Newmont Increases Gold Reserves to 99.2 Million Ounces and Reports Copper Reserves at 9.5 Billion Pounds
22.02.2013 | CNW
DENVER, Feb. 21, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced it increased attributable gold reserves by 0.4 million ounces, net of depletion, to 99.2 million ounces in 2012. Highlights include:- Gold reserves of 99.2 million ounces;
- Copper reserves of 9.5 billion pounds;
- The addition of 2.9 million ounces of gold reserves at the Merian project in Suriname; and
- The addition of 2.6 million ounces of gold inferred resources at the Long Canyon project in Nevada.
"We are pleased to announce 6.6 million ounces of gold reserve additions in 2012 at higher grades than depleted, with 2.9 million ounces of new reserves declared at Merian in Suriname," said Gary Goldberg, President and Chief Operating Officer. "We also declared 2.6 million ounces of gold inferred resource at Long Canyon in Nevada," Goldberg added.
Gold and copper reserves1 were calculated at $1,400 per ounce, and $3.25 per pound, respectively. A $100 increase in gold price would result in an approximate 2.8% increase in gold reserves while a $100 decrease in gold price would result in an approximate 7.6% decrease in gold reserves. Gold and copper price related reserve additions accounted for 1.5 million ounces of gold and approximately 0.1 billion pounds of copper in 2012, as highlighted in the following charts.
1For detailed information on the Company's year-end attributable Proven and Probable Reserves and Measured, Indicated and Inferred Resources, please refer to the Supplemental Information and the cautionary statement at the end of this release.
(Photo: http://photos.prnewswire.com/prnh/20130221/LA64354-INFO-a)
Attributable measured and indicated gold resources for 2012 were 22.3 million ounces. In addition, attributable inferred gold resources were 17.9 million ounces. Attributable measured and indicated copper resources for 2012 were 2.2 billion pounds. In addition, attributable inferred copper resources were 970 million pounds. Gold and copper resources were calculated using prices of $1,600 per ounce and $3.50 per pound, respectively.
Attributable proven and probable silver reserves for 2012 were 186 million ounces. Attributable measured and indicated silver resources for 2012 were 53 million ounces, with additional inferred silver resources of 35 million ounces. Silver reserves and resources were calculated using prices of $30 and $35 per ounce, respectively.
Exploration: 2013 Planned Activity
Newmont's 2013 attributable exploration budget is $249 million, with over 40% allocated to North America, and the balance split between Asia Pacific, Africa, South America, and other strategic programs, as shown in the chart below. Of the total attributable exploration budget, approximately three quarters is expected to be focused on brownfields exploration activity, with the balance targeted on greenfields programs.
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22013 Opportunity Fund budget to be allocated regionally to the highest ranking projects identified throughout the course of the year, consistent with prior year practice.
Reserve and Resource Tables
Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determined economic feasibility. Metal price assumptions follow SEC guidance not to exceed a three year trailing average. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables included in this release list the average metallurgical recovery rate for each deposit, which takes into account the relevant processing methods. The cut-off grade, or lowest grade of mineralized material considered economic to process, varies with material type, price, metallurgical recoveries, operating costs and co- or by-product credits. The Proven and Probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold and copper will be realized. Ounces of gold and silver or pounds of copper included in the proven and probable reserves are calculated without regard to any losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold and copper, as well as increased production costs or reduced metallurgical recovery rates, could render certain proven and probable reserves containing relatively lower grades of mineralization uneconomic to exploit and might result in a reduction of reserves.
The Measured, Indicated, and Inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A 'Mineral Resource' is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. Ounces of gold and silver or pounds of copper included in the Measured, Indicated and Inferred resources are calculated without regard to any losses during metallurgical treatment. Market fluctuations in the price of gold and copper, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources.
We publish reserves and resources annually, and will recalculate reserves and resources at December 31, 2013, taking into account metal prices, changes, if any, in future production and capital costs, divestments and depletion as well as any acquisitions and additions during 2013.
Attributable Proven, Probable, and Combined Gold Reserves(1),U.S Units
December 31, 2012
December 31, 2011
Deposits/Districts by Reporting Unit
Proven Reserves
Probable Reserves
Proven and Probable Reserves
Metallurgical Recovery
Proven + Probable Reserves
Newmont Share
Tonnage
Grade
Gold
Tonnage
Grade
Gold
Tonnage
Grade
Gold
Tonnage
Grade
Gold
(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 Open Pits, Nevada
100%
82,100
0.059
4,810
231,100
0.030
6,840
313,200
0.037
11,650
74%
331,700
0.038
12,620
Carlin Underground, Nevada
100%
14,500
0.252
3,650
9,000
0.285
2,580
23,500
0.265
6,230
86%
18,000
0.282
5,090
