best in class optimization tools for underground mines

*Non-GAAP operating performance measure used by management to
assess value of innovation; see endnotes for additional information.
Next steps: Smart Mine technologies delivering sustainable cost

reduction, productivity and safety performance improvements
• Real-time
sensors,
monitoring and
optimization
tools
• Uncertainties
taken into
account to
optimize value
and reduce risk
• Decisions based
on real time
assessment of
the whole value
chain
Competitive Advantage
through Technology
Overview y through APC

liver
lue De
ed Va
c
• World class expertise in four technical pillars Enhan
Water Treatment
– Comminution, Flotation, Hydrometallurgy, Water
Hydrometallurgy
Comminution
Flotation
• Success underpinned by:
– State of the art laboratory capabilities
– Industry leading Technical Services team
Metallurgy, Mineralogy, and Water
– Optimized Advanced Process Control (APC) platforms
• In-house mineralogy capabilities – enable flowsheet
optionality and more efficient project economics Ferroan Dolomite
As-bearing Sulfides
– Laser Ablation for gold associated by mineral type Pyrite
Rutile
– Scanning Electron Microscope technology for rapid, K-feldspar
high-volume ore characterization
• Comminution and Flotation – new technology assessment, Mineral Map from North America region
advanced test work competencies, and integrated modelling

– Portable Hardness Device and Simple Kinetic Testing improves
efficiency and accuracy during process development
• Hydrometallurgy – bench-scale continuous autoclave

capacity reduces dependency on costly, time consuming
pilot plant testing
• Water Treatment supports Newmont’s Global Water Strategy

– Waste Rock characterization and modelling
– Membrane technology and proprietary membrane cleaning Kinetic Flotation Testing in Nevada
– Metals precipitation and slurry effluent treatment
Next steps: Central Support Centers

• Global Process Control Strategy
– Delivers consistent and sustainable monitoring and automation of our processing facilities
– Reduces variation; resulting in higher throughput, metal recoveries and lowers costs
Central Support Centers will leverage expertise over multiple sites (Boddington pictured above)
Exploration Technology
Overview
Build competitive advantage in exploration through
integrated proprietary technologies leading to increased
discovery rates and reduced exploration costs
• Area selection
• Area screening and fingerprinting
• Undercover Exploration Targeting
• 3D Mineralization Vectoring
• Data mining BLEG Airborne Platform
Cost efficient state-of-the-art technology anytime and anywhere in the world
• Area selection
DSG Factor DSG Factor
High NORTH High
Low Low
Deposit Outlines 2km Deposit Outlines
– Global Domain Ranking

+0.5g/t Au footprint +1g/t Au footprint
Maqui
Maqui
– 2D Prospectivity Analysis Antonio
Yanacocha
Quecher
• Area screening and fingerprinting Tapado

Carachugo
NORTH
2km
– BLEG
Chaquicocha
DSG (Yanacocha, Peru) DSG (Oberon/Tanami, Australia)
– Airborne platform: NEWTEM/Mag/Rad
• Undercover Exploration Targeting DSG
3D
NE
WDA
S
– Deep Sensing Geochemistry (DSG)

shells
– 3D Distributed Acquisition System (NEWDAS) 0.5g/t Au
• ~1km of cover, various regolith profile, climate 200M
NEWDAS & DSG (Antonio/Yanacocha, Peru)
• 3D Mineralization Vectoring 300
– Integrated spectral analysis and geochemistry 250
200
150
• Data mining/Global Exploration Database 20TB

100
50
Locked
– 1.2 million drill holes for 173 million meters

0
-50
– 9.8 million surface samples

-100 More 100m
Less 100m
Less 50m
-150 1g/t Au ore Less 25m
shell outline
– 15 thousand property files

-200
-250 200m
Looking NE
-300
-250 -200 -150 -100 -50 0 50 100 150 200 250 300 350 400
3D Mineralization Vectoring (Ahafo, Ghana)
Next steps
• Undercover Exploration Targeting
– Continuous development of proprietary technologies
– Increased depth of investigation and resolution
– Accurate mineralization footprint and fingerprinting
• 3D Prospectivity Analysis/Targeting
– Technologies integration
• Breakthrough technologies
3D Prospectivity Analysis (CC&V, USA)
– Airborne IP
Tom Palmer
Executive Vice President & Chief Operating Officer
Agenda

8:30am – 9:30am 9:30am – 10:15am 10:15am – 12:30pm
• Gary Goldberg

Global portfolio of long-life assets
68.5 million ounces in total Reserves Highlights
% of Reserves Global portfolio of long-life assets

Continued Full Potential delivery
Stable platform for future growth
Strong leadership and pipeline
North America
Carlin Culture of collaboration
− NW Exodus
Twin Creeks 41%
− Twin UG
Phoenix
Long Canyon 19%
CC&V
Africa
10% Ahafo
South America − Mill exp Australia
Merian − Subika UG Boddington 30%
Yanacocha Akyem Kalgoorlie
− Quecher Main Ahafo North Tanami
Health & Safety Op Excellence Growth People Sustainability

Strong bench of experienced operators
Andrew Woodley Alwyn Pretorius Alex Bates Dean Gehring

RSVP, North America RSVP, Africa RSVP, Australia RSVP, South America
• 20 years’ • 20 years’ • 25 years’ • 25 years’

experience experience experience experience
• Mining engineer • Mining engineer • Civil engineer • Mining engineer
• Former President • Former COO of • Led world’s first • Former President

and CEO of Oyu Harmony Gold fully-automated and CEO of Rio
Tolgoi copper and Mining Company mine in Western Tinto Minerals
gold mine Limited Australia

Targeting differentiation across all strategic pillars
Strategic pillar Focus Target
Leverage collective experience and Leading safety performance and

controls to lower risks and exposures culture with zero fatalities
Health & Safety
Improve the value and risk profile of Leading productivity, capital

each site and portfolio as a whole discipline and technical execution
Op Excellence
Deliver value accretive projects, Leading margins, Reserves and

exploration programs and transactions Resources
Growth
Improve diversity, leadership Leading engagement, talent

development and succession planning pipeline and diversity
People
Leverage strong performance and Leading access to resources,

perceptions for advocacy and access approvals, social acceptance
Sustainability

Laying the foundation for ongoing success
Consistent operating site organization, culture and work management systems
• Developing broader capabilities and commercial acumen among operating leaders
• Improved talent management systems, succession planning and diversity
• Culture of trust – speaking up, sharing lessons learned and replicating success rewarded
Boddington rescue team

Accelerating Full Potential to improve margins
Sustainable improvements consistently outstrip targets; $1.5B in improvements to date8
• Benefits include globally consistent metrics and reporting, communities of practice
• Outlook reflects advanced projects only; forecast to more than offset inflation
• Accelerated program shifts focus to replicating success and leveraging regional synergies
Boddington

2018 earnings and cash flow weighted to Q4
• North America – higher stripping in first half; Silverstar production in second half
• Australia – stable production with Tanami and KCGM offsetting Boddington stripping campaign
• South America – mine sequencing in first three quarters; reaching higher grade ores in Q4
• Africa – H2 benefits from higher grades in Ahafo surface mines, Subika UG ramp-up
Subika Underground

Optimizing projects to improve long-term delivery
Greenfields
Conceptual/
Scoping
Prefeasibility/
Colombia
Feasibility
Definitive
Long Canyon Ph 2 Feasibility
Yukon Execution
Yanacocha Sulfides
Pete Bajo Expansion Morrison
Eastern Great Basin
Awonsu
Northwest Exodus
Greater Leeville
Tanami power
Andes
Ahafo North
Subika Underground
Sabajo
Guiana Shield
Tanami Expansion 2
Ahafo Mill Expansion
Ahafo Underground
Ethiopia
Twin Underground
Akyem Underground
Australia
Quecher Main
~10 years Current
Long-term projects Mid-term projects Sustaining projects Current projects

(>3 years; not in outlook) (<3 years; not in outlook) (in outlook) (in outlook)
Andrew Woodley
Regional Senior Vice President, North America
North America continues as cornerstone
Five operating complexes and 50-year track record of profitability and innovation
• Higher stripping at Twin, Carlin partly offset by new underground production
• Pursuing profitable longer-term growth at Carlin, Long Canyon, Plateau
• Increasing value through fit-for-purpose technology, improved regional integration
Attributable gold production and AISC trends and outlook (Koz and $/oz)
2500 1600
2,080 – 2,240 2,010 – 2,170

2,024 1,900 – 2,100 1400
2000 1,800 – 2,000

1200
1,631 1,643
1000
1500
$1,007 $979 $945 –
$869 $855 – $870 – $825 –
800
$1,020
1000 $930 $970 $925 600
400
500
200
0 0
2014 2015 2016 2017E 2018E 2019E 2020E
Gold production (Koz) Gold production outlook (Koz) AISC ($/oz)

Carlin refining mine plans and growth prospects
Largest complex has 3 surface, 4 UG mines
>$10M savings8 in UG mines
• Surface mine plans modified to improve value
• Silverstar production included in 2018 and 2019
• Semi-autonomous mining at Leeville/NW Exodus Via payload and haulage, fleet productivity,
contract service improvements in 2017
Northwest Exodus

Twin Creeks maximizing asset value
Oxide and refractory ores from 2 pits and TRJV
>$35M savings8 in surface mines
• Stripping campaign from 2018 to 2020
• Resequencing laybacks to improve value
• Twin UG commercial production in mid-2018 Via haulage, maintenance, mine plan and ore
control improvements in 2017
Twin Underground

Phoenix optimizing mine sequencing
Complex deposit with gold, copper, silver ores
>$9M in value creation8
• Revised concentrate contracting strategy
Mine
• Focus on gold zones drives improvements in 2018

Sales Mill
• Higher grade copper phases begin in 2020
Via value chain strategy in 2017
Phoenix
Carlin

Long Canyon accelerating production
Phase 1 completed early, 20% under budget
~$10M savings8 in supply chain
• Optimizing mine plans and leach pad expansion
• Phase 2 studies and permitting underway
• Mineralization open in all directions Via renegotiated contracts and

lower consumption in 2017
Long Canyon Long Canyon

Cripple Creek & Victor leveraging regional synergies
Ore processed via valley leach, high-grade mill
>$25M in value creation8
• Working to offset lower leach, mill grade in 2018
• Secure value by shipping concentrates to Nevada
̶ Expected to improve recoveries and add FCF Via downtime, recovery and
circuit optimization in 2017
Cripple Creek & Victor

Alwyn Pretorius
Regional Senior Vice President, Africa
Africa delivering improved performance and growth
Ghana’s largest gold producer, responsible for 32% of country’s total production
• Mine plan optimization, improved mill throughput and recovery delivering lower unit costs
• Subika Underground and Ahafo Mill Expansion progressing on course
• Advancing regional growth studies – prospective opportunities at surface and underground
1250 1,085 – 1,185 1400
1050 1200
914 880 – 980
805 819 775 – 835 815 – 875
850 1000
650 $865 – 800

$833 $830 – $775 –
$880 $925
$718 $700 – $875
450 600
$647 $800
250
$960 – 1,060
$870 – 920 400
$680 – 780
50 200
2014 2015 2016 2017E 2018E 2019E 2020E

-150 0

Ahafo expansions are gateway to UG district
OP/UG mines feed conventional process plant
Mill throughput up 4%
• Improved costs via mine design, mill throughput Harder ore
884
• Commercial production – Subika UG (H2 2018); 849 841
Ahafo Mill Expansion (H2 2019)
2015 2016 2017E
• Drilling underway to evaluate UG district (tph) via installation of turbo pulp lifters
Ahafo Mill Expansion Subika Underground

Akyem offsetting lower grades, harder ore
Surface mine feeds conventional process plant
Harder ore
• Harder primary ore in 2018 impacts costs
1,085
• Advanced process control system enabling 1,025 1,039
increased throughput and recovery rates
2015 2016 2017E
• Drilling below existing pit to evaluate UG resource (tph) via ore blend, grade, advanced process control
Akyem mill

Ahafo North represents prospective new district
9 surface deposits along 14 km strike
length
• Located 30 km north of Ahafo
• 3.3Moz Reserve and 1Moz Resource*
• Stand-alone mill to process ~3.5 to 4Mt/yr
• Permitting and outreach underway
• Decision expected in H2 2019 with 3-year

development schedule
* 2016 Newmont Reserve and Resource declaration. Measured 2Mt @ 1.2g/t (0.1Moz), Indicated 7Mt @ 1.7g/t (0.4Moz), and Inferred 10Mt @ 1.8g/t (0.6Moz)

Alex Bates
Regional Senior Vice President, Australia
Australia growing margins and reserves
Australia’s largest gold producer, responsible for 17% of country’s total production
• Full Potential eliminates mill constraints, sets new standards for maintenance practices
• Advancing profitable underground expansions and surface mine laybacks
• Leveraging expertise, best practices across region
2000 1600
1800
1,640 1,665 1,641 1,520 – 1,695 1,530 – 1,670 1400
1600
1,440 – 1,640 1,380 – 1,580
1200
1400
1000
1200
1000 $975 800

$830 – $840 – $840 –
$818 $786 $795 –
800
$890 $940 $940 600
$855
600
400
400
200
200
0 0
2014 2015 2016 2017E 2018E 2019E 2020E

Boddington improvements extend life
2 pits feed flotation process, produce concentrate
Mill recovery up 3%
• Higher stripping from 2018 to 2020 Recovery
83.3% 83.7%
81.2% 82.5%
• Multiple mill utilization and recovery records set .82
g/t .76 .80 .76
• Mine re-sequencing accelerates laybacks
2014 2015 2016 2017 E
Boddington

KCGM advancing mine life and growth prospects
Newmont’s leadership improves profitability
• Remediating impact of west wall slip
13.0 13.1
• Higher grades, throughput and recoveries
11.6 11.6
• Morrison layback expected to add 1.8Moz and 2014 2015 2016 2017E
extend life by 5 years – decision in Q1 2018 (Mt) with new UFG mill
KCGM

Tanami entering next phase of profitable growth
First expansion delivered on time and budget
Grade up 5%
• Optimized stope designs result in higher grades 5.7 g/t
5.4 g/t
• Lower mining costs >offset increased development
2016 mine plan 2017 mine plan
• Advancing resource definition for next expansion
via new Reserves and improved stope design
Tanami Expansion

Tanami Power improves performance and risk
Progressing Tanami Power project to improve costs, reliability and environmental impact
• Switching to natural gas expected to lower CO2 emissions by up to 20%
• Includes construction and operation of 450km natural gas pipeline and 2 power stations
• Expected to reduce power costs by >20%
Tanami

Tanami’s Expansion 2 taps new discoveries
Increases profitable production and extends mine life
• Includes production shaft to maximize value from 1,200 – 2,600m below surface; optimizing
processing capacity
• Staged investment; develop while continuing to optimize resource risk at depth
• Decision expected in H2 2019 with a two year construction period
Production shaft
-260RL
Focus area

Dean Gehring
Regional Senior Vice President, South America
South America balancing profitability and growth
Source of profitable production and growth for nearly 25 years with expanding scope
• Lower cost production from Merian offsetting declining oxide profile at Yanacocha
• Focus on maximizing profitability and optimizing growth projects
• Advancing near-mine expansions and early-stage prospects across Andes and Guiana Shield
700 630 – 690 615 – 675 590 – 690 $2,000
$1,800
600 475 – 575 $1,600
500 498 471 $1,400
414 $1,200
400
$1,000
300 $1,001 $1,052 $965 – $945 – $970 –
$949 $810 – $800
$1,025 $1,045 $1,070
200 $910 $600
$400
100 $880 – 980
$850 – 950 $810 – 910 $200
0 $0
2014 2015 2016 2017E 2018E 2019E 2020E

Merian establishes foothold in prospective district
Improving mine productivity, growing oxide base
Payload up 37% (DMT)
• Full Potential delivering improvements in 2018 130 129
124
113
94
• Primary crusher advancing on track
• Advancing growth through Sabajo and Amazonia

Jun 17 Jul 17 Aug 17 Sep 17 Oct 17
Primary crusher installation

Yanacocha focused on maintaining profitability
Advancing Quecher Main as bridge to sulfides
80Koz of additional production
• Accelerating Full Potential to maintain profitability Re-leach
• Higher processing/stockpile costs forecast in 2018 Primary leach
• High grade satellite deposits represent upside 2016 2017E

via re-leaching
Note: Reserves and Resources as of 31 December 2016
Quecher Main extends mine life; bridge to development of Sulfides deposit
Chaquicocha core
Carlin
Releaching
Optimizing approach to sulfide development
Project to develop Yanacocha’s sulfide deposits reaches feasibility study in late 2018
• Potential to extend operational life to 2039
• First phase focuses on developing most profitable deposits to optimize risk and returns
• Favorable drilling and process test results continue
• ~$2B investment for ~350Kgeo annual production with decision expected in 2019
Low grade Cu/Au
Cu Heap Leach
High grade Cu, low grade Au/Ag
Yanacocha
Verde Flotation
Copper cathode
SXEW (40% revenues)
Concentrate
Gold in doré
Low grade Cu, high grade Au (50% revenues)
Silver in doré
Chaquicocha Autoclave CN Leach (10% revenues)
UG
Questions?
Agenda

