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Newmont Reports 2017 Reserves and Resources; Reserve Additions Replace Depletion, Resources Increase

21.02.2018  |  Business Wire

Newmont Mining Corp. (NYSE: NEM) (Newmont or the Company) reported gold reserves of 68.5 million attributable ounces for 2017, unchanged from 2016 as additions and revisions fully replaced depletion at a constant gold price, and increased gold resources1 to 48.2 million ounces.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180221005358/en/

2017 attributable gold Reserves (Moz) (Graphic: Business Wire)

The Company added 6.4 million ounces of gold reserves, 4.4 million ounces through exploration and projects and 2.0 million ounces through revisions and acquisitions. Newmont reported 5.3 million ounces of attributable mine production in 2017 resulting in 6.4 million contained ounces of reserve depletion.

Notable additions and revisions for the year include 1.8 million ounces at Boddington, 0.8 million ounces each at Carlin Underground and Cripple Creek & Victor, 0.7 million equity ounces at Turquoise Ridge, 0.6 million ounces at Ahafo Open Pits and 0.4 million ounces at Tanami. These improvements demonstrate a strengthened reserve base across the portfolio.

Gold reserve grades decreased five percent to 1.14 grams per tonne compared to 1.20 grams per tonne in the prior year, largely due to the conversion of lower grade ounces at Boddington and Cripple Creek & Victor.

Gold resources increased to 48.2 million ounces, up one percent from the prior year and offsetting the conversion of resource ounces to reserves. The Company added 6.9 million ounces of gold resource through exploration and studies at a constant gold price and 0.7 million ounces through acquisitions which more than offset the conversion of 7.2 million ounces to reserves.

Notable resource additions include first-time declarations at Akyem Underground of 1.3 million ounces and Sabajo (Merian) of 0.6 million equity ounces, 0.9 million ounces at Tanami, 0.7 million ounces at Turquoise Ridge and further additions of 0.5 million ounces each at Yanacocha, Boddington, Carlin Open Pit, Carlin Underground and Ahafo Underground.

Resource grades improved seven percent to 0.92 grams per tonne compared to 0.86 grams per tonne in the prior year, largely due to higher grade underground additions at Akyem, Carlin, Ahafo and Turquoise Ridge, and the conversion of lower grade resource ounces to reserves at Boddington and Cripple Creek & Victor.

The Company reported attributable Measured and Indicated2 gold resources of 34.3 million ounces, up two percent from the prior year, and 14.0 million ounces of attributable Inferred gold resources, unchanged from the prior year.

Copper

The Company increased copper reserves by seven percent to 1.2 million tonnes and copper resources1 were largely unchanged at 2.3 million tonnes.

Exploration Outlook

Newmont’s total attributable exploration expenditure3 is expected to increase to approximately $230 million in 2018 with about 70 percent allocated to just-in-time delivery of the highest margin reserves and resources and the remaining 30 percent allocated to greenfields, brownfields and innovation programs. Geographically, the Company expects to spend about 39 percent of this amount in North America, 20 percent in Australia and the remainder in South America, Africa and other locations.

Gold Reserve Sensitivity

A $100 increase in gold price would result in an approximate seven percent increase in gold reserves while a $100 decrease in gold price would result in an approximate eight percent decrease in gold reserves. These sensitivities assume an oil price of $55 per barrel (WTI) and an Australian dollar exchange rate of $0.75.

For additional details on Newmont’s reported Gold, Copper and Silver Mineral Reserves and Resources, please refer to the tables at the end of this release.

Key Assumptions:

Years Ended December 31,
2017 2016
Gold Reserves (US$/oz) $1,200 $1,200
Gold Resources (US$/oz) $1,400 $1,400
Copper Reserves (US$/lb) $2.50 $2.50
Copper Resources (US$/lb) $3.25 $3.00
Australian Dollar (A$:US$) $0.75 $0.75
West Texas Intermediate (US$/bbl) $55 $55

1

Resources include measured, indicated and inferred resources; see cautionary statement at the end of this release regarding reserves and resources.

2

Totals may not sum due to rounding; see Attributable Gold Mineral Resources tables at the end of this release.

3

Includes capitalized and expensed exploration.

Reserve and Resource Tables

Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determine 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 assumed processing methods. The cut-off grade, or lowest grade of 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 those contained prior to losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold or 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 those contained prior to 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. Please refer to the reserves and resources cautionary statement at the end of the release.

We publish reserves and resources annually, and will recalculate reserves and resources at year-end 2018, taking into account metal prices, changes, if any, in future production and capital costs, mine designs, model changes, divestments and depletion as well as any acquisitions and additions during 2018.

