Gold And Copper Production Of 1.167 Million Ounces and 34 Million Pounds

DENVER - Newmont Mining Corporation President and CEO, Gary Goldberg said, I am pleased with our progress to improve our costs and operating efficiencies, which have resulted in a $362 million reduction in year-to-date spending, compared to the first half of 2012. At our operations, we performed in line with our plans. Excluding non-cash asset write-downs, we remain on track with our original outlook for gold and copper production.

Attributable gold and copper production of 1.167 million ounces and 34 million pounds, down 1% and 11%, respectively, from the prior year quarter; attributable gold and copper sales of 1.213 million ounces and 37 million pounds, up 6% and 23%, respectively, from the prior year quarter.

Attributable gold production in Nevada was 383,000 ounces, an increase of 1% from the prior year quarter due to new production from Emigrant as well as higher grade and throughput at Phoenix essentially offset by lower tons and grade at Midas, lower grade and recovery at Mill 5, and lower grade at Mill 6.

The Company continues to expect 2013 attributable gold production of between 1.7 million and 1.8 million ounces.

Attributable gold production at La Herradura in Mexico was 54,000 ounces. Gold production decreased 8% from the prior year quarter due to lower leach recoveries.

In South America the attributable gold production at Yanacocha in Peru was 150,000 ounces. Gold production decreased 25% from the prior year quarter due to lower mill and leach production associated with the completion of mining at El Tapado in July of 2012.

The Company continues to expect 2013 attributable gold production of between 475,000 and 525,000 ounces. Attributable gold production during the second quarter at La Zanja in Peru was 17,000 ounces. The Company continues to expect 2013 attributable gold production of between 40,000 and 50,000 ounces.

At Boddingtons the attributable gold and copper production during the second quarter at Boddingtons in Australia was 171,000 ounces and 16 million pounds, respectively. Gold and copper production decreased 5% and 11%, respectively, due to lower mill throughput partially offset by higher gold mill grade.

The Company continues to expect 2013 attributable gold and copper production of between 700,000 and 750,000 ounces and 70 and 80 million pounds, respectively. The Company now expects gold and copper. Other Australia/New Zealand attributable gold production during the second quarter was 247,000 ounces. Gold production increased 17% from the prior year quarter due to higher mill throughput at Waihi as a result of a mill shutdown in the prior year quarter and higher mill throughput and ore grade from underground sources at Tanami partially offset by lower grade at Jundee and Kalgoorlie. The Company continues to expect 2013 attributable gold production of between 925,000 and 975,000 ounces. The Company now expects CAS of $1,000 to $1,100 per ounce including stockpile write-downs.

Gold and copper production during the second quarter at Batu Hijau in Indonesia was 6,000 ounces and 18 million pounds. Gold and copper production decreased 25% and 10%, respectively, due to processing lower grade stockpile ore and lower mill throughput. The Company continues to expect 2013 attributable gold and copper production of between 20,000 and 30,000 ounces and 75 and 90 million pounds. Attributable gold production during the second quarter at Ahafo in Ghana was 139,000 ounces. Gold production increased 5% from the prior year quarter due to higher mill throughput and recovery, a drawdown of in-process inventory partially offset by lower grade. The Company continues to expect 2013 attributable gold production at Ahafo of between 525,000 and 575,000 ounces.