8:30am – 9:30am 9:30am – 10:15am 10:15am – 12:30pm
• Gary Goldberg

Grigore Simon
Senior Vice President, Exploration
Focused on high value, near mine options
December 2017 Newmont Mining Corporation I 2017 Investor Day I Slide 75

North America remains a core growth area

Long Canyon – advancing Phase 2
Reserves and Resource (R&R) base Upside Potential
• Reserves: 1.2 Moz (17Mt @ 2.1 g/t Au) • 75% of Inventory converted to R&R
• Resource*: 2.0 Moz (21Mt @ 3.0 g/t Au) • Mineralization over 5.0km strike length is open
Highlights
• Resource drilled to Reserves spacing; Reserves and Resource additions pending hydrological study
• Shift focus from support Phase 2 to Resource growth
• Deep Sensing Geochemistry providing guidance on the Eastern Zone

For all graphics and mineralization representations on slides 76 - 88, please refer to Endnote 5. * Primarily Indicated 14Mt @ 3.5 g/t Au (1.6Moz), Inferred 6Mt @ 1.9 g/t Au (0.4Moz)
Exodus – growing into major underground deposit
• Resource*: 0.3 Moz (2Mt @ 6.1 g/t Au) • Half of +4.0km target drill tested
Highlights
• 0.8Moz Reserves and 0.5Moz Resource** additions since 2015 Investor Day
• Additional Reserves expected in 2017
• Larger than expected Footwall intercepts; first footwall stopes successfully mined
* Primarily Indicated 0.9 Mt @ 6.0 g/t Au (0.2Moz), Inferred 0.8Mt @ 6.2 g/t Au (0.2Moz). ** Includes NW Exodus; includes Inferred, refer to Appendix C and Endnote 5.
Leeville – growing high grade underground deposit
• Resource*: 0.6 Moz (2Mt @ 10.4 g/t Au) • 2.6km of exploration drift over the next 3 years
Highlights
• Additional Reserves and Resource expected in 2017
• Strong results South and West of Four Corners; NE upside potential subparallel to West Bounding Fault
* Measured 0.5Mt @ 7.2g/t (0.1Moz), Indicated 0.6Mt @ 11.7 g/t Au (0.2Moz), Inferred 0.8Mt @ 11.4 g/t Au (0.3Moz). ** Includes Inferred, refer to Appendix C and Endnote 5.
Delivering on promise in Australia

Tanami UG – advancing Tanami Expansion 2
• Resource*: 1.1 Moz (6Mt @ 4.7 g/t Au) • Extensions and repeating structures
Highlights
• 2.2 Moz Reserves and 1.2 Moz Resource** additions since 2015 Investor Day
• First Reserves at Federation and Auron West discoveries
• Maiden Resource at Liberator in 2017/2018 (up to 58m @ 23.4 g/t Au; 38m @ 10.5 g/t Au)
* Primarily Indicated 3Mt @ 5.5 g/t Au (0.5Moz), Inferred 3Mt @ 5.9 g/t Au (0.6Moz). ** Includes Inferred, refer to Appendix C and Endnote 5.
Tanami UG – advancing Tanami Expansion 2
• Resource*: 1.1 Moz (6Mt @ 4.7 g/t Au) • Extensions and repeating structures
Highlights
• 2.2 Moz Reserves and 1.2 Moz Resource** additions since 2015 Investor Day
• First Reserves at Federation and Auron West discoveries
• Maiden Resource at Liberator in 2017/2018 (up to 58m @ 23.4 g/t Au; 38m @ 10.5 g/t Au)
* Primarily Indicated 3Mt @ 5.5 g/t Au (0.5Moz), Inferred 3Mt @ 5.9 g/t Au (0.6Moz). ** Includes Inferred, refer to Appendix C and Endnote 5.
Growing the underground resource in Africa

Subika - unlocking major underground resource
Reserves and Resource (R&R) base UG only Upside Potential
• Resource*: 1.5 Moz (11Mt @ 4.1 g/t Au) • Four ore shoots, all open at depth
Highlights
• Mineralization extended 800m below existing Reserves to ~1.4km depth
• Updated geological model leading to better targeting

* Indicated 2Mt @ 4.3 g/t Au (0.3Moz), Inferred 9Mt @ 4.1 g/t Au (1.2Moz). ** Includes Inferred, refer to Appendix C and Endnote 5.
Ahafo UG - potentially major new blind discovery
• Reserves: N/A • 44% of Inventory converted to R&R
• Resource*: 1.1Moz (9Mt @ 3.9 g/t Au) • Multiple ore shoots open at depth
Highlights
• 0.4Moz Resource** additions since 2015 Investor Day
• New Brownfields Discovery at Apensu North with first Resource expected in 2017
• Mineralization extended 400m below existing Apensu South Resource to ~1.0km depth
* Indicated 6Mt @ 4.2 g/t Au (0.8Moz), Inferred 3Mt @ 3.4 g/t Au (0.4Moz). ** Includes Inferred, refer to 2015 and 2016 10K for details
Akyem UG – maiden underground Resource in 2017
• Resource: N/A • Mineralization open at depth

Highlights
• Maiden Resource expected in 2017
• Mineralization extended ~500m below ultimate pit (up to 44.9m @ 5.6 g/t Au) down to ~800m depth
• Project entered Stage gates

Extending mine life in South America

Merian – further oxide and UG potential
Reserves and Resource (R&R) base 100% Upside Potential
• Resource*: 2.7 Moz (75Mt @ 1.1 g/t Au) • Extensions, high grade UG, brownfields saprolite
Highlights
• Additional Reserves and Resource expected in 2017
• Developing additional saprolite at Merian I and UG potential at Merian II

* Measured & Indicated 26Mt @ 1.1 g/t Au (0.9Moz), Inferred 49Mt @ 1.1 g/t Au (1.7Moz). ** Includes Inferred, refer to Appendix C and Endnote 5.
Chaquicocha Central – new high grade discovery
• Resource*: 2.3 Moz (11Mt @ 6.3 g/t Au) • Extensions to the E and NNW; Chaqui Sur Oxides
Highlights
• 2.3 Moz Resource additions and 1.5Moz (79Mt @ 0.6 g/t Au) at Yan Verde since 2015 Investor Day
• High grade discovery at Chaqui Central (up to 58m @ 230 g/t Au, 34m @ 278 g/t Au; 14m @ 411 g/t Au)
• More high grade pods possible (i.e., Lola: 11.4m @ 15.9 g/t Au; Lucia: 10.9m @ 27.9 g/t Au; Central Ext)
* Chaqui: Indicated 5Mt @ 7.0 g/t Au (1.1Moz), Inferred 6Mt @ 5.8 g/t Au (1.2Moz), Yan Verde Indicated 71Mt @ 0.65g/t (1.5Moz), Inferred 2Mt @ 0.35g/t (0.03Moz)
Esperance – new business development in Fr. Guiana
• Resource: N/A • semi-continuous untested soil anomalies over

+20km
Highlights
• Joint Venture earn-in agreement with CME 60km SE of Merian
• Mineralization over 1km strike length drilled down to ~150m depth (up to 128.1m @ 2.2 g/t Au)
• 33 drill holes out of which 20 of them above 100 gram meters.

Proprietary technologies drive discovery program
Oberon/Tanami, Australia, DSG footprint Antonio/Yanacocha NEWDAS and DSG integrated targeting
Deep Sensing Geochemistry (DSG) 3D Distributed Acquisition System (NEWDAS)
• State-of-the-art proprietary technology • 3D data acquisition system
• Depth of investigation +500m • Depth of Investigation ~1,000m

Technology-driven undercover exploration success
• DSG: Long Canyon E (36.5m @ 7.8 g/t Au); Leeville N (31.4m @ 8.9 g/t Au); Rita K (39.8m @ 5.8 g/t
Au); Fence (6.6m @ 13.7 g/t Au); Pete Bajo (6.6m @ 11.8 g/t Au)
• 3D NEWDAS & DSG: Antonio/Yanacocha (43.0m @ 5.7 g/t Au; 28.0m @ 10.2 g/t Au)

Questions?
Gary Goldberg
President and Chief Executive Officer
Leading in profitability and responsibility
Safe, stable and profitable gold production over longer horizon

Superior
operational Continuous cost and productivity improvement through Full Potential
execution
Leading talent and robust and diverse leadership pipeline
Ongoing margin growth across four anchor regions

Global portfolio
of long-life Leading project pipeline and execution record
assets
Differentiated Reserve value and risk profile
Capital discipline across all investments and cycles

Leading in
profitability and Superior balance sheet and dividends
responsibility
Leading environmental, social and governance performance
Tanami ore (Auron)

Appendix A: Site fact sheets
Carlin site details
2016 Reserves: 2016 Resources*:
15.0 Moz Gold 5.5 Moz Gold
Ownership: 100%
Location: West of Elko, Nevada on the Carlin Trend
Operations: Four open pits and four underground mines
Process: High grade refractory ore processed through a roaster

(Mill 6); high grade oxide and transitional ore processed through
conventional milling, flotation and cyanide leaching at Mill 5, with
concentrates further treated at Mill 6 and Twin Creek’s Sage mill;
low grade material of suitable cyanide solubility treated by heap
leach
Products: Gold
Key statistics 2015 2016 2017 Outlook 2018 Outlook

Attributable gold production (Koz) 886 944 935 – 1,000 950 – 1,105
Gold CAS ($/oz) 891 844 775 – 825 775 – 825
Gold AISC ($/oz) 1,134 1,048 980 – 1,040 980 – 1,040
Capex ($M) 270 173 165 – 185 155 – 190
* Resources include Inferred. See Endnote 5.

Twin Creeks site details
Ownership: 100% Twin Creeks; 25% TRJV
Location: Located 35 miles northeast of Winnemucca, Nevada
Operations: Open pit and Turquoise Ridge underground mine
Process: High grade refractory ore processed through the Sage

autoclaves; high grade oxide ore processed through conventional
milling and cyanide leaching at the Juniper mill; low grade
material of suitable cyanide solubility treated on heap leach pads
Products: Gold

Attributable gold production (Koz) 471 453 370 – 400 340 – 370
Gold CAS ($/oz) 521 514 560 – 610 675 – 725
Gold AISC ($/oz) 653 613 675 – 725 835 – 885
Capex ($M) 48 37 45 – 55 55 – 65

Phoenix site details
1.3 Blbs Copper 0.9 Blbs Copper
Ownership: 100%
Location: Near the town of Battle Mountain, Nevada
Operations: Phoenix open pit and Lone Tree
Process: Mill produces gravity gold concentrate and copper/gold
flotation concentrate, additional gold recovered from cyanide
leaching of flotation tails; copper leaching and solvent extraction
electro-winning (SXEW) facilities produce copper cathode; Lone
Tree consists of residual leaching operations and ongoing
reclamation
Products: Gold, Copper

Gold CAS ($/oz) 821 802 875 – 925 810 – 860
Gold AISC ($/oz) 980 937 1,070 – 1,130 990 – 1,050
Attributable copper production (Kt) 21 19 10 – 20 10 – 20
Copper CAS ($/lb) 1.97 2.48 1.75 – 1.95 1.50 – 1.70
Copper AISC ($/lb) 2.30 2.88 2.20 – 2.40 1.85 – 2.05
Capex ($M) 25 22 25 – 35 20 – 30

Long Canyon site details
Ownership: 100%
Location: Located along the eastern flank of the Pequop

mountains in NE Nevada, Elko County
Operations: Surface
Process: Heap leach
Products: Gold

Attributable gold production (Koz) - 22 130 – 170 130 – 170
Gold CAS ($/oz) - 186 380 – 430 510 – 560
Gold AISC ($/oz) - 227 405 – 455 605 – 655
Capex ($M) 128 119 10 – 20 10 – 20

CC&V site details
Ownership: 100%
Location: Near the towns of Cripple Creek and Victor, Colorado
Operations: 4 open pits
Process: Historically a valley leach facility; new mill and second

valley leach commissioned
Products: Gold

Gold CAS ($/oz) 532 553 560 – 610 875 – 935
Gold AISC ($/oz) 683 621 680 – 730 965 – 1,025
Capex ($M) 66 59 30 – 40 20 – 30
Merian site details
2016 Reserves*: 2016 Resources*:
Ownership: 75%
Location: 66 kilometers south of Moengo, Suriname
Operations: Surface
Process: conventional mill and standard carbon-in-leach circuit

for processing ore
Products: Gold

Attributable gold production (Koz) - 78 350 – 390 365 – 405
Gold CAS ($/oz) - 342 500 – 540 455 – 495
Gold AISC ($/oz) - 374 560 – 610 580 – 630
Consolidated capex ($M) 356 221 85 – 125 55 – 95
* Reserves and Resources shown on a 100% basis. Resources include Inferred. See Endnote 5.
Yanacocha site details
2016 Reserves*: 2016 Resources*:
1.6 Blbs Copper
Ownership: 51.35%
Location: 375 miles north of Lima, Peru in Cajamarca region
Operations: 7 open pit mines
Process: Four leach pads, three processing facilities and one mill
Products: Gold

Gold CAS ($/oz) 607 824 945 – 995 975 – 1,025
Gold AISC ($/oz) 880 1,058 1,200 – 1,270 1,205 – 1,275
Consolidated capex ($M) 100 83 35 – 55 110 – 140
Ahafo site details
Ownership: 100%
Location: 180 miles northwest of Accra, Ghana
Operations: Four open pits; underground mine in development
Process: Conventional mill and standard carbon-in-leach circuit

for processing ore; mill expansion under construction
Products: Gold

Gold CAS ($/oz) 620 895 820 – 875 710 – 765
Gold AISC ($/oz) 892 1,152 965 – 1,045 875 – 955
Capex ($M) 92 87 150 – 185 195 – 240
Akyem site details
3.3 Moz Gold 1.2Moz Gold
Ownership: 100%
Location: 80 miles northwest of Accra, Ghana
Operations: One open pit mine
Process: Conventional mill and standard carbon-in-leach circuit

for processing ore
Products: Gold

Gold CAS ($/oz) 449 497 535 – 575 640 – 680
Gold AISC ($/oz) 572 584 655 – 705 765 – 815
Capex ($M) 45 22 30 – 40 30 – 40
Tanami site details
Ownership: 100%
Location: 342 miles northwest of Alice Springs in the Northern

Territory
Operations: One underground mine
Process: The processing plant current consists of a crushing

plant, a grinding circuit, gravity carbon in pulp tanks and a
conventional tailings disposal facility.
Products: Gold

Gold CAS ($/oz) 519 518 575 – 645 535 – 605
Gold AISC ($/oz) 724 739 785 – 855 705 – 775
Capex ($M) 98 145 110 – 120 95 – 120
Boddington site details
1.2 Blbs Copper 0.8 Blbs Copper
Ownership: 100%
Location: 81 miles southeast of Perth, Western Australia
Operations: Two open pits
Process: The milling plant includes a three-stage crushing
facility, four balls mills, a flotation circuit and a carbon-in-leach
circuit. The flotation circuit process recovers copper concentrate
and portion of the gold in a copper concentrate before the
material is then processed by a traditional carbon-in-leach circuit
where the remaining gold is recovered.
Products: Gold, Copper
Gold CAS ($/oz) 699 673 700 – 750 820 – 870
Gold AISC ($/oz) 799 775 820 – 870 950 – 1,000
Attributable copper production (Kt) 36 35 30 – 40 30 – 40
Copper CAS ($/lb) 1.71 1.67 1.30 – 1.50 1.75 – 1.95
Copper AISC ($/lb) 2.06 2.00 1.60 – 1.80 2.05 – 2.25
Capex ($M) 58 65 75 – 85 60 – 75
Kalgoorlie site details
Ownership: 50%
Location: 373 miles east of Perth, Western Australia
Operations: Fimiston pit (commonly referred to as the Super Pit)

and Mt. Charlotte underground mine
Process: Two SAG and associated ball mills, as well as a gravity

and flotation circuit where the majority of gold reports to a pyrite
concentrate, concentrate is fed into an ultra-fine grind mill with
gold then recovered by conventional carbon-in-leach circuit
Products: Gold