Attributable Proven, Probable, and Combined Gold Reserves(1), U.S. Units

December 31, 2017

December 31, 2016
Proven Reserves Probable Reserves Proven and Probable Reserves Proven + Probable Reserves
Newmont Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3) Metallurgical Tonnage(2) Grade Gold(3)
Deposits/Districts by Reporting Unit Share (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) Recovery(3) (x1000 tons) (oz/ton) (x1000 ozs)
North America

Carlin Open Pits(4)

100 % 2,900 0.107 310 255,100 0.031 8,030 258,000 0.032 8,340 59 % 255,300 0.033 8,500

Carlin Stockpiles(5)

100 % 18,900 0.062 1,180 18,900 0.062 1,180 84 % 21,200 0.063 1,330

Carlin Underground(6)

100 % 12,000 0.297 3,550 6,400 0.278 1,760 18,400 0.291 5,310 84 % 18,600 0.278 5,170
Total Carlin, Nevada 33,800 0.149 5,040 261,500 0.037 9,790 295,300 0.050 14,830 70 % 295,100 0.051 15,000

Phoenix(7)

100 % 6,200 0.023 140 243,700 0.016 3,890 249,900 0.016 4,030 74 % 256,600 0.017 4,340
Lone Tree 100 % 3,700 0.007 20 3,700 0.007 20 39 % 3,800 0.011 40
Total Phoenix, Nevada 9,900 0.016 160 243,700 0.016 3,890 253,600 0.016 4,050 74 % 260,400 0.017 4,380

Turquoise Ridge(8)

25 % 2,600 0.455 1,200 1,800 0.452 780 4,400 0.454 1,980 92 % 2,900 0.455 1,340

Twin Creeks(9)

100 % 4,200 0.033 140 27,700 0.045 1,260 31,900 0.044 1,400 75 % 29,900 0.053 1,590

Twin Creeks Stockpiles(5)

100 % 31,900 0.063 2,010 31,900 0.063 2,010 72 % 32,000 0.063 2,000
Total Twin Creeks, Nevada 38,700 0.087 3,350 29,500 0.069 2,040 68,200 0.079 5,390 80 % 64,800 0.076 4,930

Long Canyon, Nevada(10)

100 % 900 0.066 60 20,700 0.048 1,010 21,600 0.049 1,070 76 % 19,200 0.061 1,170

CC&V(11)

100 % 102,000 0.017 1,770 23,500 0.014 320 125,500 0.017 2,090 62 % 90,400 0.021 1,870

CC&V Leach Pad(12)

100 % 45,800 0.025 1,140 45,800 0.025 1,140 56 % 48,500 0.025 1,210

CC&V Stockpiles(5)

100 % 2,900 0.084 250 2,900 0.084 250 85 % 2,800 0.112 310
Total CC&V, Colorado 104,900 0.019 2,020 69,300 0.021 1,460 174,200 0.020 3,480 62 % 141,700 0.024 3,390
TOTAL NORTH AMERICA 188,200 0.057 10,630 624,700 0.029 18,190 812,900 0.035 28,820 75 % 781,200 0.037 28,870
South America

Yanacocha Open Pits(13)

54.05 % 12,500 0.022 270 80,500 0.018 1,450 93,000 0.018 1,720 70 % 99,300 0.018 1,810

Yanacocha Leach Pad(12)

54.05 % 6,300 0.022 130 6,300 0.022 130 73 % 8,600 0.020 170

Yanacocha Stockpiles(5)

54.05 % 5,100 0.042 220 5,100 0.042 220 56 % 5,800 0.044 260

Total Yanacocha, Peru(22)

23,900 0.026 620 80,500 0.018 1,450 104,400 0.020 2,070 69 % 113,700 0.020 2,240

Merian, Suriname(14)

75 % 39,600 0.043 1,720 72,000 0.031 2,250 111,600 0.036 3,970 93 % 116,800 0.037 4,290
TOTAL SOUTH AMERICA 63,500 0.037 2,340 152,500 0.024 3,700 216,000 0.028 6,040 83 % 230,500 0.028 6,530
Australia

Boddington Open Pit(15)

100 % 268,800 0.021 5,570 277,700 0.020 5,680 546,500 0.021 11,250 83 % 467,600 0.022 10,300

Boddington Stockpiles(5)

100 % 15,400 0.017 260 89,100 0.013 1,140 104,500 0.013 1,400 77 % 99,600 0.013 1,340
Total Boddington, Western Australia 284,200 0.020 5,830 366,800 0.019 6,820 651,000 0.019 12,650 83 % 567,200 0.021 11,640

Tanami, Northern Territory(16)

100 % 10,000 0.172 1,740 16,400 0.162 2,670 26,400 0.166 4,410 98 % 25,600 0.175 4,480

Kalgoorlie Open Pit and Underground(17)

50 % 7,400 0.059 440 26,400 0.064 1,700 33,800 0.063 2,140 83 % 40,200 0.063 2,530

Kalgoorlie Stockpiles(5)