Midas, Nevada
100%
200
0.191
30
400
0.055
20
600
0.095
50
90%
800
0.226
160
Phoenix, Nevada
100%
22,700
0.019
440
417,200
0.017
6,990
439,900
0.017
7,430
73%
447,100
0.016
7,250
Twin Creeks, Nevada
100%
7,100
0.101
720
51,200
0.052
2,680
58,300
0.058
3,400
80%
48,300
0.078
3,780
Turquoise Ridge, Nevada(2)
25%
2,200
0.396
860
2,900
0.370
1,080
5,100
0.381
1,940
92%
4,000
0.442
1,760
Nevada In-Process(3)
100%
25,500
0.018
450
0
0
25,500
0.018
450
64%
23,000
0.020
460
Nevada Stockpiles(4)
100%
68,900
0.055
3,830
3,400
0.026
90
72,300
0.054
3,920
75%
68,200
0.052
3,530
Total Nevada
223,200
0.066
14,790
715,200
0.028
20,280
938,400
0.037
35,070
77%
941,100
0.037
34,650
La Herradura, Mexico
44%
85,500
0.017
1,470
72,600
0.016
1,140
158,100
0.017
2,610
67%
111,400
0.021
2,330
TOTAL NORTH AMERICA
308,700
0.053
16,260
787,800
0.027
21,420
1,096,500
0.034
37,680
77%
1,052,500
0.035
36,980
South America
Conga, Peru(5)
51.35%
0
0
303,400
0.021
6,460
303,400
0.021
6,460
75%
303,400
0.021
6,460
Yanacocha Open Pits(6)
51.35%
23,000
0.057
1,310
73,400
0.014
1,050
96,400
0.024
2,360
73%
119,900
0.030
3,570
Yanacocha In-Process(3)
51.35%
8,600
0.026
220
0
0
8,600
0.026
220
78%
15,200
0.025
390
Yanacocha Stockpiles(4)
51.35%
8,400
0.054
460
0
0
8,400
0.054
460
60%
Not Disclosed in 2011
Total Yanacocha, Peru
51.35%
40,000
0.050
1,990
73,400
0.014
1,050
113,400
0.027
3,040
72%
135,100
0.029
3,960
La Zanja, Peru(7)
46.94%
1,700
0.021
40
10,800
0.017
190
12,500
0.018
230
66%
21,400
0.016
330
Merian, Suriname(8)
80%
0
0
79,800
0.036
2,850
79,800
0.036
2,850
93%
TOTAL SOUTH AMERICA
41,700
0.048
2,030
467,400
0.023
10,550
509,100
0.025
12,580
78%
459,900
0.023
10,750
Asia Pacific
Batu Hijau Open Pit(9)
48.5%
131,300
0.017
2,170
166,600
0.006
940
297,900
0.010
3,110
76%
323,700
0.010
3,150
Batu Hijau Stockpiles(4)(5)(9)
48.5%
0
0
140,600
0.003
440
140,600
0.003
440
70%
156,900
0.003
490
Total Batu Hijau, Indonesia
48.5%
131,300
0.017
2,170
307,200
0.004
1,380
438,500
0.008
3,550
76%
480,600
0.008
3,640
Boddington, Western Australia
100%
117,100
0.020
2,390
813,400
0.019
15,270
930,500
0.019
17,660
81%
1,053,500
0.019
19,490
Boddington Stockpiles
100%
32,000
0.017
540
31,800
0.013
400
63,800
0.015
940
81%
0
0
Total Boddington, Western Australia
100%
149,100
0.020
2,930
845,200
0.019
15,670
994,300
0.019
18,600
81%
1,053,500
0.019
19,490
Duketon, Western Australia(10)
19.75%
1,500
0.044
70
11,100
0.045
500
12,600
0.045
570
95%
10,800
0.045
490
Jundee, Western Australia
100%
2,300
0.090
210
1,600
0.188
300
3,900
0.130
510
91%
3,800
0.174
650
Kalgoorlie Open Pit and Underground
50%
11,700
0.059
690
38,700
0.056
2,180
50,400
0.057
2,870
85%
55,000
0.057
3,140
Kalgoorlie Stockpiles(4)(5)
50%
57,900
0.023
1,330
0
0
57,900
0.023
1,330
83%
53,900
0.023
1,260
Total Kalgoorlie, Western Australia
50%
69,600
0.029
2,020
38,700
0.056
2,180
108,300
0.039
4,200
84%
108,900
0.040
4,400
Tanami, Northern Territory
100%
5,000
0.174
860
8,900
0.153
1,360
13,900
0.161
2,220
95%
16,700
0.152
2,520
Waihi, New Zealand
100%
100
0.175
20
2,900
0.097
280
3,000
0.101
300
89%
3,200
0.112
360
TOTAL ASIA PACIFIC
358,900
0.023
8,280
1,215,600
0.018
21,670
1,574,500
0.019
29,950
82%
1,677,500
0.019
31,550
Africa
Ahafo Open Pits(11)
100%
0
0
183,100
0.055
10,150
183,100
0.055
10,150
88%
194,700
0.055
10,790
Ahafo Underground(12)
100%
0
0.000
0
4,900
0.13
630
4,900
0.129
630
92%
5,900
0.112
660
Ahafo Stockpiles(4)
100%
27,200
0.030
800
0
0
27,200
0.030
800
86%
21,000
0.030
630
Total Ahafo, Ghana
100%
27,200
0.030
800
188,000
0.057
10,780
215,200
0.054
11,580
88%
221,600
0.055
12,080
Akyem, Ghana(13)
100%
300
0.097
20
144,300
0.051
7,360
144,600
0.051
7,380
88%
144,500
0.051
7,390
TOTAL AFRICA
27,500
0.030
820
332,300
0.055
18,140
359,800
0.053
18,960
88%
366,100
0.053
19,470
TOTAL NEWMONT WORLDWIDE
736,800
0.037
27,390
2,803,100
0.026
71,780
3,539,900
0.028
99,170
81%
3,556,000
0.028
98,750
(1) Reserves are calculated at a a gold price of US$1,400, A$1,400, or NZ$1,800 per ounce unless otherwise noted. 2011 reserves were calculated at a gold price of US$1,200, A$1,250, or NZ$1,600 per ounce unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000 unless they are less than 50,000, and gold ounces have been rounded to the nearest 10,000.
(2) Reserve estimates provided by Barrick, the operator of the Turquoise Ridge Joint Venture.
(3) In-process material is the material on leach pads at the end of each year from which gold remains to be recovered. In-process material reserves are reported separately where tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000.
(4) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000.
(5) Project is under development.
(6) Reserves include the currently undeveloped deposit at La Quinua Sur and Marleny, which contains reserves of 0.5 million attributable ounces.
(7) Reserves estimates were provided by Buenaventura, the operator of the La Zanja project.
(8) Project has completed Feasibility and awaits construction decision. Percentage reflects Newmont's economic interest at the time of Reserve declaration. Mineral agreement with the Government of Suriname allows the government to purchase up to 25% interest in the project within 60 days after exploitation license is issued, which is expected in early 2013.
(9) Percentage reflects Newmont's economic interest as of December 31, 2012.
(10) Reserve estimates provided by Regis Resources Ltd, in which Newmont holds a 19.75% interest.
(11) Includes undeveloped reserves at Yamfo South, Yamfo Central, Techire West, Subenso South, Subenso North, Yamfo Northeast, and Susuan totaling 3.2 million ounces.
(12) Subika Underground project is under development.
(13) Project is under development.