Gold CAS ($/oz) 855 680 585 – 635 580 – 630
Gold AISC ($/oz) 965 775 665 – 715 695 – 745
Capex ($M) 21 20 15 – 25 20 – 30
Appendix B: Biographies
Management team biographies
Gary Goldberg, President and Chief Executive Officer
Gary J. Goldberg was appointed President and Chief Executive Officer and joined the Board of Directors of Newmont
Mining Corporation on March 1, 2013. He had served as President and Chief Operating Officer since July 2012, and
served as Executive Vice President and Chief Operating Officer since December 2011. Prior to joining Newmont, Mr.
Goldberg was President and Chief Executive Officer of Rio Tinto Minerals, and served in leadership roles in Rio Tinto’s
coal, gold, copper and industrial minerals businesses. Mr. Goldberg has 30 years of experience in the mining industry
and served as Chairman of the National Mining Association in the United States from 2008 to 2010. He holds a Bachelor
of Science degree in Mining Engineering from the University of Wisconsin–Platteville and a Master of Business
Administration degree from the University of Utah.
Tom Palmer, Executive Vice President and Chief Operating Officer
Tom Palmer became the Executive Vice President and Chief Operating Officer for Newmont on May 1, 2016. Previously,
Mr. Palmer was elected Senior Vice President, Asia Pacific in February 2015 after serving as Senior Vice President,
Indonesia since March 2014. Prior to joining Newmont, he was the Chief Operating Officer, Pilbara Mines at Rio Tinto
Iron Ore. Over a 20-year career with Rio Tinto, Mr. Palmer worked in a variety of roles across a number of commodities,
including General Manager, Technology for the Bauxite and Alumina business; General Manager, Operations at Hail
Creek coal mine; and General Manager, Asset Management at Palabora Mining Company in South Africa. Mr. Palmer
brings extensive experience leading teams and delivering production while implementing safety culture programs and
improving diversity. He earned a Master of Engineering Science degree and a Bachelor of Engineering degree from
Monash University in Melbourne, Australia.
Nancy Buese, Executive Vice President and Chief Financial Officer
Nancy K. Buese was appointed Executive Vice President and Chief Financial Officer effective October 31, 2016. Ms.
Buese brings 25 years of experience in finance leadership roles and joins Newmont having most recently served as
Executive Vice President and CFO for MPLX, a publicly traded energy company formed by Marathon Petroleum
Corporation. Prior to MPLX’s acquisition of MarkWest Energy Partners in 2015, Ms. Buese served for 11 years as
Executive Vice President and Chief Financial Officer of MarkWest. Having worked in public accounting for 12 years, Ms.
Buese also is a former Partner with Ernst & Young. She earned her degree in Accounting and Business Administration
from University of Kansas and is a Certified Public Accountant.
Randy Engel, Executive Vice President Strategic Development
Randy Engel was elected Executive Vice President, Strategic Development in September 2008, after having served as
Senior Vice President, Strategy and Corporate Development since 2007. Mr. Engel has been with the Company since
1994, and has served in various capacities in the areas of business planning, corporate treasury and human resources.
Mr. Engel holds a Master of Science degree in Finance from the University of Denver, and a Bachelor degree in
Business Administration from the University of Colorado.
Scott Lawson, Executive Vice President, Technical Services
Scott P. Lawson was elected Executive Vice President, Technical Services in March 2015 having previously served as
Senior Vice President, Technical Services since December 2012. Prior to joining Newmont, Mr. Lawson served as
Senior Vice President, Engineering Services at Peabody Energy, responsible for global engineering and technical
services support. Mr. Lawson spent 22 years with international miner Rio Tinto including executive roles and as Vice
President, Engineering and Technical Services for Kennecott Utah Copper. He has also served on the Utah Air Quality
Board and the Utah Safety Council Board. Mr. Lawson holds a Bachelor of Science degree in Civil Engineering from the
University of Utah and a Master of Business Administration degree from the University of Phoenix in Salt Lake City. He
is also a member of the University of Utah Department of Civil & Environmental Engineering Industrial Advisory Board.
Grigore Simon, Senior Vice President, Exploration
Grigore Simon was elected Senior Vice President, Exploration in February 2012, after having served as Vice President,
Exploration since April 2009. Previously, he served as General Manager, Generative Exploration from 2007 to 2009, and
as Chief Geoscientist of the Global Exploration Solutions group from 2004 to 2007. Prior to joining Newmont, Mr. Simon
had exploration management positions with Shell International in Angola and Saudi Arabia since 1998. He also worked
as an exploration geologist for several mining firms and as Assistant Professor of Economic Geology at the University of
Bucharest. He holds an Engineering degree in Geology and Geophysics from the University of Bucharest, Romania; a
Master’s degree and Ph.D. in Geology from the University of Michigan; and Master of Business Administration degrees
from the University of Rochester and the University of Nyenrode, Netherlands.
Elaine Dorward-King, Executive Vice President, Sustainability and External Relations
Dr. Elaine Dorward-King was elected Executive Vice President, Sustainability and External Relations in March 2013.
Prior to joining Newmont, Dr. Dorward-King served as Managing Director of Richards Bay Minerals in South Africa from
December 2010 through February 2013. Dr. Dorward-King previously served as the Global Head of Health, Safety and
Environment at Rio Tinto from 2002 through 2010 and also held leadership positions with Rio Tinto’s copper and borates
businesses. Prior to that, she worked for Ebasco Environmental and for Monsanto Company as a chemist, research
specialist and product manager. Dr. Dorward-King brings 25 years of leadership experience in creating and
implementing sustainable development, safety, health and environmental strategy and programs in the mining, chemical
and engineering consulting sectors. She holds a Bachelor of Science magna cum laude from Maryville College and a
Ph.D. in Analytical Chemistry from Colorado State University.
Stephen P. Gottesfeld, Executive Vice President and General Counsel
Stephen P. Gottesfeld serves as Executive Vice President and General Counsel after having been elected Executive
Vice President, General Counsel and Corporate Secretary in February 2013. He previously served as Senior Vice
President, General Counsel and Corporate Secretary since February 2012 and Vice President and General Counsel
since 2010. Mr. Gottesfeld was the Vice President of Communications and Public Affairs from 2006 to 2010. He served
as Newmont’s Associate General Counsel from 2004 to 2006, responsible for Newmont’s Latin American, African and
Central Asian legal offices. From 2002 to 2004, Mr. Gottesfeld was Newmont’s Associate General Counsel and General
Manager of Newmont Peru S.R.L., spending three years of his career with Newmont working in Lima, Peru. Prior to
joining Newmont in 1997 as Senior Counsel, Mr. Gottesfeld was an Associate at Holland & Hart LLP. He earned a law
degree and a Master’s degree in International Affairs from the University of Denver in 1993 and received a Bachelor of
Arts degree in Economics from The Colorado College in 1989.
Bill MacGowan, Executive Vice President, Human Resources
Bill MacGowan serves as Executive Vice President, Human Resources after having been elected Executive Vice
President, Human Resources and Communications in 2010. Prior to joining Newmont, Mr. MacGowan served as Chief
Human Resources Officer and Executive Vice President, People and Places, for Sun Microsystems, where he oversaw
a staff of 750 and an annual operating budget of $600 million. In addition, Mr. MacGowan was responsible for Sun’s $1.2
billion real estate portfolio, encompassing five campuses and 12.5 million square feet.
With more than 30 years of human resources experience, Mr. MacGowan has a history of aligning people strategies with
business results and creating a diverse, engaging and collaborative culture. In 2007, he received the Diversity Best
Practices Legacy Award for lifetime achievements on behalf of women, minorities and people of color in the workplace.
Mr. MacGowan earned his Bachelor of Arts degree in Political Science from Claremont McKenna College.
Susan Keefe , Vice President, Strategic Relations
Susan Keefe was elected Vice President, Strategic Relations in March 2013. Prior to joining Newmont in October 2012,
Ms. Keefe served with Rio Tinto for 19 years, most recently as General Manager, Communications and External
Relations for Rio Tinto’s Diamonds and Minerals product group, and prior to that as Vice President, Communications at
Rio Tinto Minerals. Before joining Rio Tinto, Ms. Keefe was Managing Director of a leading international communications
agency. Ms. Keefe has more than 25 years of experience creating and executing communications, stakeholder
engagement and brand and reputation management strategies. She holds a Bachelor’s degree in Human Biology from
Stanford University.
Regional Senior Vice President biographies
Andrew Woodley, Senior Vice President, North America
Andrew Woodley became the Regional Senior Vice President North America in January 2017. Prior to joining Newmont, Andrew
worked with Rio Tinto for 21 years holding a range of commercial, operational and senior executive roles in mining, minerals
processing, smelting. These roles included President and CEO of Oyu Tolgoi copper/gold operations in Mongolia, Managing
Director of Rio Tinto Coal Mozambique, General Manager Operations of the Hail Creek coking coal mine in Queensland. Prior to
Rio Tinto, Andrew worked in exploration and as a mining and manufacturing consultant in Australia, New Zealand, Malaysia and the
USA. Andrew has a Mining Engineering degree (University of NSW, Australia) and an MBA (Wilfrid Laurier University, Canada).
Alwyn Pretorius, Senior Vice President, Africa
In March of 2016, Alwyn Pretorius joined Newmont as Senior Vice President for the Africa region, bringing 20 years of gold sector
experience to his role. Alwyn has served in leadership roles at Harmony and ARMgold, managing portfolios of up to 10 mines with
annual production of 1.3 million ounces of gold. He has also led targeted programs that delivered substantial safety, sustainability
and productivity improvements, and brings special expertise in government and labor relations to his new role. He earned Bachelor
of Science degrees in Industrial Engineering and Mining Engineering from the University of Pretoria, and was Chairman of the
South African Mines Rescue Services Board.
Alex Bates, Senior Vice President, Australia
Alex Bates was appointed Regional Senior Vice President of Newmont Australia in April 2017. Alex joined Newmont in 2015 as
General Manager of Newmont Boddington Gold. Prior to joining Newmont, Alex was General Manager of Rio Tinto Iron Ore’s
Brockman Region. He started in iron ore as General Manager Yandicoogina Operations in February 2011 after many years of
experience in leadership roles across the resources industry all over the world including Phalaborwa, Cape Town, London,
Montreal and Brisbane. Alex has 25 years of experience in the resources industry and served as a Director on the Board of the
Gumala Aboriginal Corporation. Alex is a member of the Board of the Minerals Council of Australia.
Dean Gehring, Senior Vice President, South America
Dean was appointed Regional Senior Vice President South America in June 2017 bringing 25 years of diverse mining experience to
the role. Prior to joining Newmont, he worked with Rio Tinto in a variety of leadership roles. During his tenure with Rio Tinto, Dean
served as Global Head of Safety and Security and Vice President of Operations for Rio Tinto Minerals, in addition to roles as
General Manager of Boron Operations in California, Project Development at Oyu Tolgoi in Mongolia, and Resource Development at
Kennecott Copper in Utah. He also held managerial roles in engineering, projects and mining operations with PT Freeport
Indonesia, BHP-Billiton, Hecla Mining, and Magma Copper. Dean earned his Bachelor of Science in Mining Engineering from the
University of Idaho and his Master of Science in Project Management from the University of Aberdeen in the United Kingdom.
Technical Services biographies
Marcelo Godoy, Vice President, Resource Evaluation and Mine Planning
With over 20 years of experience, Marcelo holds a PHD in Strategic Mine Planning from the WH Bryan Mining Geology
Research Centre in Australia. As the regional leader of Ore Evaluation Services at Golder Associates, he previously led
the provision of Resource and Reserve Estimation for the mining industry in South America. He served on their board
and managed a series of mining feasibility studies for clients such as BHPB. Codelco, and Antofagasta Minerals.
Marcelo and his team lead the development of resource models and ore control strategies that maximize ore body value
and consistently deliver predictable outcomes to the business across the Newmont value chain.
Lauren Halfa, Director, Metallurgical Services
Lauren Hafla holds a B.S. degree in Metallurgical Engineering from Montana Tech and has 18 years of experience in
process engineering, operations, and management roles of increasing capacity and breadth. With increased productivity
and improved costs at the forefront, as Full Potential Manager, Carlin in 2015 and 2016 Lauren headed continuous
improvement work recording $95M in revenue and cost savings. In early 2017 she was selected as the Director of
Newmont Metallurgical Services where she is accountable for leading R&D portfolio advancement and managing
metallurgical testing in support of Newmont’s operations and studies & projects. She is an active member of Newmont’s
Woman and Allies Business Resource Group focused on advancing the Inclusion and Diversity Journey.
Mike Wundenberg, Group Executive, Asset Management and Business Improvement
Mike has over 20 years of experience in mining and has held various management positions both within the company
and as a supporting contractor. He has been associated with Newmont since 1998 working at Batu Hijau, Yanacocha
and APAC. Mike worked for BHP Billiton on the Olympic Dam Expansion project for two years and held the position of
Manager, Mining prior to rejoining Newmont. Mike’s team provides global Asset Management support as well as
providing program management for Full Potential, and support for Global Operations Metrics.
Board of Directors biographies
Noreen Doyle, Chair of Board of Directors
Noreen Doyle currently serves as Chair of Newmont's Board of Directors. She was the First Vice President of the European Bank
for Reconstruction and Development from 2001 to 2005. Ms. Doyle also serves as the Vice Chair and Lead Independent Director
of the Board of Credit Suisse Group and has previously been a Board member of QinetiQ plc and Rexam PLC. She is a former
member of advisory panels for Macquarie European Infrastructure Fund and Macquarie Russia and CIS Infrastructure Fund and
has served as the Chair of the Budapest Bank Supervisory Board. Ms. Doyle has been with Newmont since 2005 and previously
served as Newmont’s independent Vice Chair of the Board of Directors and the Chair of Newmont’s Audit Committee..
Greg Boyce
Mr. Boyce brings extensive operations and global mining experience to Newmont’s Board. Mr. Boyce currently serves as
Executive Chairman of Peabody Energy. He joined Peabody in 2003 as Chief Operating Officer, and assumed responsibility for
the company as Chief Executive Officer from 2006-2015. His previous leadership roles also include Chief Executive Officer,
Energy for Rio Tinto; President and Chief Executive Officer of Kennecott Energy Company; and President of Kennecott Minerals
Company. Mr. Boyce holds a Bachelor of Science degree in mining engineering from the University of Arizona and an Advanced
Management Program degree from Harvard University’s Graduate School of Business. Mr. Boyce serves as the Chairman of the
Coal Industry Advisory Board of the International Energy Agency and is a former Chairman of the National Mining Association. He
serves on the Board of Directors of the U.S.-China Business Council, and is a member of The Business Council, Business
Roundtable and the National Coal Council. Mr. Boyce is a member of the Boards of Directors of Marathon Oil Corporation and of
Monsanto Company.
Bruce Brook
Bruce R. Brook currently serves as Chairman for Programmed Group and as a Director for CSL Limited. He served as a Director
of Boart Longyear from 2007 to 2015. He served as Chief Financial Officer of WMC Resources Limited from 2002 to 2005, and
has held key executive roles including Deputy CFO of ANZ Banking Group Limited, Group Chief Accountant of Pacific Dunlop
Limited, and General Manager, Group Accounting positions at CRA Limited and Pasminco Limited. Mr. Brook formerly served as a
Director and Chairman of the Audit Committees of Lihir Gold Limited, Consolidated Minerals Limited and Energy Developments
Limited. In addition, Mr. Brook retired in 2012 after six years of services as a member of the Financial Reporting Council in
Australia and in 2013 was appointed to the Director Advisory Panel of the Australian Securities Investments Commission, the
Australian Corporate Regulator. Mr. Brook has been with Newmont since 2011 and currently serves as Chair of Newmont’s Audit
Committee.
J. Kofi Bucknor
J. Kofi Bucknor is the Chief Executive Officer of J. Kofi Bucknor & Associates, a Ghanaian corporate finance advisory and
propriety investing firm established in 2000. He currently serves on the boards of ARM (Nigeria) and Saham Assurances Limited
(Morocco) and Consolidated Infrastructure Group (South Africa). Mr. Bucknor is the former Chairman of Ghana’s Investment
Advisory Committee, which advises on the management of part of the country’s oil revenues. Mr. Bucknor formerly served as a
Director of Chirano Gold Mines, Ashanti Goldfields Corporation, National Investment Bank (Ghana) and Ecobank Transnational
Corporation. He was a member of the International Advisory Board of Normandy Mining Corporation (Australia). Mr. Bucknor is
also a former Chairman of the Ghana Stock Exchange.
Vincent Calarco
Vincent A. Calarco is the former Chairman, President and Chief Executive Officer of Crompton Corporation, a specialty chemical
company. He is a current director and chairman of the Audit Committee of Consolidated Edison and a former director of CPG
International Inc. and Asarco Corporation. Mr. Calarco served as Newmont’s independent Chairman of the Board from 2008
through the 2016 Annual Meeting of Stockholders.
Joseph A. Carrabba
Joseph A. Carrabba is the retired Chairman, President and Chief Executive Officer of Cliffs Natural Resources (formerly
Cleveland-Cliffs Inc.). Prior to joining Cleveland-Cliffs in 2005, Mr. Carrabba held various senior operating positions with Rio Tinto
PLC, including President and Chief Operating Officer of Diavik Diamond Mines. Mr. Carrabba is a Director of KeyCorp, Aecon,
TimkenSteel and NioCorp Developments Ltd. (a TSX:V listed company).
Veronica Hagen
Veronica Hagen is the former President and Chief Executive Officer of Polymer Group, Inc. Ms. Hagen was President and CEO of
Sappi Fine Paper North America from 2004 to 2007. Prior to working for Sappi, she served in various executive roles with Alcoa
and with Alumax before its acquisition by Alcoa. She currently serves as Lead Director for Southern Company and on the Board of
Directors of American Water Works Company, Inc. She is a former director of Jacuzzi Brands, Inc.
Sheri Hickok
Sheri E. Hickok brings significant engineering and technology experience, including autonomous vehicle and renewable energy
development, to Newmont’s Board. She is currently General Manager – Global Product Development, Onshore Wind at GE
Renewable Energy where she leads GE’s largest renewable energy portfolio. Prior to this role, Ms. Hickok served in several senior
leadership roles at General Motors (GM) over her 22-year tenure, most recently as Executive Chief Engineer – Autonomous
Partnerships and Fleets, where she led development of GM’s first autonomous vehicle fleet. Other leadership roles included Chief
Engineer, Next Generation Full-Size Trucks; Executive Director, Global Supplier Quality & Development; and Chief Engineer on
the Buick LaCrosse and Cadillac XTS. Ms. Hickok has been recognized as an industry leader by Motor Trend, Automotive News
and Fortune magazines, and is a member of the World Economic Forum Young Global Leaders. She holds a Bachelor’s degree in
Mechanical Engineering from Kettering University, a Master’s degree in Engineering from Purdue University, and Master’s degree
in Business Administration from the University of Michigan.
Jane Nelson
Jane Nelson is the founding Director of the Harvard Kennedy School’s Corporate Social Responsibility Initiative. Ms. Nelson is also
a nonresident senior fellow at the Brookings Institution and a former senior associate of Cambridge University’s Programme for
Sustainability Leadership. She serves on ExxonMobil’s External Citizenship Advisory Panel; GE’s Sustainability Advisory Council
and on the Independent Advisory Panel, International Council on Mining and Metals Resource Endowment initiative. Ms. Nelson is
a former external adviser to World Bank Group on social impacts in mining, oil and gas sector. Ms. Nelson also worked for the
Business Council for Sustainable Development in Africa, for FUNDES in Latin America and as a Vice President at Citibank working
in Asia, Europe and the Middle East.
Julio Quintana
Julio Quintana formerly served as President and Chief Executive Officer of Tesco Corporation, which supplies oilfield drilling
technology, services and equipment, and prior to that served as Tesco’s Chief Operating Officer. He served in various executive
roles for Schlumberger Technology Corporation, including Vice President of Integrated Project Management, Vice President of
Exploitation and Vice President of Marketing. Mr. Quintana spent nearly 20 years in the oil and gas exploration and production
business in various operational roles for Unocal Corporation. Mr. Quintana currently serves on the Board of SM Energy and
previously was a member of the Board of Tesco Corporation.
Molly Zhang
Dr. Molly P. Zhang brings extensive multinational experience to Newmont’s Board from the mining services, chemical and
industrial sectors. She currently serves as a director of Cooper Standard Automotive and XG Sciences as a supervisory board
member at GEA Group in Germany. Dr. Zhang’s experience includes several senior executive roles for Orica until her retirement in
2016, including as Vice President, Asset Management; Vice President, Initiation Systems and Packaged Emulsions Manufacture;
Manufacturing Executive, Mining Systems; and General Manager, Global Manufacturing and Supply Chain for Orica’s mining
services business. Prior to her tenure at Orica, Dr. Zhang held diverse executive positions at The Dow Chemical Company,
including Managing Director, SCG-Dow Group; Country General Manager, Dow Thailand; Business Vice President for Dow
Technology Licensing and Catalyst Business; Regional Manufacturing Director, Asia Pacific; and Global Technology Director. Dr.
Zhang has been profiled for her successful business leadership in several international news publications. Born and raised in
Shanghai, Dr. Zhang has worked in Germany, China, the U.S., Thailand and Singapore. She holds a Master of Science degree in
Chemistry and a Ph.D.in Chemical Engineering from Technical University of Clasthal, Germany.
Appendix C: Reserves & Resources
Attributable Gold Reserves, U.S. Units
(1)
Attributable Proven, Probable, and Combined Gold Reserves , U.S. Units
December 31, 2016 December 31, 2015
Metallurgical
(3)
Proven Reserves Probable Reserves Proven and Probable Reserves Recovery Proven + Probable Reserves
(2) (3) (2) (3) (2) (3)
Deposits/Districts by Reporting Unit Newmont Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Tonnage(2) Grade Gold(3)
Share(23) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs)
North America
(4)
Carlin Open Pits 100% 67,900 0.058 3,960 187,400 0.024 4,540 255,300 0.033 8,500 63% 258,300 0.036 9,350
Carlin Stockpiles (5) 100% 21,200 0.063 1,330 - - - 21,200 0.063 1,330 81% 22,800 0.059 1,330
Carlin Underground (6) 100% 12,000 0.299 3,580 6,600 0.240 1,590 18,600 0.278 5,170 85% 23,000 0.266 6,100
Total Carlin, Nevada 101,100 0.088 8,870 194,000 0.032 6,130 295,100 0.051 15,000 72% 304,100 0.055 16,780
Phoenix (7) 100% 4,800 0.025 120 251,800 0.017 4,220 256,600 0.017 4,340 76% 291,500 0.017 5,100
Lone Tree (8) 100% 2,600 0.007 20 1,200 0.020 20 3,800 0.011 40 57% 3,700 0.007 30
Total Phoenix, Nevada 7,400 0.019 140 253,000 0.017 4,240 260,400 0.017 4,380 76% 295,200 0.017 5,130
Turquoise Ridge (9) 25% 1,500 0.453 710 1,400 0.458 630 2,900 0.455 1,340 92% 3,100 0.446 1,400
Twin Creeks (10) 100% 3,700 0.046 180 26,200 0.054 1,410 29,900 0.053 1,590 77% 32,100 0.054 1,740
Twin Creeks Stockpiles (5) 100% 32,000 0.063 2,000 - - - 32,000 0.063 2,000 74% 35,600 0.064 2,280
Total Twin Creeks, Nevada 37,200 0.078 2,890 27,600 0.074 2,040 64,800 0.076 4,930 80% 70,800 0.077 5,420
Long Canyon, Nevada (11) 100% - - - 19,200 0.061 1,170 19,200 0.061 1,170 76% 18,000 0.067 1,200
CC&V (12) 100% 72,500 0.022 1,560 17,900 0.017 310 90,400 0.021 1,870 62% 100,800 0.024 2,440
CC&V Leach Pad (13) 100% - - - 48,500 0.025 1,210 48,500 0.025 1,210 57% 46,000 0.025 1,160
CC&V Stockpiles (5) 100% 2,800 0.112 310 - - - 2,800 0.112 310 70% 2,700 0.084 230
Total CC&V, Colorado 75,300 0.025 1,870 66,400 0.023 1,520 141,700 0.024 3,390 61% 149,500 0.026 3,830
TOTAL NORTH AMERICA 221,000 0.062 13,770 560,200 0.027 15,100 781,200 0.037 28,870 73% 837,600 0.039 32,360
South America
Yanacocha Open Pits (14) 51.35% 17,900 0.018 310 81,400 0.018 1,500 99,300 0.018 1,810 69% 113,200 0.017 1,940
Yanacocha Leach Pad (13) 51.35% 8,600 0.020 170 - - - 8,600 0.020 170 67% 12,600 0.019 240
Yanacocha Stockpiles (5) 51.35% 5,800 0.044 260 - - - 5,800 0.044 260 63% 7,800 0.052 410
Total Yanacocha, Peru 32,300 0.023 740 81,400 0.018 1,500 113,700 0.020 2,240 69% 133,600 0.019 2,590
Merian, Suriname (15) 75% - - - 116,800 0.037 4,290 116,800 0.037 4,290 93% 110,600 0.035 3,840
TOTAL SOUTH AMERICA 32,300 0.023 740 198,200 0.029 5,790 230,500 0.028 6,530 85% 244,200 0.026 6,430
Asia Pacific
Boddington Open Pit (16) 100% 226,400 0.022 5,020 241,200 0.022 5,280 467,600 0.022 10,300 84% 511,700 0.020 10,450
Boddington Stockpiles (5) 100% 15,800 0.016 250 83,800 0.013 1,090 99,600 0.013 1,340 77% 93,400 0.014 1,280
Total Boddington, Western Australia 242,200 0.022 5,270 325,000 0.020 6,370 567,200 0.021 11,640 83% 605,100 0.019 11,730
Tanami, Northern Territory (17) 100% 6,300 0.153 960 19,300 0.182 3,520 25,600 0.175 4,480 96% 20,500 0.168 3,460
Kalgoorlie Open Pit and Underground
(18)
50% 9,800 0.060 580 30,400 0.064 1,950 40,200 0.063 2,530 84% 45,200 0.059 2,650
Kalgoorlie Stockpiles (5) 50% 70,100 0.023 1,610 - - - 70,100 0.023 1,610 76% 66,000 0.023 1,500
Total Kalgoorlie, Western Australia 79,900 0.027 2,190 30,400 0.064 1,950 110,300 0.038 4,140 81% 111,200 0.037 4,150
TOTAL ASIA PACIFIC 328,400 0.026 8,420 374,700 0.032 11,840 703,100 0.029 20,260 86% 736,800 0.026 19,340
Africa
Ahafo South Open Pits (19) 100% 13,900 0.066 920 50,600 0.051 2,580 64,500 0.054 3,500 90% 72,800 0.054 3,950
Ahafo Underground (20) 100% - - - 11,700 0.131 1,530 11,700 0.131 1,530 94% 9,300 0.143 1,330
Ahafo Stockpiles (5) 100% 42,000 0.028 1,190 - - - 42,000 0.028 1,190 87% 44,800 0.030 1,360
Total Ahafo South, Ghana 55,900 0.038 2,110 62,300 0.066 4,110 118,200 0.053 6,220 90% 126,900 0.052 6,640
Ahafo North, Ghana (21) 100% - - - 47,900 0.069 3,330 47,900 0.069 3,330 91% 36,900 0.071 2,620
Akyem Open Pit (22) 100% 17,200 0.049 840 43,500 0.047 2,040 60,700 0.047 2,880 89% 67,100 0.049 3,260
Akyem Stockpiles (5) 100% 10,800 0.035 370 - - - 10,800 0.035 370 89% 10,000 0.040 400
Total, Akyem, Ghana 28,000 0.043 1,210 43,500 0.047 2,040 71,500 0.045 3,250 89% 77,100 0.048 3,660
TOTAL AFRICA 83,900 0.040 3,320 153,700 0.062 9,480 237,600 0.054 12,800 90% 240,900 0.054 12,920
TOTAL NEWMONT CONTINUING
OPERATIONS 665,600 0.039 26,250 1,286,800 0.033 42,210 1,952,400 0.035 68,460 81% 2,059,500 0.035 71,050
Batu Hijau Open Pit (23) 48.5% - - - - - - - - - 0% 134,500 0.015 2,030
Batu Hijau Stockpiles (5)(23) 48.5% - - - - - - - - - 0% 184,800 0.003 640
TOTAL NEWMONT WORLDWIDE 665,600 0.039 26,250 1,286,800 0.033 42,210 1,952,400 0.035 68,460 81% 2,378,800 0.031 73,720
See Footnotes on next slide
Attributable Gold Reserves, U.S. Units (continued)
1) See cautionary statement regarding reserves and resources on page 10 hereof. 2016 reserves were calculated at a gold price of $1,200 or A$1,600 per ounce unless
otherwise noted. 2015 reserves were calculated at a gold price of $1,200 or A$1,500 per ounce unless otherwise noted.
2) Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest 100,000.
3) Ounces are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated
amount of metal to be recovered through metallurgical extraction processes. Ounces are rounded to the nearest 10,000.
4) Cut-off grades utilized in 2016 reserves were as follows: oxide leach material not less than 0.006 ounce per ton; oxide mill material not less than 0.015 ounce per ton;
flotation material not less than 0.016 ounce per ton; and refractory mill material not less than 0.080 ounce per ton.
5) 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. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.
6) Cut-off grade utilized in 2016 reserves not less than 0.044 ounce per ton.
7) Gold cut-off grade varies with level of copper and silver credits.
9) Reserve estimates provided by Barrick, the operator of the Turquoise Ridge joint venture.
10) Cut-off grades utilized in 2016 reserves were as follows: oxide leach material not less than 0.006 ounce per ton; oxide mill material not less than 0.015 ounce per ton; and
refractory mill material not less than 0.034 ounce per ton.
12) Cut-off grades utilized in 2016 reserves were as follows: oxide mill material not less than 0.050 ounce per ton and leach material not less than 0.005 ounce per ton.
13) Leach pad material is the material on leach pads at the end of the year from which gold remains to be recovered. In-process reserves are reported separately where
ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.
14) Cut-off grades utilized in 2016 reserves were as follows: oxide leach material not less than 0.003 ounce per ton; and oxide mill material not less than 0.013 ounce per ton.
15) Gold cut-off grades utilized in 2016 reserves not less than 0.011 ounce per ton.
16) Gold cut-off grade varies with level of copper credits.
18) Cut-off grade utilized in 2016 insitu reserves not less than 0.026 ounce per ton.
20) Project is partially developed with ongoing studies being completed prior to a full-development decision. Cut-off grade utilized in 2016 reserves not less than 0.090 ounce
per ton.
21) Includes undeveloped reserves at six pits in the Ahafo trend totaling 3.3 million ounces. Cut-off grade utilized in 2016 reserves not less than 0.014 ounce per ton.
23) Newmont divested its interest in the Batu Hijau mine on November 2, 2016. As such, Newmont share percentage was zero as of December 31, 2016. The percentage
figure above for Batu Hijau represent Newmont interest as of December 31, 2015 of 48.5%.
24) Newmont share percentage reflects Newmont’s economic interest as of December 31, 2016 (other than Batu Hijau; see note 23 above).
Attributable Gold Reserves, Metric Units
(1)
Attributable Proven, Probable, and Combined Gold Reserves , Metric Units
Metallurgical
Proven Reserves Probable Reserves Proven and Probable Reserves Recovery(3) Proven + Probable Reserves
Deposits/Districts by Reporting
(2) (3) (2) (3) (2) (3) (2) (3)
Unit Newmont Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold
(23)
Share (x1000 tonnes) (g/tonne) (x1000 ozs)(x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs)
North America
Carlin Open Pits 100% 61,600 2.00 3,960 170,000 0.83 4,540 231,600 1.14 8,500 63% 234,300 1.24 9,350
Carlin Stockpiles (5) 100% 19,200 2.14 1,330 - - - 19,200 2.14 1,330 81% 20,700 2.01 1,330
Carlin Underground 100% 10,900 10.25 3,580 6,000 8.24 1,590 16,900 9.53 5,170 85% 20,800 9.10 6,100
Total Carlin, Nevada 91,700 3.01 8,870 176,000 1.08 6,130 267,700 1.74 15,000 72% 275,800 1.89 16,780
Phoenix 100% 4,400 0.86 120 228,400 0.57 4,220 232,800 0.58 4,340 76% 262,600 0.60 5,060
Lone Tree 100% 2,300 0.25 20 1,100 0.68 20 3,400 0.39 40 57% 5,100 0.38 70
Total Phoenix, Nevada 6,700 0.65 140 229,500 0.57 4,240 236,200 0.58 4,380 76% 267,700 0.60 5,130
Turquoise Ridge (9) 25% 1,500 15.55 710 1,200 15.70 630 2,700 15.62 1,340 92% 2,900 15.31 1,400
Twin Creeks 100% 3,300 1.57 180 23,800 1.85 1,410 27,100 1.82 1,590 77% 29,000 1.86 1,740
Twin Creeks Stockpiles (5) 100% 29,000 2.15 2,000 - - - 29,000 2.15 2,000 74% 32,300 2.19 2,280
Total Twin Creeks, Nevada 33,800 2.66 2,890 25,000 2.54 2,040 58,800 2.61 4,930 80% 64,200 2.62 5,420
Long Canyon, Nevada 100% - - - 17,500 2.09 1,170 17,500 2.09 1,170 76% 16,300 2.28 1,200
CC&V 100% 65,700 0.74 1,560 16,300 0.58 310 82,000 0.71 1,870 62% 91,500 0.83 2,440
(5)
CC&V Stockpiles 100% 2,500 3.83 310 - - - 2,500 3.83 310 70% 2,500 2.88 230
(13)
CC&V Leach Pad 100% - - - 44,000 0.86 1,210 44,000 0.86 1,210 57% 41,700 0.86 1,160
Total CC&V, Colorado 68,200 0.85 1,870 60,300 0.78 1,520 128,500 0.82 3,390 61% 135,700 0.88 3,830
TOTAL NORTH AMERICA 200,400 2.14 13,770 508,300 0.92 15,100 708,700 1.27 28,870 73% 759,700 1.32 32,360
South America
Yanacocha Open Pits 51.35% 16,200 0.60 310 73,800 0.63 1,500 90,000 0.63 1,810 69% 102,700 0.59 1,940
Yanacocha Stockpiles (5) 51.35% 5,300 1.52 260 - - - 5,300 1.52 260 63% 7,100 1.79 410
Yanacocha Leach Pad (13) 51.35% 7,800 0.68 170 - - - 7,800 0.68 170 67% 11,400 0.66 240
Total Yanacocha, Peru 29,300 0.79 740 73,800 0.63 1,500 103,100 0.68 2,240 69% 121,200 0.67 2,590
Merian, Suriname 75% - - - 106,000 1.26 4,290 106,000 1.26 4,290 93% 100,300 1.19 3,840
TOTAL SOUTH AMERICA 29,300 0.79 740 179,800 1.00 5,790 209,100 0.97 6,530 85% 221,500 0.90 6,430
Asia Pacific
Boddington Open Pit 100% 205,400 0.76 5,020 218,800 0.75 5,280 424,200 0.76 10,300 84% 464,300 0.70 10,450
(5)
Boddington Stockpiles 100% 14,400 0.55 250 76,000 0.44 1,090 90,400 0.46 1,340 77% 84,800 0.47 1,280
Total Boddington, Western
Australia 219,800 0.75 5,270 294,800 0.67 6,370 514,600 0.70 11,640 83% 549,100 0.66 11,730
Tanami, Northern Territory 100% 5,700 5.26 960 17,500 6.23 3,520 23,200 6.00 4,480 96% 18,700 5.76 3,460
Kalgoorlie Open Pit and
Underground 50% 8,900 2.04 580 27,600 2.19 1,950 36,500 2.16 2,530 84% 41,000 2.01 2,650
Kalgoorlie Stockpiles (5) 50% 63,600 0.79 1,610 - - - 63,600 0.79 1,610 76% 59,900 0.78 1,500
Total Kalgoorlie, Western
Australia 72,500 0.94 2,190 27,600 2.19 1,950 100,100 1.29 4,140 81% 100,900 1.28 4,150
TOTAL ASIA PACIFIC 298,000 0.88 8,420 339,900 1.08 11,840 637,900 0.99 20,260 86% 668,700 0.90 19,340
Africa
Ahafo South Open Pits 100% 12,600 2.25 920 45,900 1.75 2,580 58,500 1.86 3,500 90% 66,100 1.86 3,950
Ahafo Underground 100% - - - 10,600 4.50 1,530 10,600 4.50 1,530 94% 8,500 4.89 1,330
(5)
Ahafo Stockpiles 100% 38,100 0.97 1,190 - - - 38,100 0.97 1,190 87% 40,600 1.04 1,360
Total Ahafo South, Ghana 50,700 1.29 2,110 56,500 2.27 4,110 107,200 1.80 6,220 90% 115,200 1.79 6,640
Ahafo North, Ghana 100% - - - 43,500 2.38 3,330 43,500 2.38 3,330 91% 33,500 2.44 2,620
Akyem Open Pit 100% 15,600 1.68 840 39,400 1.61 2,040 55,000 1.63 2,880 89% 60,800 1.67 3,260
(5)
Akyem Stockpiles 100% 9,800 1.19 370 - - - 9,800 1.19 370 89% 9,100 1.39 400
Total, Akyem, Ghana 25,400 1.49 1,210 39,400 1.61 2,040 64,800 1.56 3,250 89% 69,900 1.63 3,660
TOTAL AFRICA 76,100 1.36 3,320 139,400 2.12 9,480 215,500 1.85 12,800 90% 218,600 1.84 12,920
OPERATIONS 603,800 1.35 26,250 1,167,400 1.12 42,210 1,771,200 1.20 68,460 81% 1,868,500 1.18 71,050
Batu Hijau Open Pit (23) 48.5% - - - - - - - - - 0% 122,100 0.52 2,030
Batu Hijau Stockpiles (5)(23) 48.5% - - - - - - - - - 0% 167,700 0.12 640
TOTAL NEWMONT WORLDWIDE 603,800 1.35 26,250 1,167,400 1.12 42,210 1,771,200 1.20 68,460 81% 2,158,300 1.06 73,720
See Footnotes under Gold Reserves U.S. units table. Note that cut off grades in such footnotes are represented in U.S. units
Attributable Gold Mineral Resources, U.S. Units
Attributable Gold Mineral Resources(1)(2) - December 31, 2016, U.S. Units
Gold Measured Resource Gold Indicated Resource Gold Measured + Indicated Resource(3) Gold Inferred Resource
Deposits/Districts Newmont Share Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au
(x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs)
North America
Carlin Trend Open Pit 100% 33,800 0.049 1,670 66,500 0.029 1,950 100,300 0.036 3,620 13,900 0.027 380
Carlin Trend Underground 100% 900 0.201 180 2,300 0.231 540 3,200 0.223 720 3,300 0.235 780
Total Carlin, Nevada 34,700 0.053 1,850 68,800 0.036 2,490 103,500 0.042 4,340 17,200 0.067 1,160
Phoenix 100% 700 0.015 10 177,400 0.014 2,410 178,100 0.014 2,420 58,500 0.012 680
Phoenix Stockpiles (4) 100% - - - - - - - - - 2,300 0.043 100
Lone Tree Complex 100% - - - - - - - - - - - -
Buffalo Valley 70% - - - 15,500 0.019 290 15,500 0.019 290 400 0.011 -
Total Phoenix, Nevada 700 0.015 10 192,900 0.014 2,700 193,600 0.014 2,710 61,200 0.013 780
Twin Creeks 100% 1,100 0.072 80 30,500 0.062 1,890 31,600 0.062 1,970 16,700 0.043 720
Twin Creeks Stockpiles (4) 100% 7,700 0.059 460 - - - 7,700 0.059 460 - - -
Sandman 100% - - - 1,300 0.036 50 1,300 0.036 50 1,100 0.054 60
(5)
Turquoise Ridge 25% 900 0.479 420 500 0.435 220 1,400 0.463 640 500 0.487 230
Total Twin Creeks, Nevada 9,700 0.098 960 32,300 0.067 2,160 42,000 0.074 3,120 18,300 0.056 1,010
Long Canyon, Nevada 100% 600 0.112 60 15,400 0.102 1,580 16,000 0.103 1,640 7,100 0.054 380
CC&V, Colorado 100% 84,000 0.018 1,470 43,200 0.016 710 127,200 0.017 2,180 23,700 0.015 350
TOTAL NORTH AMERICA 129,700 0.034 4,350 352,600 0.027 9,640 482,300 0.029 13,990 127,500 0.029 3,680
South America
Conga, Peru 51.35% - - - 392,700 0.019 7,490 392,700 0.019 7,490 130,500 0.011 1,480
Yanacocha, Peru 51.35% 6,300 0.013 80 64,800 0.025 1,620 71,100 0.024 1,700 99,000 0.030 3,000
Merian, Suriname 75% 1,500 0.039 60 19,800 0.032 630 21,300 0.032 690 40,400 0.032 1,300
TOTAL SOUTH AMERICA 7,800 0.018 140 477,300 0.020 9,740 485,100 0.020 9,880 269,900 0.021 5,780
Asia Pacific
Boddington, Western Australia 100% 119,700 0.014 1,690 270,700 0.015 4,140 390,400 0.015 5,830 8,300 0.017 140
Tanami, Northern Territory 100% - 0.039 - 2,800 0.161 460 2,800 0.161 460 3,500 0.171 610
Kalgoorlie, Western Australia 50% 3,500 0.020 70 12,100 0.028 330 15,600 0.026 400 600 0.072 40
TOTAL ASIA PACIFIC 123,200 0.014 1,760 285,600 0.017 4,930 408,800 0.016 6,690 12,400 0.064 790
Africa
Ahafo 100% 1,200 0.017 20 32,200 0.035 1,140 33,400 0.035 1,160 16,900 0.047 790
Ahafo Underground 100% - - - 8,600 0.124 1,070 8,600 0.124 1,070 13,900 0.114 1,580
Total Ahafo, Ghana 1,200 0.017 20 40,800 0.054 2,210 42,000 0.053 2,230 30,800 0.077 2,370
Ahafo North, Ghana 100% 2,600 0.034 90 7,800 0.050 390 10,400 0.046 480 11,100 0.052 570
Akyem, Ghana 100% 1,100 0.047 50 9,200 0.033 300 10,300 0.034 350 18,100 0.044 810
TOTAL AFRICA 4,900 0.032 160 57,800 0.050 2,900 62,700 0.049 3,060 60,000 0.062 3,750
TOTAL NEWMONT WORLDWIDE 265,600 0.024 6,410 1,173,300 0.023 27,210 1,438,900 0.023 33,620 469,800 0.030 14,000
1) Resources are reported exclusive of reserves.