50 % 75,400 0.023 1,730 75,400 0.023 1,730 74 % 70,100 0.023 1,610
Total Kalgoorlie, Western Australia 82,800 0.026 2,170 26,400 0.064 1,700 109,200 0.035 3,870 79 % 110,300 0.038 4,140
TOTAL AUSTRALIA 377,000 0.026 9,740 409,600 0.027 11,190 786,600 0.027 20,930 84 % 703,100 0.029 20,260
Africa

Ahafo South Open Pits(18)

100 % 17,100 0.062 1,060 54,200 0.050 2,700 71,300 0.053 3,760 90 % 64,500 0.054 3,500

Ahafo Underground(19)

100 %

11,600 0.136 1,590 11,600 0.136 1,590 93 % 11,700 0.131 1,530

Ahafo Stockpiles(5)

100 % 41,300 0.028 1,160 41,300 0.028 1,160 87 % 42,000 0.028 1,190
Total Ahafo South, Ghana 58,400 0.038 2,220 65,800 0.065 4,290 124,200 0.052 6,510 90 % 118,200 0.053 6,220

Ahafo North, Ghana(20)

100 % 48,000 0.070 3,350 48,000 0.070 3,350 91 % 47,900 0.069 3,330

Akyem Open Pit(21)

100 % 13,200 0.050 660 38,400 0.048 1,840 51,600 0.048 2,500 90 % 60,700 0.047 2,880

Akyem Stockpiles(5)

100 % 11,200 0.028 320 11,200 0.028 320 90 % 10,800 0.035 370
Total, Akyem, Ghana 24,400 0.040 980 38,400 0.048 1,840 62,800 0.045 2,820 90 % 71,500 0.045 3,250
TOTAL AFRICA 82,800 0.038 3,200 152,200 0.062 9,480 235,000 0.054 12,680 90 % 237,600 0.054 12,800
TOTAL NEWMONT WORLDWIDE 711,500 0.036 25,910 1,339,000 0.032 42,560 2,050,500 0.033 68,470 81 % 1,952,400 0.035 68,460
(1) See cautionary statement regarding reserves and resources at end of release. 2017 and 2016 reserves were calculated at a gold price of $1,200, or A$1,600 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 may not recalculate as they are rounded to the nearest 10,000.
(4) Cut-off grades utilized in 2017 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 2017 reserves not less than 0.042 ounce per ton.
(7) Gold cut-off grade varies with level of copper and silver credits.
(8)

Reserves estimates provided by Barrick as of February 5th 2018, the operator of the Turquoise Ridge joint venture.

(9) Cut-off grades utilized in 2017 reserves were as follows: oxide leach material not less than 0.007 ounce per ton; oxide mill material not less than 0.019 ounce per ton; and refractory mill material not less than 0.038 ounce per ton.
(10) Cut-off grade utilized in 2017 reserves not less than 0.007 ounce per ton.
(11) Cut-off grades utilized in 2017 reserves were as follows: oxide mill material not less than 0.040 ounce per ton and leach material not less than 0.005 ounce per ton.
(12) 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.
(13) Gold cut-off grades utilized in 2017 reserves were as follows: oxide leach material not less than 0.004 ounce per ton; and oxide mill material not less than 0.011 ounce per ton.
(14) Cut-off grades utilized in 2017 reserves not less than 0.011 ounce per ton.
(15) Gold cut-off grade varies with level of copper credits.
(16) Cut-off grade utilized in 2017 reserves not less than 0.058 ounce per ton.
(17) Cut-off grade utilized in 2017 insitu reserves not less than 0.026 ounce per ton.
(18) Cut-off grade utilized in 2017 reserves not less than 0.016 ounce per ton.
(19) Cut-off grade utilized in 2017 reserves not less than 0.076 ounce per ton.
(20) Includes undeveloped reserves at six pits in the Ahafo trend totaling 3.4 million ounces. Cut-off grade utilized in 2017 reserves not less than 0.014 ounce per ton.
(21) Cut-off grade utilized in 2017 reserves not less than 0.017 ounce per ton.
(22) 2016 Yanacocha ownership was 51.35%.
Attributable Proven, Probable, and Combined Gold Reserves(1), Metric Units

December 31, 2017

December 31, 2016
Proven Reserves Probable Reserves Proven and Probable Reserves Proven + Probable Reserves
Newmont Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3) Metallurgical Tonnage(2) Grade Gold(3)
Deposits/Districts by Reporting Unit Share (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) Recovery(3) (x1000 tonnes) (g/tonne) (x1000 ozs)
North America
Carlin Open Pits 100 % 2,600 3.66 310 231,400 1.08 8,030 234,000 1.11 8,340 59 % 231,600 1.14 8,500

Carlin Stockpiles(5)

100 % 17,200 2.14 1,180 17,200 2.14 1,180 84 % 19,200 2.14 1,330
Carlin Underground 100 % 10,800 10.19 3,550 5,600 9.53 1,760 16,400 9.96 5,310 84 % 16,900 9.53 5,170

