newmont mining paydirt_conference

Paydirt Gold Conference Adriaan van Kersen

2-3 April, 2008

A New Day Dawning

April 2, 2008 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 that are intended to be covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, (i) estimates of future capital expenditures, project costs, tax rates and expenses; (ii) estimates regarding timing of future mine development, construction, operations, or closure activities; and (iii) statements regarding potential cost savings, productivity, operating performance, cost structure and competitive position. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in which we operate, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2007 Annual Report on Form 10-K, filed on February 21, 2008, with the Securities and Exchange Commission, as well as the Company’s other SEC filings. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.


A new Day Dawning


Project Execution

Operational Execution

Financial Performance

Exploration &Development

Leverage, Scope & Scale

GOLD

BASE METALS

MAJOR PROJECTS

POTENTIAL ACQUISITION

HOPE BAY

Our FoundationsBuilding Sustainable Performance

Regional Growth


Operational Execution &2008 Outlook

2007Outlook

2007 Actuals

2008 Outlook

Equity gold sales (million ounces) 5.2 – 5.4

$375 – $400

190 – 210

$1.10 – $1.20

$1.7 – $1.9

$180 – $185

5.1 – 5.4

Costs applicable to sales ($/oz)

5.32

$406*

204

$1.10

$1.67

Exploration (millions) $177 $240 – $255

$425 – $450

Equity copper sales (million pounds) 155 – 165

Costs applicable to sales ($/lb) $1.30 – $1.40

Capital expenditures (billions) $1.8 – $2.0


Operational ExecutionAustralia/New Zealand

BoddingtonKalgoorlie

Jundee

Tanami

Waihi

Perth

Q4 2007 YTD 2007 Outlook 2008

335

$494

$229

Equity gold sales (000 ozs)* 1,324 1,065 – 1,125

Costs applicable to sales – Gold ($/oz) $496 $585 - $625

Consolidated capital expenditures ($m)

$597 $800 - $850

*Includes sales from discontinued operations of Pajingo in 2007.


Number of Gold Discoveries Found Per Year Over 1 Million Ounces

0

5

10

15

20

25

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

Num

ber o

f Dis

cove

ries

$0

$1

$2

$3

$4

$5

Expl

orat

ion

Expe

nditu

res

($ B

illio

n)

**

Early Stages of Exploration DataSource: PACRIM 2004 & MEG

Industry Exploration Expenditures

Exploration: The Limits to Discovery


Exploration: Newmont’s Track Record

Total Reserve Ounce Differential = 52.4 Million OuncesFive-Year Exploration Cost = $804 Million

0

20

40

60

80

100

2003 2004 2005 2006 2007Cumulative Reserves From ExplorationReserves Without Exploration Success Peer Group Average*

91.3 92.4 93.2 93.8

64.855.5

46.941.4

Moz

86.5

34.1

*Peer Group includes: ABX, AU, GFI, PDG


Exploration :2008 Program


Execution OperationsStage 1 Stage 2 Stage 3 Stage 4 GateGate

Gate 4Ensure single option is optimized, predictable and competitive

GateGate

Gate 3Select a single option to achieve Business Case

GateGate

Gate 2Determine if a Business Case exists

GateGate

Gate 1Advance viable business opportunities

Capital EffectivenessStage-Gate Process

StageDefined work requirements performed by various cross functional groups

GateDetermine if the investment

aligns with Newmont’s Strategy & Objectives

Business Opportunity Creation

Business Opportunity Delivery


2008 Strategic Priorities:Exploration & Development ProjectsConga - Peru

Reserves (equity): 6.1 million ounces of gold,

1.7 billion pounds of copper

Progress: Stage 3 studies in progress

Permitting activities underway

Building cross functional teams

Continuing to engage community

Development decision expected in 2008

Akyem - Ghana

Reserves (equity): 7.7 million ounces gold

Progress: Stage 2 studies in progress

Permitting activities underway

Development decision expected in 2008Akyem

Conga Drilling


2008 Strategic Priorities:Projects in Execution

Nevada Power PlantImpact: Reduce Nevada operating costs by ~$25 per ounce

Progress: On track for mid-2008 start-up

Capital: $620 - $640 million

Yanacocha Gold Mill (consolidated)Impact: 400 – 500 thousand ounces of gold per annum

$250 – $300/oz average costs applicable to sales

Progress: On track for start-up mid-2008

Capital: $250 - $270 million

Boddington


Business ObjectivesDevelop long life operation in AAA country

Increase future reserves

Create long term stable cash flows

Current Reserves (Newmont):

• 11.1 million ounces of gold

• 1.0 billion pounds of copper

Production First Five-Years (100%)Gold annual average : 950 – 1,050 thousand ounce

Copper annual average: 30 – 35 thousand tones

Project Metrics Safety – TRIFR: 1.21

Capital (Newmont): $1.4 to $1.6 billion

Progress: 62% complete

Start-up: On track for late 2008 / early 2009

Boddington 12/31/2007 Status


Waihi

DBD0475D1: 19.8m @ 5.6g/t (14.7@ 7.1g/t)

DBD0476: In progress, testing ‘ASOK’ on 59730mE

Auron Domain Shape Feb ‘08


The Callie Deeps Vision


Callie Deeps - Recent Discovery

DBD0475D1: 19.8m @ 5.6g/t (14.7@ 7.1g/t)

DBD0476: In progress, testing ‘ASOK’ on 59730mE

Auron Domain Shape Feb ‘08


Driving Shareholder Value ThroughFocus and Execution

Our Foundation

World’s premier unhedged gold producer

Focus on core gold business and

operational execution

Building on the Momentum from 2007

Extensive Exploration Portfolio

Acquired prospective Hope Bay project in Canada

Disciplined Project Evaluation process

Healthy Project Pipeline

Boddington

A New Day Dawning

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