2) Resources are calculated at a gold price of $1,400 or A$1,750 per ounce for 2016 and $1,400 or A$1,650 per ounce for 2015. Tonnage amounts have
been rounded to the nearest 100,000, and ounces have been rounded to the nearest 10,000.
3) (Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s 10-K filing.
4) Stockpiles are comprised primarily of mineralized material that has been set aside during mining activities. Stockpiles can increase or decrease
depending on changes in metal prices and other mining and processing cost and recovery factors. Stockpile reserves are reported separately where
tonnage exceeds 100,000 and is greater than 5% of the total site-reported resources.
5) Resource estimates provided by Barrick, the operator of the Turquoise Ridge Joint Venture.
Attributable Gold Mineral Resources, Metric Units
Attributable Gold Mineral Resources(1)(2) - December 31, 2016, Metric units
Gold Measured Resource Gold Indicated Resource Gold Measured + Indicated Resource(3) Gold Inferred Resource
Deposits/Districts Newmont Share Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au
(x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes)(g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes)(g/tonne) (x1000 ozs)
North America
Carlin Trend Open Pit 100% 30,700 1.69 1,670 60,300 1.01 1,950 91,000 1.24 3,620 12,600 0.93 380
Carlin Trend Underground 100% 800 6.90 180 2,100 7.93 540 2,900 7.64 720 3,000 8.05 780
Total Carlin, Nevada 31,500 1.82 1,850 62,400 1.24 2,490 93,900 1.44 4,340 15,600 2.29 1,160
Phoenix 100% 700 0.52 10 160,900 0.47 2,410 161,600 0.47 2,420 53,000 0.39 680
Phoenix Stockpiles (4) 100% - - - - - - - - - 2,100 1.48 100
Lone Tree Complex 100% - - - - - - - - - - - -
Buffalo Valley 70% - - - 14,100 0.65 290 14,100 0.65 290 400 0.38 -
Total Phoenix, Nevada 700 0.52 10 175,000 0.48 2,700 175,700 0.48 2,710 55,500 0.44 780
Twin Creeks 100% 1,000 2.48 80 27,600 2.12 1,890 28,600 2.14 1,970 15,100 1.49 720
Twin Creeks Stockpiles (4) 100% 7,000 2.02 460 - - - 7,000 2.02 460 - - -
Sandman 100% - - - 1,200 1.23 50 1,200 1.23 50 1,000 1.85 60
(5)
Turquoise Ridge 25% 800 16.43 420 500 14.90 220 1,300 15.86 640 400 16.68 230
Total Twin Creeks, Nevada 8,800 3.37 960 29,300 2.29 2,160 38,100 2.54 3,120 16,500 1.91 1,010
Long Canyon, Nevada 100% 500 3.84 60 14,000 3.50 1,580 14,500 3.52 1,640 6,400 1.86 380
CC&V,Colorado 100% 76,100 0.60 1,470 39,200 0.56 710 115,300 0.59 2,180 21,600 0.50 350
TOTAL NORTH AMERICA 117,600 1.15 4,350 319,900 0.94 9,640 437,500 0.99 13,990 115,600 0.99 3,680
South America
Conga, Peru 51.35% - - - 356,300 0.65 7,490 356,300 0.65 7,490 118,400 0.39 1,480
Yanacocha, Peru 51.35% 5,700 0.45 80 58,800 0.86 1,620 64,500 0.82 1,700 89,800 1.04 3,000
Merian, Suriname 75% 1,400 1.34 60 17,900 1.09 630 19,300 1.11 690 36,700 1.10 1,300
TOTAL SOUTH AMERICA 7,100 0.62 140 433,000 0.70 9,740 440,100 0.70 9,880 244,900 0.73 5,780
Asia Pacific
Boddington, Western Australia 100% 108,700 0.48 1,690 245,500 0.53 4,140 354,200 0.51 5,830 7,500 0.58 140
Tanami, Northern Territory 100% - 1.32 - 2,600 5.53 460 2,600 5.53 460 3,200 5.85 610
Kalgoorlie, Western Australia 50% 3,100 0.67 70 11,000 0.95 330 14,100 0.89 400 600 2.47 40
TOTAL ASIA PACIFIC 111,800 0.49 1,760 259,100 0.59 4,930 370,900 0.56 6,690 11,300 2.18 790
Africa
Ahafo 100% 1,200 0.59 20 29,200 1.22 1,140 30,400 1.19 1,160 15,300 1.60 790
Ahafo Underground 100% - - - 7,800 4.26 1,070 7,800 4.26 1,070 12,600 3.90 1,580
Total Ahafo, Ghana 1,200 0.59 20 37,000 1.86 2,210 38,200 1.82 2,230 27,900 2.64 2,370
Ahafo North, Ghana 100% 2,300 1.16 90 7,100 1.73 390 9,400 1.59 480 10,000 1.78 570
Akyem, Ghana 100% 1,000 1.61 50 8,300 1.12 300 9,300 1.17 350 16,500 1.52 810
TOTAL AFRICA 4,500 1.11 160 52,400 1.72 2,900 56,900 1.68 3,060 54,400 2.14 3,750
TOTAL NEWMONT WORLDWIDE 241,000 0.83 6,410 1,064,400 0.80 27,210 1,305,400 0.80 33,620 426,200 1.02 14,000
See footnotes in Gold Resources U.S. units table.
Attributable Copper Reserves, U.S. Units
Attributable Copper Reserves(1) U.S. Units
Proven Reserves Probable Reserves Proven + Probable Reserves Proven + Probable Reserve
Deposits/Districts Newmont Share Tonnage (2) Grade Copper (3) Tonnage (2) Grade Copper (3) Tonnage (2) Grade Copper (3) Metallurgical Tonnage (2) Grade Copper (3)
(x1000 tons) (Cu%) (million pounds)(x1000 tons) (Cu%) (million pounds) (x1000 tons) (Cu%) (million pounds) Recovery (3) (x1000 tons) (Cu%) (million pounds)
North America
Phoenix, Nevada (4) 100% 19,100 0.21% 80 376,400 0.16% 1,180 395,500 0.16% 1,260 62% 527,400 0.17% 1,750
TOTAL NORTH AMERICA 19,100 0.21% 80 376,400 0.16% 1,180 395,500 0.16% 1,260 62% 527,400 0.17% 1,750
Asia Pacific
Boddington Open Pit, Western
Australia (5) 100% 226,400 0.11% 480 241,200 0.12% 580 467,600 0.11% 1,060 79% 511,700 0.11% 1,160
Boddington Stockpiles, Western
Australia(6) 100% 15,800 0.09% 30 83,800 0.08% 140 99,600 0.09% 170 72% 93,400 0.08% 150
TOTAL ASIA PACIFIC 242,200 0.10% 510 325,000 0.11% 720 567,200 0.11% 1,230 78% 605,100 0.11% 1,310
TOTAL NEWMONT
CONTINUING OPERATIONS 261,300 0.11% 590 701,400 0.14% 1,900 962,700 0.13% 2,490 70% 1,132,500 0.14% 3,060
Batu Hijau Open Pit,
Indonesia(7) 48.5% - 0.00% - - 0.00% - - 0.00% - 0% 134,500 0.50% 1,340
Batu Hijau Stockpiles,
Indonesia (6)(7) 48.5% - 0.00% - - 0.00% - - 0.00% - 0% 184,800 0.34% 1,270
TOTAL NEWMONT
WORLDWIDE 261,300 0.11% 590 701,400 0.14% 1,900 962,700 0.13% 2,490 70% 1,451,800 0.20% 5,670
1) See footnote (1) to the Gold Reserves table above. Copper reserves for 2016 were calculated at a copper price of $2.50 or A$3.35 per pound. Copper
reserves for 2015 were calculated at a copper price of $2.75 or A$3.45 per pound unless otherwise noted.
2) See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.
3) See footnote (3) to the Gold Reserves table above. Pounds are rounded to the nearest 10 million.
4) Copper cut-off grade varies with level of gold and silver credits.
5) Copper cut-off grade varies with level of gold credits.
6) 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. Stockpiles are reported separately where pounds exceed 100 million and are greater than 5% of the total site
reported reserves.
7) Newmont divested its interest in the Batu Hijau mine on November 2, 2016. As such, Newmont share percentage was zero as of December 31, 2016. The
percentage figure above for Batu Hijau represents Newmont interest as of December 31, 2015 of 48.5%.
Attributable Copper Reserves, Metric Units
Attributable Copper Reserves(1) Metric Units
Proven Reserves Probable Reserves Proven + Probable Reserves Proven + Probable Reserve
Deposits/Districts Newmont Share Tonnage (2) Grade Copper (3) Tonnage (2) Grade Copper (3) Tonnage (2) Grade Copper (3) Metallurgical Tonnage (2) Grade Copper (3)
(x1000 tonnes) (Cu%) (Tonnes) (x1000 tonnes) (Cu%) (Tonnes) (x1000 tonnes) (Cu%) (Tonnes) Recovery (x1000 tonnes) (Cu%) (Tonnes)
North America
Phoenix, Nevada 100% 17,200 0.21% 36,980 341,500 0.16% 535,480 358,700 0.16% 572,460 62% 478,400 0.17% 796,480
TOTAL NORTH AMERICA 17,200 0.21% 36,980 341,500 0.16% 535,480 358,700 0.16% 572,460 62% 478,400 0.17% 796,480
Asia Pacific
Boddington Open Pit, Western Australia 100% 205,400 0.11% 216,720 218,800 0.12% 263,710 424,200 0.11% 480,430 79% 464,300 0.11% 523,670
Boddington Stockpiles, Western
Australia(6) 100% 14,400 0.09% 12,650 76,000 0.08% 64,530 90,400 0.09% 77,180 72% 84,800 0.08% 71,380
TOTAL ASIA PACIFIC 219,800 0.10% 229,370 294,800 0.11% 328,240 514,600 0.11% 557,610 78% 549,100 0.11% 595,050
OPERATIONS 237,000 0.11% 266,350 636,300 0.14% 863,720 873,300 0.13% 1,130,070 70% 1,027,500 0.14% 1,391,530
Batu Hijau Open Pit, Indonesia (7) 48.5% - 0.00% - - 0.00% - - 0.00% - 0% 122,100 0.50% 606,500
(6)(7)
Batu Hijau Stockpiles, Indonesia 48.5% - 0.00% - - 0.00% - - 0.00% - 0% 167,700 0.34% 576,300
TOTAL NEWMONT WORLDWIDE 237,000 0.11% 266,350 636,300 0.14% 863,720 873,300 0.13% 1,130,070 70% 1,317,300 0.20% 2,574,330
See footnotes under Copper Reserves U.S. units table.
Attributable Copper Mineral Resources
Attributable Copper Mineral Resources(1)(2) U.S. Units
December 31, 2016
Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Deposits/Districts Newmont Share Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper
(x1000 tons) (Cu%) (million Pounds) (x1000 tons) (Cu%) (million Pounds) (x1000 tons) (Cu%) (million Pounds) (x1000 tons) (Cu%) (million Pounds)
North America
Phoenix, Nevada 100% 700 0.10% - 256,300 0.13% 670 257,000 0.13% 670 87,100 0.14% 250
TOTAL NORTH AMERICA 700 0.10% - 256,300 0.13% 670 257,000 0.13% 670 87,100 0.14% 250
South America
Conga, Peru 51.35% - 0.00% - 392,700 0.26% 2,040 392,700 0.26% 2,040 130,500 0.19% 480
Yanacocha, Peru 51.35% - 0.00% - 57,000 0.67% 760 57,000 0.67% 760 5,700 0.35% 40
TOTAL SOUTH AMERICA - 0.00% - 449,700 0.31% 2,800 449,700 0.31% 2,800 136,200 0.19% 520
Asia Pacific
Boddington, Western Australia 100% 119,700 0.09% 220 270,700 0.11% 590 390,400 0.10% 810 8,300 0.10% 20
TOTAL ASIA PACIFIC 119,700 0.09% 220 270,700 0.11% 590 390,400 0.10% 810 8,300 0.10% 20
TOTAL NEWMONT WORLDWIDE 120,400 0.09% 220 976,700 0.21% 4,060 1,097,100 0.19% 4,280 231,600 0.17% 790
1) Resources are reported exclusive of reserves. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in
Newmont’s Form 10-K filing.
2) Resources are calculated at a copper price of $3.00 or A$3.75 per pound for 2016 and at a copper price of $3.50 or A$4.15 per pound for 2015 unless
otherwise noted. Tonnage amounts have been rounded to the nearest 100,000, and pounds have been rounded to the nearest 10 million.
Attributable Copper Mineral Resources(1)(2) Metric Units