Total Carlin, Nevada

30,600 5.12 5,040 237,000 1.28 9,790 267,600 1.72 14,830 70 % 267,700 1.74 15,000
Phoenix 100 % 5,600 0.77 140 221,000 0.55 3,890 226,600 0.55 4,030 74 % 232,800 0.58 4,340
Lone Tree 100 % 3,400 0.25 20 3,400 0.25 20 39 % 3,400 0.41 40
Total Phoenix, Nevada 9,000 0.55 160 221,000 0.55 3,890 230,000 0.55 4,050 74 % 236,200 0.58 4,380

Turquoise Ridge(8)

25 % 2,400 15.61 1,200 1,500 15.48 780 3,900 15.56 1,980 92 % 2,700 15.21 1,340
Twin Creeks 100 % 3,800 1.15 140 25,100 1.56 1,260 28,900 1.51 1,400 75 % 27,100 1.82 1,590

Twin Creeks Stockpiles(5)

100 % 29,000 2.16 2,010 29,000 2.16 2,010 72 % 29,000 2.15 2,000
Total Twin Creeks, Nevada 35,200 2.96 3,350 26,600 2.39 2,040 61,800 2.71 5,390 80 % 58,800 2.62 4,930
Long Canyon, Nevada 100 % 800 2.25 60 18,900 1.66 1,010 19,700 1.68 1,070 76 % 17,500 2.10 1,170
CC&V 100 % 92,600 0.60 1,770 21,400 0.48 320 114,000 0.57 2,090 62 % 82,000 0.71 1,870

CC&V Stockpiles(5)

100 % 2,700 2.89 250 2,700 2.89 250 85 % 2,500 3.83 310

CC&V Leach Pad(12)

100 % 41,500 0.86 1,140 41,500 0.86 1,140 56 % 44,000 0.86 1,210
Total CC&V, Colorado 95,300 0.66 2,020 62,900 0.73 1,460 158,200 0.69 3,480 62 % 128,500 0.82 3,390
TOTAL NORTH AMERICA 170,900 1.94 10,630 566,400 1.00 18,190 737,300 1.22 28,820 75 % 708,700 1.27 28,870
South America
Yanacocha Open Pits 54.05 % 11,200 0.74 270 73,000 0.62 1,450 84,200 0.63 1,720 70 % 90,000 0.63 1,810

Yanacocha Stockpiles(5)

54.05 % 4,700 1.44 220 4,700 1.44 220 56 % 5,300 1.52 260

Yanacocha Leach Pad(12)

54.05 % 5,700 0.75 130 5,700 0.75 130 73 % 7,800 0.68 170

Total Yanacocha, Peru(22)

21,600 0.89 620 73,000 0.62 1,450 94,600 0.68 2,070 69 % 103,100 0.68 2,240
Merian, Suriname 75 % 35,900 1.49 1,720 65,300 1.08 2,250 101,200 1.22 3,970 93 % 106,000 1.26 4,290
TOTAL SOUTH AMERICA 57,500 1.26 2,340 138,300 0.83 3,700 195,800 0.96 6,040 83 % 209,100 0.97 6,530
Australia Pacific
Boddington Open Pit 100 % 243,900 0.71 5,570 252,000 0.70 5,680 495,900 0.71 11,250 83 % 424,200 0.76 10,300

Boddington Stockpiles(5)

100 % 14,000 0.57 260 80,900 0.44 1,140 94,900 0.46 1,400 77 % 90,400 0.46 1,340
Total Boddington, Western Australia 257,900 0.70 5,830 332,900 0.64 6,820 590,800 0.67 12,650 83 % 514,600 0.70 11,640
Tanami, Northern Territory 100 % 9,100 5.89 1,740 15,000 5.56 2,670 24,100 5.69 4,410 98 % 23,200 6.00 4,480
Kalgoorlie Open Pit and Underground 50 % 6,800 2.03 440 23,900 2.21 1,700 30,700 2.17 2,140 83 % 36,500 2.16 2,530

Kalgoorlie Stockpiles(5)

50 % 68,300 0.78 1,730 68,300 0.78 1,730 74 % 63,600 0.79 1,610
Total Kalgoorlie, Western Australia 75,100 0.89 2,170 23,900 2.21 1,700 99,000 1.21 3,870 79 % 100,100 1.29 4,140
TOTAL AUSTRALIA 342,100 0.88 9,740 371,800 0.94 11,190 713,900 0.91 20,930 84 % 637,900 0.99 20,260
Africa
Ahafo South Open Pits 100 % 15,600 2.13 1,060 49,300 1.71 2,700 64,900 1.81 3,760 90 % 58,500 1.86 3,500
Ahafo Underground 100 %

10,500 4.68 1,590 10,500 4.67 1,590 93 % 10,600 4.50 1,530

Ahafo Stockpiles(5)