Attributable Proven, Probable, and Combined Gold Reserves(1), Metric Units
December 31, 2012
December 31, 2011
Deposits/Districts by Reporting Unit
Proven Reserves
Probable Reserves
Proven and Probable Reserves
Metallurgical Recovery
Proven + Probable Reserves
Newmont Share
Tonnage
Grade
Gold
Tonnage
Grade
Gold
Tonnage
Grade
Gold
Tonnage
Grade
Gold
(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, Nevada
100%
74,500
2.01
4,810
209,700
1.01
6,840
284,200
1.28
11,650
74%
300,900
1.30
12,620
Carlin Underground, Nevada
100%
13,100
8.66
3,650
8,200
9.78
2,580
21,300
9.09
6,230
86%
16,400
9.66
5,090
Midas, Nevada
100%
100
6.54
30
400
1.90
20
500
3.25
50
90%
700
7.76
160
Phoenix, Nevada
100%
20,600
0.66
440
378,400
0.57
6,990
399,000
0.58
7,430
73%
405,700
0.56
7,250
Twin Creeks, Nevada
100%
6,400
3.47
720
46,500
1.79
2,680
52,900
2.00
3,400
80%
43,800
2.69
3,780
Turquoise Ridge, Nevada(2)
25%
2,000
13.59
860
2,700
12.68
1,080
4,700
13.07
1,940
92%
3,600
15.14
1,760
Nevada In-Process(3)
100%
23,200
0.61
450
0
0
23,200
0.61
450
64%
20,800
0.69
460
Nevada Stockpiles(4)
100%
62,500
1.90
3,830
3,000
0.91
90
65,500
1.86
3,920
75%
61,900
1.77
3,530
Total Nevada
202,400
2.27
14,790
648,900
0.97
20,280
851,300
1.28
35,070
77%
853,800
1.26
34,650
La Herradura, Mexico
44%
77,500
0.59
1,470
65,900
0.54
1,140
143,400
0.57
2,610
67%
101,100
0.72
2,330
TOTAL NORTH AMERICA
279,900
1.81
16,260
714,800
0.93
21,420
994,700
1.18
37,680
77%
954,900
1.20
36,980
South America
Conga, Peru(5)
51.35%
0
0
275,200
0.73
6,460
275,200
0.73
6,460
75%
275,200
0.73
6,460
Yanacocha Open Pits(6)
51.35%
20,900
1.95
1,310
66,600
0.49
1,050
87,500
0.84
2,360
73%
108,800
1.02
3,570
Yanacocha In-Process(3)
51.35%
7,800
0.88
220
0
0
7,800
0.88
220
78%
13,800
0.87
390
Yanacocha Stockpiles(4)
51.35%
7,600
1.86
460
0
0
7,600
1.86
460
60%
Not Disclosed in 2011
Total Yanacocha, Peru
51.35%
36,300
1.70
1,990
66,600
0.49
1,050
102,900
0.92
3,040
72%
122,600
1.00
3,960
La Zanja, Peru(7)
46.94%
1,600
0.71
40
9,800
0.60
190
11,400
0.61
230
66%
19,400
0.54
330
Merian, Suriname(8)
80%
0
0
72,400
1.22
2,850
72,400
1.22
2,850
93%
0
0
TOTAL SOUTH AMERICA
37,900
1.66
2,030
424,000
0.77
10,550
461,900
0.85
12,580
78%
417,200
0.80
10,750
Asia Pacific
Batu Hijau Open Pit(9)
48.5%
119,100
0.57
2,170
151,100
0.19
940
270,200
0.36
3,110
76%
293,600
0.33
3,150
Batu Hijau Stockpiles(5)(9)
48.5%
0
0
127,600
0.11
440
127,600
0.11
440
70%
142,400
0.11
490
Total Batu Hijau, Indonesia
48.5%
119,100
0.57
2,170
278,700
0.15
1,380
397,800
0.28
3,550
76%
436,000
0.26
3,640
Boddington, Western Australia
100%
106,200
0.70
2,390
737,900
0.64
15,270
844,100
0.65
17,660
81%
955,700
0.63
19,490
Boddington Stockpiles
100%
29,000
0.58
540
28,800
0.43
400
57,800
0.50
940
81%
Not Disclosed in 2011
Total Boddington, Western Australia
100%
135,200
0.67
2,930
766,700
0.64
15,670
901,900
0.64
18,600
81%
955,700
0.80
19,490
Duketon, Western Australia(10)
19.75%
1,400
1.51
70
10,100
1.53
500
11,500
1.53
570
95%
9,800
1.54
490
Jundee, Western Australia
100%
2,100
3.10
210
1,500
6.43
300
3,600
4.46
510
91%
3,400
5.95
650
Kalgoorlie Open Pit and Underground
50%
10,600
2.02
690
35,100
1.93
2,180
45,700
1.95
2,870
85%
49,900
1.96
3,140
Kalgoorlie Stockpiles(5)
50%
52,500
0.79
1,330
0
0
52,500
0.79
1,330
83%
48,900
0.80
1,260
Total Kalgoorlie, Western Australia
50%
63,100
1.00
2,020
35,100
1.93
2,180
98,200
1.33
4,200
84%
98,800
1.38
4,400
Tanami, Northern Territory
100%
4,500
5.97
860
8,100
5.25
1,360
12,600
5.51
2,220
95%
15,100
5.20
2,520
Waihi, New Zealand
100%
100
6.01
20
2,600
3.34
280
2,700
3.45
300
89%
2,900
3.85
360
TOTAL ASIA PACIFIC
325,500
0.79
8,280
1,102,800
0.61
21,670
1,428,300
0.65
29,950
82%
1,521,700
0.65
31,550
Africa
Ahafo Open Pits(11)
100%
0
0
166,100
1.90
10,150
166,100
1.90
10,150
88%
176,600
1.90
10,790
Ahafo Underground(12)
100%
0
0
4,400
4.43
630
4,400
4.43
630
92%
5,300
3.82
660
Ahafo Stockpiles(4)
100%
24,700
1.01
800
0
0
24,700
1.01
800
86%
19,100
1.03
630
Total Ahafo, Ghana
100%
24,700
1.01
800
170,500
1.97
10,780
195,200
1.85
11,580
88%
201,000
1.87
12,080
Akyem, Ghana(13)
100%
200
3.33
20
130,900
1.75
7,360
131,100
1.75
7,380
88%
131,100
1.75
7,390
TOTAL AFRICA
24,900
1.03
820
301,400
1.87
18,140
326,300
1.81
18,960
88%
332,100
1.82
19,470
TOTAL NEWMONT WORLDWIDE
668,200
1.27
27,390
2,543,000
0.88
71,780
3,211,200
0.96
99,170
81%
3,225,900
0.95
98,750
See Footnotes under Gold Reserves U.S. units table.