December 31, 2016
Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Deposits/Districts Newmont Share Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper
(x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes)
North America
Phoenix, Nevada 100% 600 0.10% 680 232,500 0.13% 301,880 233,100 0.13% 302,560 79,000 0.14% 112,560
TOTAL NORTH AMERICA 600 0.10% 680 232,500 0.13% 301,880 233,100 0.13% 302,560 79,000 0.14% 112,560
South America
Conga, Peru 51.35% - 0.00% - 356,300 0.26% 924,370 356,300 0.26% 924,370 118,400 0.19% 221,040
Yanacocha, Peru 51.35% - 0.00% - 51,700 0.67% 344,000 51,700 0.67% 344,000 5,200 0.35% 18,130
TOTAL SOUTH AMERICA - 0.00% - 408,000 0.31% 1,268,370 408,000 0.31% 1,268,370 123,600 0.19% 239,170
Asia Pacific
Boddington, Western Australia 100% 108,700 0.09% 100,180 245,500 0.11% 268,600 354,200 0.10% 368,780 7,500 0.10% 7,690
TOTAL ASIA PACIFIC 108,700 0.09% 100,180 245,500 0.11% 268,600 354,200 0.10% 368,780 7,500 0.10% 7,690
TOTAL NEWMONT WORLDWIDE 109,300 0.09% 100,860 886,000 0.21% 1,838,850 995,300 0.19% 1,939,710 210,100 0.17% 359,420
See footnotes under Copper Resources U.S. units table.
Endnotes
2017 Outlooka
Consolidated
All-in Consolidated
Consolidated Attributable Consolidated Sustaining Total Capital a2017 Outlook in the table are considered “forward-looking
Production Production CAS Costsb Expenditures
statements” and are based upon certain assumptions,
(Koz, Kt) (Koz, Kt) ($/oz, $/lb) ($/oz, $/lb) ($M)
North America
including, but not limited to, metal prices, oil prices, certain
Carlin 935 – 1,000 935 – 1,000 775 – 825 980 – 1,040 165 – 185 exchange rates and other assumptions. For example, 2017
Phoenixc 200 – 220 200 – 220 875 – 925 1,070 – 1,130 25 – 35 Outlook assumes $1,200/oz Au, $2.50/lb Cu, $0.75
Twin Creeks
d
370 – 400 370 – 400 560 – 610 675 – 725 45 – 55 USD/AUD exchange rate and $55/barrel WTI; AISC and
CC&V 420 – 470 420 – 470 560 – 610 680 – 730 30 – 40 CAS estimates do not include inflation, for the remainder of
Long Canyon 130 – 170 130 – 170 380 – 430 405 – 455 10 – 20 the year. Production, CAS, AISC and capital estimates
Other North America 15 – 25
exclude projects that have not yet been approved. The
Total 2,080 – 2,240 2,080 – 2,240 675 – 725 855 – 930 280 – 360
potential impact on inventory valuation as a result of lower
South America prices, input costs, and project decisions are not included
Yanacochae 530 – 560 260 – 300 945 – 995 1,200 – 1,270 35 – 55 as part of this Outlook. Such assumptions may prove to be
Merian 470 – 520 350 – 390 500 – 540 560 – 610 85 – 125 incorrect and actual results may differ materially from those
Other South America anticipated. See cautionary note on slide 3.
Total 1,000 – 1,080 630 – 690 725 – 775 965 – 1,025 120 – 175 bAll-in sustaining costs or AISC as used in the Company’s
Australia Outlook is a non-GAAP metric defined as the sum of costs