100 % 37,600 0.95 1,160 37,600 0.95 1,160 87 % 38,100 0.97 1,190
Total Ahafo South, Ghana 53,200 1.30 2,220 59,800 2.23 4,290 113,000 1.79 6,510 90 % 107,200 1.80 6,220
Ahafo North, Ghana 100 % 43,500 2.39 3,350 43,500 2.39 3,350 91 % 43,500 2.38 3,330
Akyem Open Pit 100 % 12,000 1.71 660 34,900 1.64 1,840 46,900 1.66 2,500 90 % 55,000 1.63 2,880

Akyem Stockpiles(5)

100 % 10,200 0.95 320 10,200 0.95 320 90 % 9,800 1.19 370
Total, Akyem, Ghana 22,200 1.36 980 34,900 1.64 1,840 57,100 1.53 2,820 90 % 64,800 1.56 3,250
TOTAL AFRICA 75,400 1.31 3,200 138,200 2.13 9,480 213,600 1.84 12,680 90 % 215,500 1.85 12,800
TOTAL NEWMONT WORLDWIDE 645,900 1.25 25,910 1,214,700 1.09 42,560 1,860,600 1.14 68,470 81 % 1,771,200 1.20 68,460

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(1)(2) — December 31, 2017, U.S. Units

Gold Measured Resource Gold Indicated Resource Gold Measured + Indicated Resource(3) Gold Inferred Resource
Newmont Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au
Deposits/Districts Share (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 % 2,200 0.096 210 89,200 0.040 3,530 91,400 0.041 3,740 14,500 0.027 400
Carlin Trend Underground 100 % 800 0.199 160 1,800 0.220 420 2,600 0.214 580 2,700 0.276 710
Total Carlin, Nevada 3,000 0.123 370 91,000 0.043 3,950 94,000 0.046 4,320 17,200 0.065 1,110
Phoenix 100 % 2,300 0.011 30 210,800 0.013 2,750 213,100 0.013 2,780 46,300 0.011 510

Phoenix Stockpiles(4)

100 % 2,300 0.043 100
Buffalo Valley 70 % 15,500 0.019 290 15,500 0.019 290 400 0.011
Total Phoenix, Nevada 2,300 0.013 30 226,300 0.013 3,040 228,600 0.013 3,070 49,000 0.012 610
Twin Creeks 100 % 1,700 0.076 130 33,900 0.059 1,970 35,600 0.059 2,100 17,900 0.041 740

Twin Creeks Stockpiles(4)

100 % 8,500 0.059 500 8,500 0.059 500
Sandman 100 % 1,300 0.036 50 1,300 0.036 50 1,100 0.054 60

Turquoise Ridge(5)

25 % 1,100 0.264 280 800 0.273 210 1,900 0.268 490 600 0.380 240
Total Twin Creeks, Nevada 11,300 0.081 910 36,000 0.062 2,230 47,300 0.066 3,140 19,600 0.053 1,040
Long Canyon, Nevada 100 % 600 0.112 60 15,400 0.102 1,570 16,000 0.103 1,630 6,500 0.056 360
CC&V,Colorado 100 % 39,100 0.015 590 30,100 0.014 400 69,200 0.014 990 19,000 0.012 230
TOTAL NORTH AMERICA 56,300 0.035 1,960 398,800 0.028 11,190 455,100 0.029 13,150 111,300 0.030 3,350
South America
Conga, Peru 54.05 % 413,300 0.019 7,880 413,300 0.019 7,880 137,400 0.011 1,550
Yanacocha, Peru 54.05 % 5,900 0.014 80 74,300 0.034 2,510 80,200 0.032 2,590 99,200 0.027 2,720
Merian, Suriname 75 % 700 0.202 140 26,000 0.040 1,040 26,700 0.044 1,180 34,100 0.040 1,380
TOTAL SOUTH AMERICA 6,600 0.034 220 513,600 0.022 11,430 520,200 0.022 11,650 270,700 0.021 5,650
Australia
Boddington, Western Australia 100 % 82,400 0.015 1,260 219,200 0.016 3,500 301,600 0.016 4,760 7,400 0.015 110
Tanami, Northern Territory 100 % 500 0.098 50 4,300 0.153 660 4,800 0.148 710 5,000 0.158 790
Kalgoorlie, Western Australia 50 % 3,500 0.028 100 13,300 0.035 470 16,800 0.034 570 1,300 0.072 110
TOTAL AUSTRALIA 86,400 0.016 1,410 236,800 0.020 4,630 323,200 0.019 6,040 13,700 0.073 1,010
Africa
Ahafo 100 % 900 0.016 10 34,400 0.034 1,160 35,300 0.033 1,170 17,000 0.045 760
Ahafo Underground 100 % 11,400 0.132 1,500 11,400 0.132 1,500 12,600 0.125 1,580
Total Ahafo South, Ghana 900 0.011 10 45,800 0.058 2,660 46,700 0.057 2,670 29,600 0.079 2,340
Ahafo North, Ghana 100 % 2,400 0.033 90 8,300 0.052 440 10,700 0.048 530 8,300 0.052 440
Akyem Open Pits 100 % 3,100 0.015 50 3,100 0.015 50
Akyem Underground 100 % 1,300 0.137 180 1,300 0.137 180 9,000 0.129 1,170
Total Akyem, Ghana