Attributable Gold Mineral Resources(1)(2)- December 31, 2012, 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
Buffalo Valley, Nevada
70%
0
0
17,900
0.018
330
17,900
0.018
330
600
0.010
10
Carlin Trend Open Pit, Nevada
100%
26,200
0.036
940
62,700
0.023
1,430
88,900
0.027
2,370
18,900
0.018
350
Carlin Trend Underground, Nevada
100%
500
0.148
70
800
0.199
170
1,300
0.180
240
4,000
0.26
1,020
Lone Tree Complex, Nevada
100%
0
0
2,200
0.023
50
2,200
0.023
50
5,000
0.016
80
Long Canyon, Nevada
100%
0
0
0
0
0
0
27,900
0.094
2,630
Midas, Nevada
100%
0
0.149
0
100
0.039
0
100
0.056
0
300
0.07
20
Phoenix, Nevada
100%
6,300
0.015
90
191,800
0.013
2,430
198,100
0.013
2,520
117,200
0.012
1,390
Sandman, Nevada
100%
0
0
1,300
0.036
50
1,300
0.036
50
1,100
0.063
70
Turquoise Ridge, Nevada(4)
25%
500
0.365
200
500
0.328
160
1,000
0.347
360
900
0.42
380
Twin Creeks, Nevada
100%
5,100
0.070
350
36,800
0.058
2,120
41,900
0.059
2,470
3,900
0.061
240
Nevada Stockpiles, Nevada (5)
100%
5,800
0.037
210
0
0
5,800
0.037
210
2,300
0.043
100
Total Nevada
44,400
0.042
1,860
314,100
0.021
6,740
358,500
0.024
8,600
182,100
0.034
6,290
La Herradura, Mexico
44%
30,600
0.020
610
39,900
0.017
670
70,500
0.018
1,280
59,400
0.016
940
Total North America
75,000
0.033
2,470
354,000
0.021
7,410
429,000
0.023
9,880
241,500
0.030
7,230
South America
Conga, Peru
51.35%
0
0.000
0
89,300
0.012
1,030
89,300
0.012
1,030
130,500
0.011
1,480
Yanacocha, Peru
51.35%
13,000
0.040
520
24,400
0.016
400
37,400
0.025
920
93,800
0.025
2,360
La Zanja, Peru (6)
46.94%
0
0.006
0
400
0.007
0
400
0.007
0
2,800
0.017
50
Merian, Suriname
80%
0
0
4,100
0.056
230
4,100
0.056
230
30,000
0.030
910
Total South America
13,000
0.040
520
118,200
0.014
1,660
131,200
0.017
2,180
257,100
0.019
4,800
Asia Pacific
Batu Hijau, Indonesia(7)
48.5%
8,100
0.018
150
141,300
0.007
1,040
149,400
0.008
1,190
27,600
0.002
50
Boddington, Western Australia
100%
35,500
0.015
540
225,900
0.013
3,010
261,400
0.014
3,550
15,600
0.015
240
Duketon, Western Australia(8)
19.75%
700
0.016
10
10,200
0.023
240
10,900
0.023
250
24,200
0.026
640
Jundee, Western Australia
100%
0
0
300
0.108
30
300
0.108
30
500
0.138
70
Kalgoorlie, Western Australia
50%
5,300
0.038
200
15,900
0.034
540
21,200
0.035
740
400
0.076
30
McPhilliamys, New South Wales(8)
19.75%
0
0
9,000
0.037
330
9,000
0.037
330
3,500
0.046
160
Tanami, Northern Territories
100%
900
0.129
110
2,800
0.116
330
3,700
0.119
440
7,100
0.193
1,370
Waihi, New Zealand
100%
0
0
1,800
0.267
480
1,800
0.267
480
800
0.192
150
Total Asia Pacific
50,500
0.020
1,010
407,200
0.015
6,000
457,700
0.015
7,010
79,700
0.034
2,710
Africa
Ahafo, Ghana
100.0%
0
0
83,200
0.037
3,050
83,200
0.037
3,050
42,500
0.042
1,770
Subika Underground
100.0%
0
0
0
0.000
0
0
0.000
0
9,400
0.136
1,280
Total Ahafo
100.0%
0
0
83,200
0.037
3,050
83,200
0.037
3,050
51,900
0.059
3,050
Akyem, Ghana
100.0%
0
0
13,300
0.016
210
13,300
0.016
210
3,400
0.030
100
Total Africa
0
0
96,500
0.034
3,260
96,500
0.034
3,260
55,300
0.057
3,150
TOTAL NEWMONT WORLDWIDE
138,500
0.029
4,000
975,900
0.019
18,330
1,114,400
0.020
22,330
633,600
0.028
17,890
(1) Resources are reported exclusive of reserves.
(2) Resources calculated at a gold price of US$1,600 or A$1,600 per ounce unless otherwise noted. 2011 Resources were calculated at a gold price of US$1,400 or A$1,475 per ounce. Tonnage amounts have been rounded to the nearest 100,000 and pounds have been rounded to the nearest 10 thousand.
(3) Measured and Indicated combined Resources are equivalent to Mineralized Material disclosed in Newmont's 10K filing.
(4) Resource estimates provided by Barrick, the operator of the Turquoise Ridge joint venture.
(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 tonnage or ounces are greater than 5% of the total site-reported reserves and ounces are greater than 100,000.
(6) Reserve estimates provided by Buenaventura, the operator of the La Zanja project.
(7) Percentage reflects Newmont's economic interest at December 31, 2012.
(8) Resource estimates provided by Regis Resources Ltd, in which Newmont holds a 19.75% interest.
Attributable Gold Mineral Resources(1)(2)- December 31, 2012, 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
Buffalo Valley, Nevada
70%
0
0
16,200
0.63
330
16,200
0.63
330
500
0.35
10
Carlin Trend Open Pit, Nevada
100%
23,800
1.22
940
56,900
0.78
1,430
80,700
0.91
2,370
17,100
0.63
350
Carlin Trend Underground, Nevada
100%
400
5.07
70
800
6.82
170
1,200
6.19
240
3,600
8.75
1,020
Lone Tree Complex, Nevada
100%
0
0
2,000
0.79
50
2,000
0.79
50
4,600
0.55
80
Long Canyon, Nevada
100%
0
0
0
0
0
0
25,400
3.22
2,630
Midas, Nevada
100%
0
5.10
0
100
1.35
0
100
1.93
0
300
2.27
20
Phoenix, Nevada
100%
5,700
0.50
90
174,000
0.43
2,430
179,700
0.44
2,520
106,300
0.41
1,390
Sandman, Nevada
100%
0
0
1,200
1.23
50
1,200
1.23
50
1,000
2.17
70