Boddington 735 – 785 735 – 785 700 – 750 820 – 870 75 – 85 applicable to sales (including all direct and indirect costs
Tanami 405 – 480 405 – 480 575 – 645 785 – 855 110 – 120 related to current production incurred to execute on the
f
Kalgoorlie 375 – 425 375 – 425 585 – 635 665 – 715 15 – 25 current mine plan), reclamation costs (including operating
Other Australia accretion and amortization of asset retirement costs), G&A,
Total 1,520 – 1,695 1,520 – 1,695 640 – 690 795 – 855 205 – 240
exploration expense, advanced projects and R&D,
Africa
treatment and refining costs, other expense, net of one-
Ahafo 315 – 345 315 – 345 820 – 875 965 – 1,045 150 – 185 time adjustments and sustaining capital. See reconciliation
Akyem 455 – 485 455 – 485 535 – 575 655 – 705 30 – 40 on slide 134.
Other Africa cIncludes Lone Tree operations.
Total 775 – 835 775 – 835 655 – 705 830 – 880 180 – 220 dIncludes TRJV operations.
eConsolidated production for Yanacocha and Merian is
Corporate/Other 15 – 20
Total Gold
g
5,400 – 5,800 5,000 – 5,400 675 – 715 900 – 950 890 – 990
presented on a total production basis for the mine site;
attributable production represents a 51.35% interest for
Phoenix 10 – 20 10 – 20 1.75 – 1.95 2.20 – 2.40 Yanacocha and a 75% interest for Merian.
fBoth consolidated and attributable production are shown
Boddington 30 – 40 30 – 40 1.30 – 1.50 1.60 – 1.80
Total Copper 40 – 60 40 – 60 1.45 – 1.65 1.85 – 2.05 on a pro-rata basis with a 50% ownership for Kalgoorlie.
gProduction outlook does not include equity production from
h
Consolidated Expense Outlook stakes in TMAC (28.8%) or La Zanja (46.94%).
General & Administrative $ 215 – $ 240 hConsolidated expense outlook is adjusted to exclude
Interest Expense $ 210 – $ 250
Depreciation and Amortization $ 1,225 – $ 1,325
extraordinary items. For example, the tax rate outlook
Advanced Projects & Exploration $ 325 – $ 375 above is a consolidated adjusted rate, which assumes the
Sustaining Capital $ 575 – $ 675 exclusion of certain tax valuation allowance adjustments.
Tax Rate 28% – 34%
2018 Outlooka
Consolidated
All-in Consolidated
Consolidated Attributable Consolidated Sustaining Total Capital a2018
Production Production CAS Costs b Expenditures
Outlook in the table are considered “forward-looking
(Koz, Kt) (Koz, Kt) ($/oz, $/lb) ($/oz, $/lb) ($M) statements” and are based upon certain assumptions,
North America including, but not limited to, metal prices, oil prices, certain
Carlin 950 – 1,015 950 – 1,015 775 – 825 980 – 1,040 155 – 190 exchange rates and other assumptions. For example, 2018
Phoenix c 210 – 230 210 – 230 810 – 860 990 – 1,050 20 – 30 Outlook assumes $1,200/oz Au, $2.50/lb Cu, $0.75
Tw in Creeks d 340 – 370 340 – 370 675 – 725 835 – 885 55 – 65
CC&V 345 – 395 345 – 395 875 – 935 965 – 1,025 20 – 30
USD/AUD exchange rate and $55/barrel WTI; AISC and
Long Canyon 130 – 170 130 – 170 510 – 560 605 – 655 10 – 20 CAS estimates do not include inflation. Production, CAS,
Other North America 10 – 20 AISC and capital estimates exclude projects that have not
Total 2,010 – 2,170 2,010 – 2,170 760 – 810 945 – 1,020 270 – 350 yet been approved. The potential impact on inventory
South Am erica valuation as a result of lower prices, input costs, and
Yanacochae 470 – 545 240 – 280 975 – 1,025 1,205 – 1,275 110 – 140 project decisions are not included as part of this Outlook.
Merian 485 – 540 365 – 405 455 – 495 580 – 630 55 – 95 Such assumptions may prove to be incorrect and actual
Other South America
Total 970 – 1,070 615 – 675 705 – 765 945 – 1,045 170 – 230
results may differ materially from those anticipated. See
cautionary note on slide 3.
Australia bAll-in sustaining costs or AISC as used in the Company’s
Boddington 665 – 715 665 – 715 820 – 870 950 – 1,000 60 – 75
Tanami 440 – 515 440 – 515 535 – 605 705 – 775 95 – 120 Outlook is a non-GAAP metric defined as the sum of costs
Kalgoorlief 390 – 440 390 – 440 580 – 630 695 – 745 20 – 30 applicable to sales (including all direct and indirect costs
Other Australia 5 – 15 related to current production incurred to execute on the
Total 1,530 – 1,670 1,530 – 1,670 675 – 725 830 – 890 185 – 230 current mine plan), reclamation costs (including operating
Africa accretion and amortization of asset retirement costs), G&A,
Ahafo 435 – 465 435 – 465 710 – 765 875 – 955 195 – 240 exploration expense, advanced projects and R&D,
Akyem 380 – 410 380 – 410 640 – 680 765 – 815 30 – 40
treatment and refining costs, other expense, net of one-
Other Africa
Total 815 – 875 815 – 875 680 – 730 865 – 925 225 – 275 time adjustments and sustaining capital. See reconciliation
on slide 135.
Corporate/Other 10 – 15 cIncludes Lone Tree operations.
Total Goldg 5,300 – 5,800 4,900 – 5,400 700 – 750 965 – 1,025 900 – 1,000
dIncludes TRJV operations.
Phoenix 10 – 20 10 – 20 1.50 – 1.70 1.85 – 2.05 eConsolidated production for Yanacocha and Merian is
Boddington 30 – 40 30 – 40 1.75 – 1.95 2.05 – 2.25 presented on a total production basis for the mine site;
Total Copper 40 – 60 40 – 60 1.65 – 1.85 2.00 – 2.20
attributable production represents a 51.35% interest for
Yanacocha and a 75% interest for Merian.
fBoth consolidated and attributable production are shown
2018 Consolidated Expense Outlookh
General & Administrative $ 215 – $ 240 on a pro-rata basis with a 50% ownership for Kalgoorlie.
Interest Expense $ 175 – $ 215 gProduction outlook does not include equity production from
Depreciation and Amortization $ 1,225 – $ 1,325
Advanced Projects & Exploration $ 350 – $ 400 stakes in TMAC (28.8%) or La Zanja (46.94%).
hConsolidated expense outlook is adjusted to exclude
Sustaining Capital $ 600 – $ 700
Tax Rate 28% – 34% extraordinary items. For example, the tax rate outlook
above is a consolidated adjusted rate, which assumes the
exclusion of certain tax valuation allowance adjustments.
All-in sustaining costs
Newmont has worked to develop a metric that expands on GAAP measures, such as cost of goods sold, and non-GAAP measures, such as Costs applicable to sales per ounce, to provide visibility into the
economics of our mining operations related to expenditures, operating performance and the ability to generate cash flow from our continuing operations. Current GAAP-measures used in the mining industry,
such as cost of goods sold, do not capture all of the expenditures incurred to discover, develop and sustain production. Therefore, we believe that all-in sustaining costs is a non-GAAP measure that provides
additional information to management, investors, and analysts that aid in the understanding of the economics of our operations and performance compared to other producers and in the investor’s visibility by
better defining the total costs associated with production. All-in sustaining cost (“AISC”) amounts are intended to provide additional information only and do not have any standardized meaning prescribed by
GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow
from operations as determined under GAAP. Other companies may calculate these measures differently as a result of differences in the underlying accounting principles, policies applied and in accounting
frameworks such as in International Financial Reporting Standards (“IFRS”), or by reflecting the benefit from selling non-gold metals as a reduction to AISC. Differences may also arise related to definitional
differences of sustaining versus development capital activities based upon each company’s internal policies.
The following disclosure provides information regarding the adjustments made in determining the all-in sustaining costs measure:
Costs applicable to sales. Includes all direct and indirect costs related to current production incurred to execute the current mine plan. We exclude certain exceptional or unusual amounts from Costs applicable
to sales (“CAS”), such as significant revisions to recovery amounts. CAS includes by-product credits from certain metals obtained during the process of extracting and processing the primary ore-body. CAS is
accounted for on an accrual basis and excludes Depreciation and amortization and Reclamation and remediation, which is consistent with our presentation of CAS on the Condensed Consolidated Statements
of Operations. In determining AISC, only the CAS associated with producing and selling an ounce of gold is included in the measure. Therefore, the amount of gold CAS included in AISC is derived from the
CAS presented in the Company’s Condensed Consolidated Statements of Operations less the amount of CAS attributable to the production of copper at our Phoenix and Boddington mines. The copper CAS at
those mine sites is disclosed in Note 4 to the Condensed Consolidated Financial Statements. The allocation of CAS between gold and copper at the Phoenix and Boddington mines is based upon the relative
sales value of gold and copper produced during the period.
Reclamation costs. Includes accretion expense related to Asset Retirement Obligation (“ARO”) and the amortization of the related Asset Retirement Cost (“ARC”) for the Company’s operating properties.
Accretion related to the ARO and the amortization of the ARC assets for reclamation does not reflect annual cash outflows but are calculated in accordance with GAAP. The accretion and amortization reflect
the periodic costs of reclamation associated with current production and are therefore included in the measure. The allocation of these costs to gold and copper is determined using the same allocation used in
the allocation of CAS between gold and copper at the Phoenix and Boddington mines.
Advanced projects, research and development and exploration. Includes incurred expenses related to projects that are designed to increase or enhance current production and exploration. We note that as
current resources are depleted, exploration and advanced projects are necessary for us to replace the depleting reserves or enhance the recovery and processing of the current reserves. As this relates to
sustaining our production, and is considered a continuing cost of a mining company, these costs are included in the AISC measure. These costs are derived from the Advanced projects, research and
development and Exploration amounts presented in the Condensed Consolidated Statements of Operations less the amount attributable to the production of copper at our Phoenix and Boddington mines. The
allocation of these costs to gold and copper is determined using the same allocation used in the allocation of CAS between gold and copper at the Phoenix and Boddington mines.
General and administrative. Includes costs related to administrative tasks not directly related to current production, but rather related to support our corporate structure and fulfill our obligations to operate as a
public company. Including these expenses in the AISC metric provides visibility of the impact that general and administrative activities have on current operations and profitability on a per ounce basis.
Other expense, net. We exclude certain exceptional or unusual expenses from Other expense, net, such as restructuring, as these are not indicative to sustaining our current operations. Furthermore, this
adjustment to Other expense, net is also consistent with the nature of the adjustments made to Net income (loss) attributable to Newmont stockholders as disclosed in the Company’s non-GAAP financial
measure Adjusted net income (loss). The allocation of these costs to gold and copper is determined using the same allocation used in the allocation of CAS between gold and copper at the Phoenix and
Boddington mines.
Treatment and refining costs. Includes costs paid to smelters for treatment and refining of our concentrates to produce the salable metal. These costs are presented net as a reduction of Sales on our
Condensed Consolidated Statements of Operations.
Sustaining capital. We determined sustaining capital as those capital expenditures that are necessary to maintain current production and execute the current mine plan. Capital expenditures to develop new
operations, or related to projects at existing operations where these projects will enhance production or reserves, are generally considered development. We determined the classification of sustaining and
development capital projects based on a systematic review of our project portfolio in light of the nature of each project. Sustaining capital costs are relevant to the AISC metric as these are needed to maintain
the Company’s current operations and provide improved transparency related to our ability to finance these expenditures from current operations. The allocation of these costs to gold and copper is determined
using the same allocation used in the allocation of CAS between gold and copper at the Phoenix and Boddington mines.
Advanced
Projects,
Research and Treatment All-In 1. Excludes Depreciation and
Costs Development General Other and All-In Ounces Sustaining
Nine Months Ended Applicable Reclamation and and Expense, Refining Sustaining Sustaining (000)/Pounds Costs per amortization and Reclamation and
September 30, 2017 to Sales (1)(2)(3) Costs (4) Exploration(5) Administrative Net (6) Costs Capital (7) Costs (millions) Sold oz/lb remediation.
Gold 2. Includes by-product credits of $45.
Carlin $ 579 $ 5 $ 14 $ 3 $ — $ — $ 126 $ 727 689 $ 1,055
Phoenix 137 4 4 1 1 8 9 164 155 1,058 3. Includes stockpile and leach pad
Twin Creeks 167 3 7 2 1 — 27 207 282 734 inventory adjustments of $48 at
Long Canyon 42 1 — 1 — — 1 45 132 341 Carlin, $21 at Twin Creeks, $52 at
CC&V 219 3 9 1 — — 17 249 361 690
Other North America — — 33 — 2 — 4 39 — — Yanacocha, $13 at Ahafo and $12
North America 1,144 16 67 8 4 8 184 1,431 1,619 884 at Akyem.
4. Reclamation costs include operating
Yanacocha 403 49 13 3 4 — 29 501 406 1,234
Merian 174 1 11 — — — 18 204 353 578 accretion of $63 and amortization of
Other South America — — 41 9 — — — 50 — — asset retirement costs of $28.
South America 577 50 65 12 4 — 47 755 759 995 5. Advanced projects, research and
Boddington 399 5 1 — — 16 38 459 582 789
development and Exploration of $16
Tanami 180 2 3 — — — 41 226 289 782 at Long Canyon, $10 at Yanacocha,
Kalgoorlie 171 2 6 — — 1 12 192 269 714 $13 at Tanami, $8 at Ahafo and $6
Other Australia — — 18 7 (1) — 3 27 — —
Australia 750 9 28 7 (1) 17 94 904 1,140 793
at Akyem are recorded in “Other” of
the respective region for
Ahafo 193 5 14 — 2 — 28 242 261 927 development projects.
Akyem 202 9 3 — 1 — 17 232 372 624 6. Other expense, net is adjusted for
Other Africa — — 16 5 — — — 21 — — restructuring and other costs of $10,
Africa 395 14 33 5 3 — 45 495 633 782
acquisition costs of $2 and write-
Corporate and Other — — 39 139 7 — 4 189 — — downs of $3.
Total Gold $ 2,866 $ 89 $ 232 $ 171 $ 17 $ 25 $ 374 $ 3,774 4,151 $ 909 7. Excludes development capital
expenditures, capitalized interest
Copper
Phoenix $ 45 $ 1 $ 1 $ — $ — $ 1 $ 5 $ 53 27 $ 1.96 and changes in accrued capital,
Boddington 74 1 1 — — 8 6 90 57 1.58 totaling $172. The following are
Total Copper $ 119 $ 2 $ 2 $ — $ — $ 9 $ 11 $ 143 84 $ 1.70 major development projects:
Merian, Long Canyon, Tanami
Consolidated $ 2,985 $ 91 $ 234 $ 171 $ 17 $ 34 $ 385 $ 3,917
expansions, Subika Underground
and Ahafo mill expansion.
1. Excludes Depreciation and amortization and