4,400 0.052 230 4,400 0.052 230 9,000 0.130 1,170
TOTAL AFRICA 3,300 0.028 100 58,500 0.057 3,330 61,800 0.055 3,430 46,900 0.084 3,950
TOTAL NEWMONT WORLDWIDE 152,600 0.024 3,690 1,207,700 0.025 30,580 1,360,300 0.025 34,270 442,600 0.032 13,960
(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 2017. Tonnage amounts have been rounded to the nearest 100,000. Ounces may not recalculate as they 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 as of February 5th 2018, the operator of the Turquoise Ridge Joint Venture.

Attributable Gold Mineral Resources(1)(2) — December 31, 2017, Metric units

Gold Measured Resource Gold Indicated Resource Gold Measured + Indicated Resource(3) Gold Inferred Resource
Newmont Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au
Deposits/Districts 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 Trend Open Pit 100 % 2,000 3.30 210 80,800 1.36 3,530 82,800 1.40 3,740 13,100 0.94 400
Carlin Trend Underground 100 % 700 6.82 160 1,800 7.53 420 2,500 7.33 580 2,300 9.45 710
Total Carlin, Nevada 2,700 4.26 370 82,600 1.49 3,950 85,300 1.58 4,320 15,400 2.24 1,110
Phoenix 100 % 2,100 0.37 30 191,300 0.45 2,750 193,400 0.45 2,780 42,000 0.38 510

Phoenix Stockpiles(4)

100 %

2,100 1.48 100
Buffalo Valley 70 % 14,100 0.65 290 14,100 0.65 290 400 0.38
Total Phoenix, Nevada 2,100 0.44 30 205,400 0.46 3,040 207,500 0.46 3,070 44,500 0.43 610
Twin Creeks 100 % 1,600 2.61 130 30,700 2.01 1,970 32,300 2.04 2,100 16,400 1.41 740

Twin Creeks Stockpiles(4)

100 % 7,700 2.01 500 7,700 2.01 500
Sandman 100 % 1,200 1.23 50 1,200 1.23 50 1,100 1.85 60

Turquoise Ridge(5)

25 % 900 9.04 280 700 9.37 210 1,600 9.18 490 600 13.03 240
Total Twin Creeks, Nevada 10,200 2.77 910 32,600 2.13 2,230 42,800 2.28 3,140 18,100 1.79 1,040
Long Canyon, Nevada 100 % 500 3.84 60 14,000 3.50 1,570 14,500 3.52 1,630 5,900 1.93 360
CC&V,Colorado 100 % 35,500 0.52 590 27,400 0.47 400 62,900 0.50 990 17,200 0.41 230
TOTAL NORTH AMERICA 51,000 1.19 1,960 362,000 0.96 11,190 413,000 0.99 13,150 101,100 1.03 3,350
South America
Conga, Peru 54.05 % 375,000 0.65 7,880 375,000 0.65 7,880 124,600 0.39 1,550
Yanacocha, Peru 54.05 % 5,400 0.47 80 67,200 1.16 2,510 72,600 1.11 2,590 90,000 0.94 2,720
Merian, Suriname 75 % 600 6.92 140 23,500 1.36 1,040 24,100 1.51 1,180 30,900 1.38 1,380
TOTAL SOUTH AMERICA 6,000 1.17 220 465,700 0.76 11,430 471,700 0.77 11,650 245,500 0.72 5,650
Australia
Boddington, Western Australia 100 % 74,700 0.52 1,260 198,800 0.55 3,500 273,500 0.54 4,760 6,600 0.50 110
Tanami, Northern Territory 100 % 400 3.37 50 4,000 5.26 660 4,400 5.07 710 4,600 5.42 790
Kalgoorlie, Western Australia 50 % 3,100 0.96 100 12,200 1.21 470 15,300 1.16 570 1,300 2.48 110
TOTAL AUSTRALIA 78,200 0.56 1,410 215,000 0.67 4,630 293,200 0.64 6,040 12,500 2.50 1,010
Africa
Ahafo 100 % 800 0.53 10 31,200 1.16 1,160 32,000 1.14 1,170 15,400 1.55 760
Ahafo Underground 100 % 10,300 4.51 1,500 10,300 4.51 1,500 11,500 4.29 1,580
Total Ahafo South, Ghana 800 0.53 10 41,500 1.99 2,660 42,300 1.96 2,670 26,900 2.71 2,340
Ahafo North, Ghana 100 % 2,200 1.13 90 7,400 1.80 440 9,600 1.65 530 7,500 1.79 440
Akyem Open Pits 100 % 2,800 0.53 50 2,800 0.53 50
Akyem Underground 100 % 1,200 4.71 180 1,200 4.71 180 8,200 4.44 1,170
Akyem, Ghana 4,000 1.79 230 4,000 1.79 230 8,200 4.44 1,170
TOTAL AFRICA 3,000 0.97 100 52,900 1.95 3,330 55,900 1.90 3,430 42,600 2.88 3,950
TOTAL NEWMONT WORLDWIDE 138,200 0.83 3,690 1,095,600 0.87 30,580 1,233,800 0.86 34,270 401,700 1.08 13,960

See Footnotes in Gold Resources U.S. units table.