Turquoise Ridge, Nevada(4)
25%
500
12.51
200
400
11.25
160
900
11.91
360
800
14.28
380
Twin Creeks, Nevada
100%
4,600
2.39
350
33,400
1.98
2,120
38,000
2.03
2,470
3,600
2.10
240
Nevada Stockpiles, Nevada (5)
100%
5,200
1.25
210
0
0
5,200
1.25
210
2,100
1.48
100
Total Nevada
40,200
1.44
1,860
285,000
0.74
6,740
325,200
0.82
8,600
165,300
1.18
6,290
La Herradura, Mexico
44%
27,700
0.69
610
36,200
0.57
670
63,900
0.62
1,280
53,900
0.54
940
Total North America
67,900
1.13
2,470
321,200
0.72
7,410
389,100
0.79
9,880
219,200
1.02
7,230
South America
Conga, Peru
51.35%
0
0.00
0
81,000
0.40
1,030
81,000
0.40
1,030
118,400
0.39
1,480
Yanacocha, Peru
51.35%
11,800
1.38
520
22,100
0.56
400
33,900
0.85
920
85,100
0.86
2,360
La Zanja, Peru (6)
46.94%
0
0.20
0
300
0.23
0
300
0.23
0
2,600
0.58
50
Merian, Suriname
80%
0
0
3,700
1.90
230
3,700
1.90
230
27,200
1.04
910
Total South America
11,800
1.38
520
107,100
0.48
1,660
118,900
0.57
2,180
233,300
0.64
4,800
Asia Pacific
Batu Hijau, Indonesia(7)
48.5%
7,300
0.62
150
128,200
0.25
1,040
135,500
0.27
1,190
25,000
0.07
50
Boddington, Western Australia
100%
32,200
0.52
540
204,900
0.46
3,010
237,100
0.47
3,550
14,200
0.52
240
Duketon, Western Australia(8)
19.75%
700
0.54
10
9,200
0.80
240
9,900
0.78
250
21,900
0.91
640
Jundee, Western Australia
100%
0
0
200
3.69
30
200
3.69
30
500
4.74
70
Kalgoorlie, Western Australia
50%
4,800
1.29
200
14,500
1.16
540
19,300
1.19
740
300
2.61
30
McPhilliamys, New South Wales(8)
19.75%
0
0
8,200
1.27
330
8,200
1.27
330
3,200
1.57
160
Tanami, Northern Territories
100%
800
4.41
110
2,600
3.97
330
3,400
4.08
440
6,500
6.61
1,370
Waihi, New Zealand
100%
0
0
1,600
9.14
480
1,600
9.14
480
700
6.57
150
Total Asia Pacific
45,800
0.69
1,010
369,400
0.51
6,000
415,200
0.53
7,010
72,300
1.17
2,710
Africa
Ahafo, Ghana
100.0%
0
0
75,500
1.26
3,050
75,500
1.26
3,050
38,500
1.43
1,770
Subika Underground
100.0%
0
0
0
0.00
0
0
0.00
0
8,500
4.66
1,280
Total Ahafo
100.0%
0
0
75,500
1.26
3,050
75,500
1.26
3,050
47,000
2.02
3,050
Akyem, Ghana
100.0%
0
0
12,000
0.55
210
12,000
0.55
210
3,100
1.01
100
Total Africa
0
0
87,500
1.16
3,260
87,500
1.16
3,260
50,100
1.96
3,150
TOTAL NEWMONT WORLDWIDE
125,500
0.99
4,000
885,200
0.64
18,330
1,010,700
0.69
22,330
574,900
0.97
17,890
See footnotes in Gold Resources U.S. units table.
Attributable Copper Reserves(1)U.S. Units
December 31, 2012
December 31, 2011
Deposits/Districts
Newmont Share
Proven Reserves
Probable Reserves
Proven + Probable Reserves
Proven + Probable Reserve
Tonnage
Grade
Copper
Tonnage
Grade
Copper
Tonnage
Grade
Copper
Metallurgical
Tonnage
Grade
Copper
(x1000 tons)
(Cu%)
(million pounds)
(x1000 tons)
(Cu%)
(million pounds)
(x1000 tons)
(Cu%)
(million pounds)
Recovery
(x1000 tons)
(Cu%)
(million pounds)
North America
Phoenix, Nevada
100%
22,700
0.15%
70
420,500
0.15%
1,220
443,200
0.15%
1,290
61%
450,300
0.15%
1,300
Phoenix Copper Leach, Nevada(2)
100%
0
0
177,100
0.24%
850
177,100
0.24%
850
58%
170,200
0.22%
740
TOTAL NORTH AMERICA
22,700
0.15%
70
597,600
0.17%
2,070
620,300
0.17%
2,140
59%
620,500
0.16%
2,040
South America
Conga, Peru(3)
51.35%
0
0
303,400
0.28%
1,690
303,400
0.28%
1,690
85%
303,400
0.28%
1,690
TOTAL SOUTH AMERICA
0
0
303,400
0.28%
1,690
303,400
0.28%
1,690
85%
303,400
0.28%
1,690
Asia Pacific
Batu Hijau(4)
48.5%
131,300
0.51%
1,340
166,600
0.36%
1,220
297,900
0.43%
2,560
75%
323,700
0.41%
2,670
Batu Hijau Stockpiles(4)(5)
48.5%
0
0
140,600
0.33%
940
140,600
0.33%
940
59%
156,900
0.34%
1,060
Batu Hijau, Indonesia
48.5%
131,300
0.51%
1,340
307,200
0.35%
2,160
438,500
0.40%
3,500
71%
480,600
0.39%
3,730
Boddington
100%
117,100
0.10%
230
813,400
0.11%
1,840
930,500
0.11%
2,070
83%
1,053,500
0.11%
2,260
Boddington Stockpiles(5)
100%
32,000
0.10%
60
31,800
0.07%
50
63,800
0.08%
110
83%
Boddington, Western Australia
100%
149,100
0.29%
290
845,200
0.18%
1,890
994,300
0.20%
2,180
83%
1,053,500
0.11%
2,260
TOTAL ASIA PACIFIC
280,400
0.29%
1,630
1,152,400
0.18%
4,050
1,432,800
0.20%
5,680
75%
1,534,100
0.20%
5,990
TOTAL NEWMONT WORLDWIDE
303,100
0.28%
1,700
2,053,400
0.19%
7,810
2,356,500
0.20%
9,510
73%
2,458,000
0.20%
9,720
(1) Reserves are calculated at US$3.25 or A$3.25 per pound copper price unless otherwise noted. 2011 reserves were calculated at US$3.00 or A$3.15 per pound copper price unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000 and pounds have been rounded to the nearest 10 million.
(2) Project is under development. Leach reserves are within Phoenix Reserve Pit.
(3) Project is under development.
(4) Percentage reflects Newmont's economic interest at December 31, 2012.
(5) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material. Stockpiles increase or decrease depending on current mine plans. Stockpiles are reported separately where tonnage or contained metal are greater than 5% of the total site reported reserves.
