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May 20, 2008
Octavo SymposiumOctavo Symposium
May 20, 2008 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 mineral production and sales; (ii) estimates of future costs applicable to sales, other expenses and taxes for specific operations, and on a consolidated basis; (iii) estimates of future capital expenditures, construction, production, or closure activities; and (iv) 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.
Explanation of Non-GAAP Measures and Certain MetricsThis presentation contains the non-GAAP financial measure adjusted net income and a reconciliation of adjusted net income to net income calculated in accordance with GAAP. Adjusted net income is not, and should not, be used in isolation or as an alternative to GAAP net income as reflected in the Company's consolidated financial statements. For further information concerning the use of adjusted net income by the Company and analysts, see the 2008 Earnings Release on Form 8-K furnished by the Company to the Securities and Exchange Commission on or about April 24, 2008, and the Company's other SEC reports.
May 20, 2008 3
Safety is First in Everything We Do
Tied for 1st place with a 4.5 Overall Safety Ranking
Source: Citibank’s “Towards Sustainable Mining 2” – November 28, 2007
Overall Safety Ranking
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
First Q
uantum
LihirKumba
NewmontIlu
kaNew
crest
Oxiana
Zinifex
Barrick
Xstrata
Implat
sVen
danta
AntoMac
arthur
LonminAquari
us
IncoAngloNorils
k
Peter H
ambro
AngloGoldGold Fiel
dsFree
port
May 20, 2008 4
Newmont’s Gold District Over 43 Million Acres of Land World-wide Two World-Class Deposits in Peru
OperationsMajor Projects
Hope Bay
Nevada
Yanacocha (51.35%)•JV with Buenaventura•2008 equity guidance:
885k – 925k ounces $370 – $390/oz CAS
La Herradura
Batu Hijau
Boddington
AhafoAkyem
Jundee
Kalgoorlie
Tanami
Waihi
Conga - Project (51.35%)•JV with Buenaventura•Advanced Stage 3 evaluation •2007 equity reserves:
6.1m ounces of gold1.7b pounds of copper
Kori Kollo
May 20, 2008 5
Bull Market for Gold
Global inflation is risingCurrent account deficit declining dollar valueReal gold price remains lowGold ETFs driving investment demand
Source: Newmont, Dundee Wealth Economics, “Chart Book; April 2008”
Spot Gold Price
$300
$450
$600
$750
$900
$1,050
May 20, 2008 6
Real Gold Price Remains Low
May 20, 2008 7
Lower Production and Higher Costs Worldwide
* Source: GFMS
2,476
2,645 $395
$176
2,350
2,400
2,450
2,500
2,550
2,600
2,650
2,700
2001 2002 2003 2004 2005 2006 2007
Glo
bal P
rodu
ctio
n (to
nnes
)
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
Tota
l Cas
h Co
sts
($/o
z)
Global Production
Industry Average Costs
May 20, 2008 8
Worldwide Exploration Budgets 1998-2007 (US $million)
May 20, 2008 9
Margin Expansion?
$195 $216 $232$288
$171$196
$209
$311
$389
$308
$697
$599
$441$412
$366
$0
$100
$200
$300
$400
$500
$600
$700
$800
2003 2004 2005 2006 2007
CAS/oz Operating Margin/oz Average Realized Gold Price
May 20, 2008 10
Gaining Market Momentum with Resolution and Execution
Eliminate hedge book
Divest non-core royalty assets
Focus on reserve growth—Miramar acquisition
Nevada power plant start-up
Renewed focus on cost containment and capital discipline
Yanacocha gold mill commissioning
May 20, 2008 11
Quarterly Margin Expansion
Margin growth from cost containment and unhedged production75% margin expansion from Q3 2007 on 37% rise in gold price
$404 $417 $374 $366
$245 $248 $307$419
$396
$537$649 $665 $681
$785
$933
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
Q1 2007 Q2 2007 Q3 2007 Q4 2007 Q1 2008
CAS/oz Operating Margin/oz Average Realized Gold Price
May 20, 2008 12
Industry Leading Performance
San Jose ReservoirSan Jose Reservoir inaugurated in May 2008Capacity of 6 million cubic metersOnly half its capacity relates to mitigation$25 million investment
ISO 14001Minera Yanacocha first major mining project in Peru to receive ISO 14001 certification for its entire operationIn order to maintain the certification, Yanacocha will be:
– Audited four times over the next two years; and,– Expected to cooperate with regular environmental inspections scheduled
by Osinergmin.
San Jose Reservoir
May 20, 2008 13
Advanced Projects Update
Hope Bay, Canada – Stage 2 Conga, Peru – Stage 3 Akyem, Ghana – Stage 2
New 80km x 20km greenstone belt with significant exploration potential
AAA-rated country
Completed acquisition of Miramar in March 2008
Q1 mobilized for camp infrastructure and 2008 drilling
Equity reserves: 6.1m ounces of gold and 1.7b pounds of copper
Advanced Stage 3 evaluation
Permitting and community relations continuing
Gate 3 decision expected in 2008
Equity reserves: 7.7m ounces of gold
Ghanaian EPA accepted submittal of revised draft Environmental Impact Study - April 23, 2008
Permitting continuing
Gate 2 decision expected in 2008
May 20, 2008 14
Increasing Shareholder Value Through Focus and Execution
A New Day DawningWorld’s largest unhedged gold producerAggressively managing costsProviding significant leverage to thegold price Three consecutive quarters of strongoperating and financial performance Dow Jones Sustainability Index – World
Building Momentum while Building for the Future of Newmont• Strong project pipeline: four World-Class gold projects• Extensive portfolio of high-value investments • Politically diversified production from five continents
May 20, 2008
Octavo SymposiumOctavo Symposium