Attributable Copper Reserves(1), U.S. Units

December 31, 2017

December 31, 2016
Proven Reserves Probable Reserves Proven + Probable Reserves Proven + Probable Reserve
Newmont

Tonnage(2)

Grade

Copper(3)

Tonnage(2)

Grade

Copper(3)

Tonnage(2)

Grade

Copper(3)

Metallurgical

Tonnage(2)

Grade

Copper(3)

Deposits/Districts Share (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 % 56,300 0.21 % 240 338,400 0.16 % 1,090 394,700 0.17 % 1,330 60 % 395,500 0.16 % 1,260
TOTAL NORTH AMERICA 56,300 0.21 % 240 338,400 0.16 % 1,090 394,700 0.17 % 1,330 60 % 395,500 0.16 % 1,260
Australia

Boddington Open Pit, Western Australia(5)

100 % 268,800 0.10 % 520 277,700 0.11 % 640 546,500 0.11 % 1,160 79 % 467,600 0.11 % 1,060
Boddington Stockpiles, Western Australia(6) 100 % 15,400 0.09 % 30 89,100 0.08 % 150 104,500 0.09 % 180 73 % 99,600 0.09 % 170
TOTAL AUSTRALIA 284,200 0.10 % 550 366,800 0.11 % 790 651,000 0.10 % 1,340 78 % 567,200 0.11 % 1,230
TOTAL NEWMONT WORLDWIDE 340,500 0.12 % 790 705,200 0.13 % 1,880 1,045,700 0.13 % 2,670 69 % 962,700 0.13 % 2,490
(1) See footnote (1) to the Gold Reserves table above. Copper reserves for 2017 and 2016 were calculated at a copper price of $2.50 or A$3.35 per pound.
(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 may not recalculate as they 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.

Attributable Copper Reserves(1), Metric Units

December 31, 2017

December 31, 2016
Proven Reserves Probable Reserves Proven + Probable Reserves Proven + Probable Reserve
Newmont

Tonnage(2)

Grade

Copper(3)

Tonnage(2)

Grade

Copper(3)

Tonnage(2)

Grade

Copper(3)

Metallurgical

Tonnage(2)

Grade

Copper(3)

Deposits/Districts Share (x1000 tonnes) (Cu%) (Tonnes) (x1000 tonnes) (Cu%) (Tonnes) (x1000 tonnes) (Cu%) (Tonnes) Recovery (x1000 tonnes) (Cu%) (Tonnes)
North America
Phoenix, Nevada 100 % 51,100 0.21 % 100,000 306,900 0.16 % 500,000 358,000 0.17 % 600,000 60 % 358,700 0.16 % 572,460
TOTAL NORTH AMERICA 51,100 0.21 % 100,000 306,900 0.16 % 500,000 358,000 0.17 % 600,000 60 % 358,700 0.16 % 572,460
Australia
Boddington Open Pit, Western Australia 100 % 243,900 0.10 % 240,000 252,000 0.11 % 290,000 495,900 0.11 % 530,000 79 % 424,200 0.11 % 480,430
Boddington Stockpiles, Western Australia(6) 100 % 14,000 0.09 % 10,000 80,900 0.08 % 70,000 94,900 0.09 % 80,000 73 % 90,400 0.09 % 77,180
TOTAL AUSTRALIA 257,900 0.10 % 250,000 332,900 0.11 % 360,000 590,800 0.10 % 610,000 78 % 514,600 0.11 % 557,610
TOTAL NEWMONT WORLDWIDE 309,000 0.12 % 350,000 639,800 0.13 % 860,000 948,800 0.13 % 1,210,000 69 % 873,300 0.13 % 1,130,070

See Footnotes under Copper Reserves U.S. units table.