Attributable Copper Reserves(1)Metric Units
December 31, 2012
December 31, 2011
Deposits/Districts
Proven Reserves
Probable Reserves
Proven + Probable Reserves
Proven + Probable Reserve
Newmont Share
Tonnage
Grade
Copper
Tonnage
Grade
Copper
Tonnage
Grade
Copper
Metallurgical
Tonnage
Grade
Copper
(x1000 tonnes)
(Cu%)
(Tonnes)
(x1000 tonnes)
(Cu%)
(Tonnes)
(x1000 tonnes)
(Cu%)
(Tonnes)
Recovery
(x1000 tonnes)
(Cu%)
(Tonnes)
North America
Phoenix, Nevada
100%
20,600
0.15%
31,570
381,500
0.15%
554,220
402,100
0.15%
585,790
61%
408,500
0.15%
593,140
Phoenix Copper Leach, Nevada(2)
100%
0
0
160,600
0.24%
384,130
160,600
0.24%
384,130
58%
154,400
0.22%
339,680
TOTAL NORTH AMERICA
20,600
0.15%
31,570
542,100
0.17%
938,350
562,700
0.17%
969,920
59%
562,900
0.16%
932,820
South America
Conga, Peru(3)
51.35%
0
0
275,200
0.28%
767,420
275,200
0.28%
767,420
85%
275,200
0.28%
767,300
TOTAL SOUTH AMERICA
0
0
275,200
0.28%
767,420
275,200
0.28%
767,420
85%
303,400
0.28%
767,300
Asia Pacific
Batu Hijau(4)
48.5%
119,100
0.51%
606,440
151,100
0.36%
551,440
270,200
0.43%
1,157,880
75%
293,700
0.41%
1,211,990
Batu Hijau Stockpiles(4)(5)
48.5%
0
0
127,600
0.33%
425,430
127,600
0.33%
425,430
59%
142,300
0.34%
481,570
Batu Hijau, Indonesia
48.5%
119,100
0.51%
606,440
278,700
0.35%
976,870
397,800
0.40%
1,583,310
71%
436,000
0.39%
1,693,560
Boddington
100%
106,200
0.10%
106,500
737,900
0.11%
832,830
844,100
0.11%
939,330
83%
955,700
0.11%
1,025,450
Boddington Stockpiles(5)
100%
29,000
0.10%
27,930
28,800
0.07%
20,880
57,800
0.08%
48,810
83%
Boddington, Western Australia
100%
135,200
0.10%
134,430
766,700
0.11%
853,710
901,900
0.11%
988,140
83%
955,700
0.11%
1,025,450
TOTAL ASIA PACIFIC
254,300
0.29%
740,870
1,045,400
0.18%
1,830,580
1,299,700
0.20%
2,571,450
75%
1,534,100
0.20%
2,719,010
TOTAL NEWMONT WORLDWIDE
274,900
0.28%
772,440
1,862,700
0.19%
3,536,350
2,137,600
0.20%
4,308,790
73%
2,458,000
0.20%
4,419,130
See Footnotes under Copper Reserves U.S. units table.
Attributable Copper Mineral Resources(1)(2)
December 31, 2012
Deposits/Districts
Measured Resources
Indicated Resources
Measured + Indicated Resources(3)
Inferred Resources
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%
6,300
0.07%
10
191,800
0.08%
300
198,100
0.08%
310
119,600
0.10%
230
Phoenix Copper Leach, Nevada
100%
1,000
0.34%
10
21,300
0.25%
110
22,300
0.25%
120
16,900
0.20%
70
TOTAL NORTH AMERICA
7,300
0.11%
20
213,100
0.09%
410
220,400
0.10%
430
136,500
0.11%
300
South America
Conga, Peru
51.35%
0
0
89,300
0.19%
350
89,300
0.19%
350
130,480
0.19%
490
TOTAL SOUTH AMERICA
0
0
89,300
0.19%
350
89,300
0.19%
350
130,480
0.19%
490
Asia Pacific
Batu Hijau, Indonesia(4)
48.5%
8,100
0.37%
60
141,300
0.34%
970
149,400
0.34%
1,030
27,600
0.27%
150
Boddington, Western Australia
100%
35,500
0.07%
50
225,900
0.08%
360
261,400
0.08%
410
15,600
0.11%
30
TOTAL ASIA PACIFIC
43,600
0.12%
110
367,200
0.18%
1,330
410,800
0.18%
1,440
43,200
0.21%
180
TOTAL NEWMONT WORLDWIDE
50,900
0.12%
130
669,600
0.16%
2,090
720,500
0.15%
2,220
310,180
0.16%
970
(1) Resources are reported exclusive of reserves.
(2) Resources calculated at a copper price of US$3.50 or A$3.50 per pound unless otherwise noted. 2011 Resources were calculated at a copper price of US$3.50 or A$3.70 per pound. Tonnage amounts have been rounded to the nearest 100,000 and pounds have been rounded to the nearest 10 million.
(3) Measured and Indicated combined Resources are equivalent to Mineralized Material disclosed in Newmont's 10K filing.
(4) Percentage reflects Newmont's economic interest at December 31, 2012.
Attributable Copper Mineral Resources(1)(2)Metric Units
December 31, 2012
Deposits/Districts
Measured Resources
Indicated Resources
Measured + Indicated Resources(3)
Inferred Resources
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%
5,700
0.07%
4,110
174,000
0.08%
135,170
179,700
0.08%
139,280
108,500
0.10%
104,570
Phoenix Copper Leach, Nevada
100%
900
0.34%
3,060
19,300
0.25%
48,300
20,200
0.25%
51,360
15,300
0.20%
30,540
TOTAL NORTH AMERICA
6,600
0.11%
7,170
193,300
0.09%
183,470
199,900
0.10%
190,640
123,800
0.11%
135,110
South America
Conga, Peru
51.35%
0
0
81,000
0.19%
156,960
81,000
0.19%
156,960
118,400
0.19%
221,030
TOTAL SOUTH AMERICA
0
0
81,000
0.19%
156,960
81,000
0.19%
156,960
118,400
0.19%
221,030
Asia Pacific
Batu Hijau, Indonesia(3)
48.5%
7,300
0.37%
27,230
128,200
0.34%
440,320
135,500
0.34%
467,550
25,000
0.27%
68,080
Boddington, Western Australia
100%
32,200
0.07%
21,090
204,900
0.08%
164,200
237,100
0.08%
185,290
14,200
0.11%
15,040
TOTAL ASIA PACIFIC
39,500
0.12%
48,320
333,100
0.18%
604,520
372,600
0.18%
652,840
39,200
0.21%
83,120
TOTAL NEWMONT WORLDWIDE
46,100
0.12%
55,490
607,400
0.16%
944,950
653,500
0.15%
1,000,440
281,400
0.16%
439,260
See Footnotes under Copper Resources U.S. units table.