Reclamation and remediation.
2. Includes stockpile and leach pad inventory
Year ended December 31, 2012 adjustments.
3. Remediation costs include operating accretion
Consolidated Batu Hijau Adjusted AISC and amortization of asset retirement costs.
Costs applicable to sales (1)(2) $ 3,739 $ 71 $ 3,668 4. Excludes development capital expenditures,
Reclamation costs (3) 80 2 78 capitalized interest and change in accrued
capital.
Advanced projects and exploration 668 5 663
5. The reconciliation to the left is provided for
General and administrative 212 - 212 illustrative purposes in order to better describe
Other expense, net 191 8 183 management’s estimates of the components of
Treatment and refining costs 36 7 29 the calculation. A reconciliation to the most
directly comparable GAAP measure has been
Sustaining capital (4) 1,505 23 1,482
provided for 2012 Gold AISC on a consolidated
All-in sustaining costs $ 6,431 $ 116 $ 6,315 basis, both including and excluding our Batu
Ounces (000) sold 5,466 67 5,399 Hijau operation (which was sold on November
All-in sustaining costs per oz (5) $ 1,177 $ 1,731 $ 1,170 2, 2016). A reconciliation on an individual site-
by-site basis is provided in our Annual Report
on Form 10-K for the year ended December 31,
2014 filed February 20, 2015.
All-in sustaining costs – 2017 outlook
Similar to the historical AISC amounts presented above, AISC outlook is also a non-GAAP financial measure. A reconciliation of the
2017 Gold AISC outlook range to the 2017 CAS outlook range is provided below. The estimates in the table below are considered
“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.
(1) Excludes Depreciation and amortization and

2017 Outlook - Gold Outlook range
Low High (2) Includes stockpile and leach pad inventory
Costs Applicable to Sales
(1) (2)
$ 3,715 $ 4,065 adjustments.
Reclamation Costs
(3)
110 130 (3) Remediation costs include operating accretion and
amortization of asset retirement costs.
Advanced Projects and Exploration 325 375
(4) Excludes development capital expenditures,
General and Administrative 215 240 capitalized interest and change in accrued capital.
Other Expense 5 30 (5) The reconciliation to the left is provided for illustrative
Treatment and Refining Costs 20 40 purposes in order to better describe management’s
estimates of the components of the calculation.
(4)
Sustaining Capital 575 675 Ranges for each component of the forward-looking All-
in sustaining costs per ounce are independently
All-in Sustaining Costs $ 4,930 $ 5,430 calculated and, as a result, the total All-in sustaining
Ounces (000) Sold 5,400 5,800 costs and the All-in sustaining costs per ounce may
not sum to the component ranges. While a
(5)
All-in Sustaining Costs per oz $ 900 $ 950 reconciliation to the most directly comparable GAAP
measure has been provided for 2017 AISC Gold
Outlook on a consolidated basis, a reconciliation has
not been provided on an individual site-by-site basis or
for longer-term outlook in reliance on Item
10(e)(1)(i)(B) of Regulation S-K because such
reconciliation is not available without unreasonable
efforts. See the Cautionary Statement at the end of
this news release for additional information.
All-in sustaining costs – 2018 outlook
Similar to the historical AISC amounts presented above, AISC outlook is also a non-GAAP financial measure. A reconciliation of the
2018 Gold AISC outlook range to the 2018 CAS outlook range is provided below. The estimates in the table below are considered
“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.
(1) Excludes Depreciation and amortization and

2018 Outlook - Gold Outlook range
(2) Includes stockpile and leach pad inventory
Low High adjustments.
Costs Applicable to Sales 1,2 $ 3,700 $ 4,250 (3) Remediation costs include operating accretion and
Reclamation Costs 3 130 150 amortization of asset retirement costs.
Advance Projects and Exploration 350 400 (4) Excludes development capital expenditures,
capitalized interest and change in accrued capital.
General and Administrative 215 240
(5) The reconciliation to the left is provided for illustrative
Other Expense 5 30 purposes in order to better describe management’s
Treatment and Refining Costs 20 40 estimates of the components of the calculation.
Ranges for each component of the forward-looking All-
Sustaining Capital 4 600 700 in sustaining costs per ounce are independently
All-in Sustaining Costs $ 5,100 $ 5,800 calculated and, as a result, the total All-in sustaining
costs and the All-in sustaining costs per ounce may
Ounces (000) Sold 5,300 5,800 not sum to the component ranges. While a
All-in Sustaining Costs per Oz $ 965 $ 1,025 reconciliation to the most directly comparable GAAP
measure has been provided for 2018 AISC Gold
Outlook on a consolidated basis, a reconciliation has
not been provided on an individual site-by-site basis or
for longer-term outlook in reliance on Item
10(e)(1)(i)(B) of Regulation S-K because such
reconciliation is not available without unreasonable
efforts. See the Cautionary Statement at the end of
this news release for additional information.
Free cash flow
Management uses Free Cash Flow as a non-GAAP measure to analyze cash flows generated from operations. Free Cash Flow is Net
cash provided by (used in) operating activities less Net cash provided by (used in) operating activities of discontinued operations less
Additions to property, plant and mine development as presented on the Condensed Consolidated Statements of Cash Flows. The
Company believes Free Cash Flow is also useful as one of the bases for comparing the Company’s performance with its competitors.
Although Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other
companies, the Company’s calculation of Free Cash Flow is not necessarily comparable to such other similarly titled captions of other
companies. The presentation of non-GAAP Free Cash Flow is not meant to be considered in isolation or as an alternative to net income as
an indicator of the Company’s performance, or as an alternative to cash flows from operating activities as a measure of liquidity as those
terms are defined by GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. The Company’s
definition of Free Cash Flow is limited in that it does not represent residual cash flows available for discretionary expenditures due to the
fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for
business acquisitions. Therefore, the Company believes it is important to view Free Cash Flow as a measure that provides supplemental
information to the Company’s Condensed Consolidated Statements of Cash Flows. The following table sets forth a reconciliation of Free
Cash Flow, a non-GAAP financial measure, to Net cash provided by (used in) operating activities, which the Company believes to be the
GAAP financial measure most directly comparable to Free Cash Flow, as well as information regarding Net cash provided by (used in)
investing activities and Net cash provided by (used in) financing activities.
Nine months Twelve months
. ended ended
(1)
Sep 30, 2017 Dec 31, 2012
Net cash provided by (used in) operating activities $ 1,584 $ 2,372

Less: Net cash used in (provided by) operating actvities of discontinued operations (12) (16)
Net cash provided by (used in) operating activities of continuing operations 1,596 2,388
Less: Additions to property, plant and mind development (557) (3,210)
Free Cash Flow $ 1,039 $ (822)
Weighted average diluted common shares (millions) 534 499
Free Cash Flow per Share $ 1.95 $ (1.65)
Net cash provided by (used in) investing activities (2) $ (627) $ (3,264)
Net cash provided by (used in) financing activities $ (748) $ 689
1) Results include Batu Hijau operations
2) Net cash provided by (used in) investing activities includes Additions to property, plant and mine development,
which is included in the Company’s computation of Free Cash Flow
Free cash flow yield
Management uses Free Cash Flow Yield as a non-GAAP financial measure to compare the cash flows generated from operations relative
to the market valuation of the company. Free Cash Flow Yield is Free Cash Flow (as defined above on slide 60) divided by Newmont’s
total market capitalization. Market capitalization is computed by multiplying the end of period stock price by the end of period shares
outstanding. Management believes Free Cash Flow Yield is also useful as one of the bases for comparing the Company’s performance
and valuation with its competitors. Although Free Cash Flow Yield and similar measures are frequently used as valuation measures, the
Company’s calculation of Free Cash Flow Yield is not necessarily comparable to such other similarly titled captions of other companies.
The presentation of Free Cash Flow Yield is not meant to be considered in isolation, or as an alternative to cash flows from operating
activities as a measure of liquidity as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be
sufficient to fund cash needs. Additionally, Free Cash Flow Yield is also not a measure of cash flow which accrues directly to the benefit of
common stock share owners.
The following table sets forth a reconciliation of Free Cash Flow Yield, a non-GAAP financial measure, to Net cash provided by (used in)
operating activities, which the Company believes to be the GAAP financial measure most directly comparable to Free Cash Flow Yield, as
well as information regarding Net cash provided by (used in) investing activities and Net cash provided by (used in) financing activities.
Three Months Ended