Attributable Proven, Probable, and Combined Silver Reserves(1)U.S. Units
December 31, 2012
December 31, 2011
Deposits/Districts by Reporting Unit
Proven Reserves
Probable Reserves
Proven and Probable Reserves
Metallurgical Recovery
Proven and Probable Reserves
Newmont Share
Tonnage
Grade
Silver
Tonnage
Grade
Silver
Tonnage
Grade
Silver
Tonnage
Grade
Silver
(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
Midas, Nevada
100%
200
3.072
510
400
9.731
3,900
600
7.791
4,410
90%
800
7.201
5,250
Phoenix, Nevada
100%
22,700
0.288
6,540
420,500
0.252
106,040
443,200
0.254
112,580
36%
450,300
0.244
109,980
TOTAL NORTH AMERICA
22,900
0.308
7,050
420,900
0.261
109,940
443,800
0.264
116,990
38%
451,100
0.255
115,230
South America
Conga, Peru
51.35%
0
0
303,400
0.064
19,400
303,400
0.064
19,400
70%
303,400
0.064
19,400
Yanacocha Open Pits, Peru
51.35%
19,700
0.167
3,300
65,700
0.078
5,110
85,400
0.098
8,410
29%
89,600
0.125
11,240
Yanacocha In-Process(2)
51.35%
0
0
71,600
0.257
18,370
71,600
0.257
18,370
10%
59,500
0.485
28,840
Yanacocha Stockpiles(3)
51.35%
8,400
1.235
10,380
0
0
8,400
1.235
10,380
31%
6,100
1.235
7,430
Total Yanacocha, Peru
51.35%
28,100
0.486
13,680
137,300
0.171
23,480
165,400
0.225
37,160
20%
155,200
0.306
47,510
TOTAL SOUTH AMERICA
28,100
0.486
13,680
440,700
0.097
42,880
468,800
0.121
56,560
37%
458,600
0.146
66,910
Asia Pacific
Batu Hijau Open Pit(4)
48.5%
131,300
0.047
6,120
166,600
0.024
3,980
297,900
0.034
10,100
78%
323,700
0.032
10,410
Batu Hijau Stockpiles(3)(4)
48.5%
0
0
140,600
0.015
2,140
140,600
0.015
2,140
72%
156,900
0.015
2,430
Total Batu Hijau, Indonesia
48.5%
131,300
0.047
6,120
307,200
0.020
6,120
438,500
0.028
12,240
77%
480,600
0.027
12,840
TOTAL ASIA PACIFIC
131,300
0.047
6,120
307,200
0.020
6,120
438,500
0.028
12,240
77%
480,600
0.027
12,840
TOTAL NEWMONT WORLDWIDE
182,300
0.147
26,850
1,168,800
0.136
158,940
1,351,100
0.138
185,790
40%
1,390,300
0.140
194,980
(1) Reserves are calculated at a a silver price of US$30.00, A$30.00, or NZ$38.75 per ounce unless otherwise noted. 2011 reserves were calculated at a silver price of US$22.00, A$23.00, or NZ$29.00 per ounce unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000 unless they are less than 50,000, and silver ounces have been rounded to the nearest 10,000.
(2) In-process material is the material on leach pads at the end of each year from which gold remains to be recovered. In-process material reserves are reported separately where tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000.
(3) 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 tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000.
(4) Percentage reflects Newmont's economic interest at December 31, 2012.
Attributable Proven, Probable, and Combined Silver Reserves(1) Metric Units
December 31, 2012
December 31, 2011
Deposits/Districts by Reporting Unit
Proven Reserves
Probable Reserves
Proven and Probable Reserves
Metallurgical Recovery
Proven and Probable Reserves
Newmont Share
Tonnage
Grade
Silver
Tonnage
Grade
Silver
Tonnage
Grade
Silver
Tonnage
Grade
Silver
(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
Midas, Nevada
100%
100
105.3
510
400
333.6
3,900
500
267.1
4,410
90%
700
246.9
5,250
Phoenix, Nevada
100%
20,600
9.9
6,540
381,500
8.6
106,040
402,100
8.7
112,580
36%
408,500
8.4
109,980
TOTAL NORTH AMERICA
20,700
10.6
7,050
381,900
9.0
109,940
402,600
9.0
116,990
38%
409,200
8.8
115,230
South America
Conga, Peru
51.35%
0
0
275,200
2.2
19,400
275,200
2.2
19,400
70%
275,200
2.2
19,400
Yanacocha Open Pits, Peru
51.35%
17,900
5.7
3,300
59,600
2.7
5,110
77,500
3.4
8,410
29%
81,300
4.3
11,240
Yanacocha In-Process(2)
51.35%
0
0
64,900
8.8
18,370
64,900
8.8
18,370
10%
54,000
16.6
28,840
Yanacocha Stockpiles(3)
51.35%
7,600
42.4
10,380
0
0
7,600
42.4
10,380
31%
5,500
42.3
7,430
Total Yanacocha, Peru
51.35%
25,500
16.7
13,680
124,500
5.9
23,480
150,000
7.7
37,160
20%
140,800
10.5
47,510
TOTAL SOUTH AMERICA
25,500
16.7
13,680
399,700
3.3
42,880
425,200
4.1
56,560
37%
416,000
5.0
66,910
Asia Pacific
Batu Hijau Open Pit(4)
48.5%
119,100
1.6
6,120
151,100
0.8
3,980
270,200
1.2
10,100
78%
293,700
1.1
10,410
Batu Hijau Stockpiles(3)(4)
48.5%
0
0
127,600
0.5
2,140
127,600
0.5
2,140
72%
142,300
0.5
2,430
Total Batu Hijau, Indonesia
48.5%
119,100
1.6
6,120
278,700
0.7
6,120
397,800
1.0
12,240
77%
436,000
0.9
12,840
TOTAL ASIA PACIFIC
119,100
1.6
6,120
278,700
0.7
6,120
397,800
1.0
12,240
77%
436,000
0.9
12,840
TOTAL NEWMONT WORLDWIDE
165,300
5.0
26,850
1,060,300
4.7
158,940
1,225,600
4.7
185,790
40%
1,261,200
4.8
194,980
See Footnotes under Silver Reserves U.S. units table.
Attributable Silver Mineral Resources(1)(2)U.S. Units
December 31, 2012
Deposits/Districts
Measured Resources
Indicated Resources
Measured + Indicated Resources(3)
Inferred Resources
Newmont Share
Tonnage
Grade
Ag
Tonnage
Grade
Ag
Tonnage
Grade
Ag
Tonnage
Grade
Ag
(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
Sandman, Nevada
100%
0
0
1,300
0.199
300
1,300
0.199
300
1,100
0.167
200
Midas, Nevada
100%
0
2.236
40
100
7.717
700
100
6.879
740
300
7.156
2,500
Phoenix, Nevada
100%
6,300
0.185
1,200
191,800
0.186
35,700
198,100
0.186
36,900
117,200
0.202
23,700
Phoenix Stockpiles, Nevada(4)
100%
0
0
0
0
0
0
2,300
0.089
200
TOTAL NORTH AMERICA
6,300
0.190
1,240
193,200
0.190
36,700
199,500
0.190
37,940
120,900
0.220
26,600
South America
Conga, Peru
51.35%
0
0
0
89,300
0.047
4,200
89,300
0.047
4,200
99,100
0.033
3,300
Yanacocha, Peru
51.35%
12,700
0.434
5,500
16,700
0.080
1,300
29,400
0.233
6,800
10,000
0.425
4,300
TOTAL SOUTH AMERICA
12,700
0.434
5,500
106,000
0.052
5,500
118,700
0.093
11,000
109,100
0.069
7,600
Asia Pacific
Batu Hijau, Indonesia(5)
48.5%
8,100
0.038
300
141,300
0.027
3,700
149,400
0.027
4,000
27,600
0.016
400
TOTAL ASIA PACIFIC
8,100
0.038
300
141,300
0.027
3,700
149,400
0.027
4,000
27,600
0.016
400
TOTAL NEWMONT WORLDWIDE
27,100
0.259
7,040
440,500
0.104
45,900
467,600
0.113
52,940
257,600
0.134
34,600
(1) Mineral Resources reported exclusive of reserves.