Sep 30, Jun 30, Mar 31, Dec 31,
2017 2017 2017 2016
(in millions, except per share amounts)
Net cash provided by (used in) operating activities $ 685 $ 526 $ 373 $ 633
Less: Net cash used in (provided by) operating activities of discontinued
operations 3 3 6 (43)
Net cash provided by (used in) operating activities of continuing operations 688 529 379 590
Less: Additions to property, plant and mine development (194) (183) (180) (301)
Free Cash Flow $ 494 $ 346 $ 199 $ 289
12 month trailing Free Cash Flow $ 1,328
Nov 15,
2017
Stock price on 15 November 2017 ($ per share) $ 36.08
Common stock outstanding 533
Market capitalization $ 19,231
12 month trailing Free Cash Flow Yield 6.9%
EBITDA and Adjusted EBITDA
Management uses Earnings before interest, taxes and depreciation and amortization (“EBITDA”) and EBITDA adjusted for non-core or
certain items that have a disproportionate impact on our results for a particular period (“Adjusted EBITDA”) as non-GAAP measures to
evaluate the Company’s operating performance. EBITDA and Adjusted EBITDA do not represent, and should not be considered an
alternative to, net income (loss), operating income (loss), or cash flow from operations as those terms are defined by GAAP, and do not
necessarily indicate whether cash flows will be sufficient to fund cash needs. Although Adjusted EBITDA and similar measures are
frequently used as measures of operations and the ability to meet debt service requirements by other companies, our calculation of
Adjusted EBITDA is not necessarily comparable to such other similarly titled captions of other companies. The Company believes that
Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same
manner as our management and board of directors. Management’s determination of the components of Adjusted EBITDA are evaluated
periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts. Net income (loss)
attributable to Newmont stockholders is reconciled to EBITDA and Adjusted EBITDA as follows:
1. Net loss (income) from discontinued operations relates to (i) adjustments in our
Holt royalty obligation, presented net of tax expense (benefit) of $(4), $(9), $(25)
Three Months Ended Nine Months Ended and $(32), respectively, and (ii) Batu Hijau operations, presented net of tax
September 30, September 30, expense (benefit) of $-, $90, $- and $258, respectively, and (iii) the loss on
2017 2016 2017 2016 classification as held for sale, which has been recorded on an attributable basis.
Net income (loss) attributable to Newmont stockholders $ 206 $ (358) $ 429 $ (283) For additional information regarding our discontinued operations, see Note 3 to
Net income (loss) attributable to noncontrolling interests (8) 45 (22) 167 our Condensed Consolidated Financial Statements.
(1) 2. Loss (gain) on asset and investment sales, included in Other income, net,
Net loss (income) from discontinued operations 7 448 45 225
primarily represents a gain from the exchange of our interest in the Fort á la
Equity loss (income) of affiliates (1) (2) 4 8
Corne joint venture for equity ownership in Shore Gold in June 2017, the sale of
Income and mining tax expense (benefit) 72 90 349 555
our holdings in Regis in March 2016, income recorded in September 2016
Depreciation and amortization 327 335 928 892 associated with contingent consideration from the sale of certain properties in
Interest expense, net 56 64 187 204 Nevada during the first quarter of 2015 and other gains or losses on asset sales.
EBITDA $ 659 $ 622 $ 1,920 $ 1,768 3. Restructuring and other, included in Other expense, net, primarily represents
Adjustments: certain costs associated with severance and outsourcing costs, accrued legal
(2)
Loss (gain) on asset and investment sales $ (5) $ (5) $ (21) $ (109) costs in our Africa region in 2016 and system integration costs in 2016 related to
(3)
Restructuring and other 2 7 10 26 our acquisition of CC&V in August 2015.
(4)
Reclamation and remediation charges — — 3 — 4. Reclamation and remediation charges, included in Reclamation and remediation,
(5)
Impairment of long-lived assets — — 3 4 represent revisions to remediation plans at the Company’s former historic mining
(6)
Acquisition cost adjustments (3) 9 2 11 operations.
(7) 5. Impairment of long-lived assets, included in Other expense, net, represents non-
La Quinua leach pad revision — 32 — 32
(8) cash write-downs of long-lived assets.
Loss on debt repayment — 1 — 4
Adjusted EBITDA $ 653 $ 666 $ 1,917 $ 1,736 6. Acquisition cost adjustments, included in Other expense, net, represent net
adjustments to the contingent consideration and related liabilities associated with
the acquisition of the final 33.33% interest in Boddington in June 2009.
7. La Quinua leach pad revision, included in Costs applicable to sales, represents a
significant write-down of the estimated recoverable ounces at Yanacocha in
September 2016.
8. Loss on debt repayment, included in Other income, net, represents the impact
from the debt tender offer on our 2019 Senior Notes and 2039 Senior Notes in
March 2016 and our Term Loan paydown in August 2016.
Return on Capital Employed (ROCE)
Management uses Return on Capital Employed (“ROCE”) as a non-GAAP measure to evaluate the Company’s operating
performance. ROCE does not represent, and should not be considered an alternative to, net earnings (loss), operating
earnings (loss), or cash flow from operations as those terms are defined by GAAP, and does not necessarily indicate
whether cash flows will be sufficient to fund cash needs. Although ROCE and similar measures are frequently used as
measures of operations by other companies, our calculation of ROCE is not necessarily comparable to such other
similarly titled captions of other companies. The Company believes that ROCE provides useful information to investors
and others in understanding and evaluating our operating results in the same manner as our management and board of
directors. Management’s determination of the components of ROCE are evaluated periodically and based, in part, on a
review of non-GAAP financial measures used by mining industry analysts. Net income (loss) attributable to Newmont
stockholders is reconciled to ROCE as follows on the next slide.
TTM Return on Capital Employed (ROCE)
Three Months Ended
Sep 30, Jun 30, Mar 31, Dec 31,
2017 2017 2017 2016
Net income (loss) attributable to Newmont stockholders $ 206 $ 177 $ 46 $ (344)

Net income (loss) attributable to noncontrolling interests (8) (26) 12 (463)
Net loss (income) from discontinued operations 7 15 23 (92)
Equity loss (income) of affiliates (1) 3 2 5
Income and mining tax expense (benefit) 72 167 110 8
Depreciation and amortization 327 308 293 328
Interest expense, net 56 64 67 69
EBITDA $ 659 $ 708 $ 553 $ (489)
Depreciation and amortization $ 327 $ 308 $ 293 $ 328
Other income 10 31 (9) (24)
EBIT $ 322 $ 369 $ 269 $ (793)
Adjustments:
Restructuring and other $ 2 $ 1 $ 7 $ 6
Reclamation and remediation charges - - 3 88
Impairment of long-lived assets - - 3 973
Acquisition costs (3) 3 2 (1)
Adjusted EBIT $ 321 $ 373 $ 284 $ 273
12 month trailing Adjusted EBIT $ 1,251
Sep 30, Sep 30,

2017 2016
Newmont stockholders equity $ 11,138 $ 11,102
Non-controlling Interest 1,093 1,662
Total Debt 4,050 5,116
Total Capital $ 16,281 $ 17,880
Less: Cash and equivalents 2,969 2,099
Capital employed $ 13,312 $ 15,781
Average capital employed $ 14,547
12 month trailing Adjusted EBIT divided by Average Capital Employed (ROCE) 8.6%
2013 Return on Capital Employed (ROCE)
Year Ended
Dec 31,
2013
Net income (loss) attributable to Newmont stockholders $ (2,534)

Net income (loss) attributable to noncontrolling interests (261)
Net loss (income) from discontinued operations (61)
Equity loss (income) of affiliates 5
Income and mining tax expense (benefit) (755)
Depreciation and amortization 1,362
Interest expense, net 303
EBITDA $ (1,941)
Depreciation and amortization $ 1,362
Other income 349
EBIT $ (3,652)
Adjustments:
Restructuring and other $ 67
Boddington contingent consideration (gain) loss (18)
Impairment of long-lived assets 4,352
TMAC transaction costs 45
Adjusted EBIT $ 794
12 month trailing Adjusted EBIT $ 794
Dec 31, Dec 31,

2013 2012
Newmont stockholders equity $ 9,993 $ 13,773
Non-controlling Interest 2,916 3,175
Total Debt 6,740 6,298
Total Capital $ 19,649 $ 23,246
Less: Cash and equivalents 1,555 1,561
Capital employed $ 18,094 $ 21,685
Average capital employed $ 19,890
12 month trailing Adjusted EBIT divided by Average Capital Employed (ROCE) 4.0%
Endnotes
Investors are encouraged to read the information contained in this presentation in conjunction with the following notes, the Cautionary Statement on slide 3 and the factors described
under the “Risk Factors” section of the Company’s Form 10-K, filed with the SEC on or about February 21, 2017, and Form 10-Q filed with the SEC on October 26, 2017, and
disclosure in the Company’s other recent SEC filings.
1. Historical AISC or All-in sustaining cost is a non-GAAP metric. See slides 131 to 135 for more information and a reconciliation to the nearest GAAP metric. All-in sustaining cost
(“AISC”) as used in the Company’s Outlook is a non-GAAP metric defined as the sum of cost applicable to sales (including all direct and indirect costs related to current gold
production incurred to execute on the current mine plan), reclamation costs (including operating accretion and amortization of asset retirement costs), G&A, exploration expense,
advanced projects and R&D, treatment and refining costs, other expense, net of one-time adjustments and sustaining capital. See also note 2 below.
2. 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 December 6, 2017. Outlook is based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions.
For example, current Outlook assumes $1,200/oz Au, $2.50/lb Cu, $0.75 USD/AUD exchange rate and $55/barrel WTI; AISC and CAS estimates do not include inflation.
Production, CAS, AISC and capital estimates exclude projects that have not yet been approved. The potential impact on inventory valuation as a result of lower prices, input
costs, and project decisions are not included as part of this Outlook. Assumptions used for purposes of Outlook may prove to be incorrect and actual results may differ materially
from those anticipated. Consequently, Outlook cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon Outlook and forward-looking statements
as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. See slides 129 – 130 for more information.
3. Free cash flow is a non-GAAP metric and is generated from Net cash provided by (used in) operating activities of continuing operations less Additions to property, plant and mine
development. See slide 136 for more information and for a reconciliation to the nearest GAAP metric. Free Cash Flow yield is a non-GAAP metric and is generated from Free
Cash Flow divided by Newmont’s market capitalization. See slide 137 for more information and for a reconciliation to the nearest GAAP metric. The Free Cash Flow Yield figures
for competitors used in this presentation were calculated by Bloomberg.
4. EBITDA is a non-GAAP financial measure calculated as Earnings before interest, taxes and depreciation and amortization. The EBITDA figures for competitors used in this
presentation were calculated by Bloomberg. For management’s EBITDA calculations and reconciliation to the nearest GAAP metric, please see slide 138 for more information.
Adjusted EBITDA is also a non-GAAP metric. Please refer also to slide 138 for a reconciliation of Adjusted EBITDA to the nearest GAAP metric.
5. Investors are further reminded that the reserve and resource estimates used in this presentation are as of December 31, 2016. U.S. investors are reminded that reserves were
prepared in compliance with Industry Guide 7 published by the SEC. Whereas, the term resource, measured resource, indicated resources and inferred resources are not SEC
recognized terms. Newmont has determined that such resources would be substantively the same as those prepared using the Guidelines established by the Society of Mining,
Metallurgy and Exploration and defined as Mineral Resource. Estimates of resources 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 reserves. Inferred resources, in particular, have a great amount of uncertainty as to their existence and their
economic and legal feasibility. Investors are cautioned not to assume that any part or all of the inferred resource exists, or is economically or legally mineable. Inventory and
upside potential have a greater amount of uncertainty. Investors are cautioned that drill results illustrated in certain graphics in this presentation are not necessarily indicative of
future results or future production. Even if significant mineralization is discovered and converted to reserves, during the time necessary to ultimately move such mineralization to
production the economic and legal feasibility of production may change. As such, investors are cautioned against relying upon those estimates. For more information regarding
the Company’s reserves, see the Company’s Annual Report filed with the SEC on February 21, 2017 for the Proven and Probable reserve tables prepared in compliance with the
SEC’s Industry Guide 7 at www.sec.gov or on the Company’s website. For additional information on reserves and resources see slides 120 – 127.
6. Return on Capital Employed (ROCE) is a non-GAAP metric and is generated from 12 month trailing Earnings before interest and tax divided by average capital employed. 2016
balances exclude Batu Hijau. See slides 139 – 141 for more information and for reconciliation to the nearest GAAP metric.
Endnotes – continued
7. Statements of management’s expectations with respect to future dividends on slide 30 are “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. Investors are cautioned that such statements with respect to future dividends are non-binding. The declaration and payment of future dividends remain at
the discretion of the Board of Directors and will be determined based on Newmont’s financial results, balance sheet strength, cash and liquidity requirements, future prospects,
gold and commodity prices, and other factors deemed relevant by the Board. The Board of Directors reserves all powers related to the declaration and payment of dividends.
Consequently, in determining the dividend to be declared and paid on the common stock of the Company, the Board of Directors may revise or terminate the payment level at any
time without prior notice. As a result, investors should not place undue reliance on such statements.
8. Full Potential cost savings, Full Potential improvements, FP savings, value creation or related savings identified with this endnote as used in this presentation are considered
operating measures provided for illustrative purposes, and should not be considered GAAP or non-GAAP financial measures. Global Full Potential savings/improvements
amounts are estimates utilized by management that represent estimated cumulative incremental value realized as a result of Full Potential projects implemented and are based
upon both cost savings and efficiencies that have been monetized for purposes of the estimation. Because Full Potential savings/improvements estimates reflect differences
between certain actual costs incurred and management estimates of costs that would have been incurred in the absence of the Full Potential program, such estimates are
necessarily imprecise and are based on numerous judgments and assumptions.
Investor Day attendees participating in the Technology Gallery Walk or viewing the related Technical Services videos are reminded that the cautionary statement on slide
3 and these endnotes should be considered in connection with the gallery walk and videos.
9. Innovation NPV improvements are used in the Strategic Mine Planning poster board of the Technology Gallery Walk is an operating measure provided for illustrative purposes,
and should not be considered to be either a GAAP or non-GAAP financial measure. Innovation NPV improvements estimates are utilized by management to assess the value of
innovation improvements and initiatives, such estimate represents anticipated incremental value resulting from mine planning optimization. These amounts are calculated using
an investment evaluation model that considers the life of mine NPV estimate before and after improvement under the same economic assumptions for purpose of assessing the
value of the improvement. Such estimates are necessarily imprecise and are based on numerous judgments and assumptions. These improvements have already been
considered and taken into account in the Company’s published one, three and five-year guidance outlook.
10. Similarly, the potential annual savings, annual value creation, reduction in sample costs, recovery increases, processing cost avoidance and anticipated technology and
innovation improvements discussed in the gallery walk and videos have also been considered and taken into account in the Company’s outlook.

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Newmont Investor Day

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December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 2

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 3

Business outlook Technical outlook Operational outlook

Welcome and safety share Technical fundamentals Operational outlook

• Gary Goldberg • Scott Lawson • Tom Palmer

Newmont outlook Technology gallery walk • Andrew Woodley

• Gary Goldberg • Grigore Simon • Alwyn Pretorius

Market outlook • Marcelo Godoy • Alex Bates

• Randy Engel • Lauren Hafla • Dean Gehring

Financial outlook • Mike Wundenberg Q&A

• Nancy Buese Exploration outlook

Q&A • Grigore Simon

Q&A and closing remarks

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 5

Create value Lead sector

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 6

Top sustainability performance in mining sector for three consecutive years

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 7

2018E gold North America South America Africa Australia

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 8

~10 years Current

Long-term projects Mid-term projects Sustaining projects Current projects

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 10

128oz 12yrs 72% 1.20g/t

Reserves per Kshare Operating Reserves Reserves based in Reserve grade

Top quartile Total Shareholder Returns delivered since 2014

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 11

2013A 2014A 2015A 2016A 2017E 2018E 2019E 2020E – 2022E

* Consolidated all-in sustaining cost; see Endnotes 1 and 2

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 12

5.4 5.4 5.4

2013A 2014A 2015A 2016A 2017E 2018E 2019E 2020E – 2022E

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 13

2013A 2014A 2015A 2016A 2017E 2018E 2019E 2020E – 2022E

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 14

Safe, stable and profitable gold production over longer horizon

Ongoing margin growth across four anchor regions

Capital discipline across all investments and cycles

Tanami ore (Auron)

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 15

• Financial flexibility to invest in most promising growth options

• Technical expertise to develop profitable operations in broad range of gold districts

• Superior environmental, social and governance performance underpins license to operate

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 17

Costs1 $800 – $900/oz Below $700/oz AISC down >$100/oz

Production 630Koz/year ~800Koz/year

Mine life < 5 years > 10 years Mine life doubled

Higher technical Lower technical

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 18

• Demographic shifts – continued urbanization and wealth trends in Asia

* Source: National Intelligence Council

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 19

• Set stage for longer-term growth for 2025 and beyond

Acquire late stage project

Short-term HORIZON Long-term

December 2017 Newmont Mining Corporation I 2017 Investor Day – Slide 20

• Katterfeld (Chile) – recent investment in new prospective area