(2) Mineral Resources calculated at a silver price of US$35.00, A$35.00, or NZ$45.00 per ounce unless otherwise noted. 2011 Resources were calculated at a silver price of US$26.00, A$27.50, or NZ$34.50 per ounce. Tonnage amounts have been rounded to the nearest 100,000.
(3) Measured and Indicated combined Resources are equivalent to Mineralized Material disclosed in Newmont's 10K filing.
(4) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans.
(5) Percentage reflects Newmont's economic interest at December 31, 2012.
Attributable Silver Mineral Resources(1)(2)Metric Units
December 31, 2012
Deposits/Districts
Measured Resources
Indicated Resources
Measured + Indicated Resources(3)
Inferred Resources
Newmont Share
Tonnage
Grade
Ag
Tonnage
Grade
Ag
Tonnage
Grade
Ag
Tonnage
Grade
Ag
(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
Sandman, Nevada
100%
0
0
1,200
6.8
300
1,200
6.8
300
1,000
5.7
200
Midas, Nevada
100%
0
76.7
40
100
264.6
700
100
235.8
740
300
245.4
2,500
Phoenix, Nevada
100%
5,700
6.3
1,200
174,000
6.4
35,700
179,700
6.4
36,900
106,300
6.9
23,700
Phoenix Stockpiles, Nevada(4)
100%
0
0
0
0
0
0
2,100
3.1
200
TOTAL NORTH AMERICA
5,700
6.5
1,240
175,300
6.5
36,700
181,000
6.5
37,940
109,700
7.5
26,600
South America
Conga, Peru
51.35%
0
0
81,000
1.6
4,200
81,000
1.6
4,200
89,900
1.1
3,300
Yanacocha, Peru
51.35%
11,500
14.9
5,500
15,100
2.7
1,300
26,600
8.0
6,800
9,100
14.6
4,300
TOTAL SOUTH AMERICA
11,500
14.9
5,500
96,100
1.8
5,500
107,600
3.2
11,000
99,000
2.4
7,600
Asia Pacific
Batu Hijau, Indonesia(5)
48.5%
7,300
1.3
300
128,200
0.9
3,700
135,500
0.9
4,000
25,000
0.5
400
TOTAL ASIA PACIFIC
7,300
1.3
300
128,200
0.9
3,700
135,500
0.9
4,000
25,000
0.5
400
TOTAL NEWMONT WORLDWIDE
24,500
8.9
7,040
399,600
3.6
45,900
424,100
3.9
52,940
233,700
4.6
34,600
See Footnotes under Silver Resources U.S. units table.
To view more detailed financial disclosure, including regional mine statistics, Results of Consolidated Operations, Liquidity and Capital Resources, Management's Discussion & Analysis, relevant Risk Factors, and a complete outline of the 2012 Operating and Financial guidance by region, please see the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 22, 2013, available at www.newmont.com.
Newmont Mining Corporation (NYSE: NEM) announced it will report Fourth Quarter and Year-End 2012 results after the market closes on Thursday, February 21, 2013. A conference call will be held on Friday, February 22 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the Company's website.
Conference Call Details
Dial-In Number: 888.566.1822
Intl Dial-In Number: 312.470.711
Leader: John Seaberg
Passcode: Newmont
Replay Number: 866-380-6745
Intl Replay Number: 203-369-0348
Replay Passcode: 2013
Webcast Details: http://services.choruscall.com/links/newmont130222.html
The Fourth Quarter and Year-End 2012 results and related financial and statistical information will be available after the market close on Thursday, February 21, 2013 on the "Investor Relations" section of the Company's web site, www.newmont.com. Additionally, the conference call will be archived for a limited time on the Company's website.
Cautionary Statement Regarding Forward Looking Statements, Including 2013 Outlook:
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation: (i) estimates of future production and sales; (ii) estimates of future costs applicable to sales; (iii) estimates of future consolidated and attributable capital expenditures, CAS, and all-in sustaining cost; (iv) estimates of future exploration spending; and (v) expectations regarding the development, growth and exploration potential of the Company's projects. 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 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; and (vii) the accuracy of our current mineral reserve and mineral resource estimates. 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". 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, 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 2012 Form 10-K, filed on February 22, 2013, 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," including, without limitation, outlook, 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. 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.
Cautionary Statement regarding Reserves and Resource:
Ian Douglas, Newmont's Group Executive of Reserves, is the qualified person responsible for the preparation of the Reserve and Resource estimates in this presentation. The Reserves disclosed in this presentation have been prepared in compliance with Industry Guide 7 published by the SEC. As used in this news release, the term "Reserve" means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination. The term "economically," as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a full feasibility study to be viable and justifiable under reasonable investment and market assumptions. The term "legally," as used in this definition, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont's current mine plans. Reserves in this news release may be aggregated from the Proven and Probable classes. The terms "Mineral Resources" or "Resources" and Measured, Indicated and Inferred resources are used in this news release. Investors are advised that the SEC does not recognize these 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 Resources. 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 Mineral Reserves of the company. 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. Also, disclosure of contained ounces is permitted under SME and other regulatory guideline; however, the SEC generally requires mineral resource information to be reported only as in-place tonnage and grade. In addition, our current or future reserves and exploration and development projects may not result in new mineral producing operations. Even if significant mineralization is discovered and converted to reserves, it will likely take many years from the initial phases of exploration to development and ultimately to production, during which time the economic feasibility of production may change. Additionally, references to "attributable ounces," "attributable pounds" and "attributable mineralization" in this news release are intended to mean that portion of gold or copper produced, sold or included in Proven and Probable Reserves or Resources that is attributable to our ownership or economic interest.
SOURCE Newmont Mining Corporation
Investors, John Seaberg, 1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson, 1-303-837-6049 karli.anderson@newmont.com, or Media, Omar Jabara, 1-303-837-5114. omar.jabara@newmont.com, or Diane Reberger, 1-303-967-9455, diane.reberger@newmont.com