Attributable Copper Mineral Resources(1)(2), U.S. Units

December 31, 2017

Measured Resources Indicated Resources

Measured + Indicated Resources

Inferred Resources
Newmont Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper
Deposits/Districts Share (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 % 16,300 0.15 % 50 272,900 0.12 % 680 289,200 0.13 % 730 68,500 0.14 % 190
TOTAL NORTH AMERICA 16,300 0.15 % 50 272,900 0.12 % 680 289,200 0.13 % 730 68,500 0.14 % 190
South America
Conga, Peru 54.05 % 0.00 % 413,300 0.26 % 2,150 413,300 0.26 % 2,150 137,400 0.19 % 510
Yanacocha, Peru 54.05 % 0.00 % 61,300 0.64 % 780 61,300 0.64 % 780 3,000 0.35 % 30
TOTAL SOUTH AMERICA 0.00 % 474,600 0.31 % 2,930 474,600 0.31 % 2,930 140,400 0.19 % 540
Australia
Boddington, Western Australia 100 % 82,400 0.11 % 170 219,200 0.12 % 520 301,600 0.11 % 690 7,400 0.10 % 10
TOTAL AUSTRALIA 82,400 0.11 % 170 219,200 0.12 % 520 301,600 0.11 % 690 7,400 0.10 % 10
TOTAL NEWMONT WORLDWIDE 98,700 0.11 % 220 966,700 0.21 % 4,130 1,065,400 0.20 % 4,350 216,300 0.17 % 740
(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 $3.25 or A$4.00 per pound for 2017 and at a copper price of $3.00 or A$3.75 per pound for 2016 unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000. Pounds may not recalculate as they have been rounded to the nearest 10 million.

Attributable Copper Mineral Resources(1)(2), Metric Units

December 31, 2017

Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Newmont Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper
Deposits/Districts Share (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes)
North America
Phoenix, Nevada 100 % 14,800 0.15 % 20,000 247,500 0.12 % 310,000 262,300 0.13 % 330,000 62,200 0.14 % 80,000
TOTAL NORTH AMERICA 14,800 0.15 % 20,000 247,500 0.12 % 310,000 262,300 0.13 % 330,000 62,200 0.14 % 80,000
South America
Conga, Peru 54.05 % 0.00 % 375,000 0.26 % 980,000 375,000 0.26 % 980,000 124,600 0.19 % 240,000
Yanacocha, Peru 54.05 % 0.00 % 55,600 0.64 % 350,000 55,600 0.64 % 350,000 2,700 0.35 % 10,000
TOTAL SOUTH AMERICA 0.00 % 430,600 0.31 % 1,330,000 430,600 0.31 % 1,330,000 127,300 0.19 % 250,000
Australia
Boddington, Western Australia 100 % 74,700 0.11 % 80,000 198,800 0.12 % 240,000 273,500 0.11 % 320,000 6,600 0.10 %
TOTAL AUSTRALIA 74,700 0.11 % 80,000 198,800 0.12 % 240,000 273,500 0.11 % 320,000 6,600 0.10 %
TOTAL NEWMONT WORLDWIDE 89,500 0.11 % 100,000 876,900 0.21 % 1,880,000 966,400 0.20 % 1,980,000 196,100 0.17 % 330,000

See Footnotes under Copper Resources U.S. units table.

Attributable Proven, Probable, and Combined Silver Reserves(1), U.S. Units

December 31, 2017

December 31, 2016
Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
Newmont

Tonnage(2)

Grade

Silver(3)

Tonnage(2)

Grade

Silver(3)

Tonnage(2)

Grade

Silver(3)

Metallurgical

Tonnage(2)

Grade

Silver(3)

Deposits/Districts by Reporting Unit Share (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) Recovery(3) (x1000 tons) (oz/ton) (x1000 ozs)
North America
Phoenix, Nevada 100 % 6,200 0.32 1,960 243,700 0.24 58,920 249,900 0.24 60,880 38 % 256,600 0.24 60,910
TOTAL NORTH AMERICA 6,200 0.32 1,960 243,700 0.24 58,920 249,900 0.24 60,880 38 % 256,600 0.24 60,910
South America
Yanacocha Open Pits 54.05 % 12,500 0.23 2,860 24,100 0.20 4,730 36,600 0.21 7,590 12 % 46,900 0.21 10,030

Yanacocha Leach Pad(4)

54.05 % - - 55,000 0.25 13,570 55,000 0.25 13,570 6 % 50,500 0.25 12,390

Yanacocha Stockpiles(5)

54.05 % 5,100 1.13 5,840 5,100 1.13 5,840 6 % 5,500 1.10 5,990

TOTAL SOUTH AMERICA(6)

17,600 0.49 8,700 79,100 0.23 18,300 96,700 0.28 27,000 8 % 102,900 0.28 28,410
TOTAL NEWMONT WORLDWIDE 23,800 0.45 10,660 322,800 0.24 77,220 346,600 0.25 87,880 24 % 359,500 0.25 89,320
(1) See footnote (1) to the Gold Reserves table above. Silver reserves for 2017 were calculated at a silver price of $16. Silver reserves for 2016 were calculated at a silver price of $17.
(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.
(4) Leach Pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process material 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.
(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) See footnote (22) to the Gold Reserves table above.

Attributable Proven, Probable, and Combined Silver Reserves(1), Metric Units

December 31, 2017

December 31, 2016
Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
Newmont

Tonnage(2)

Grade

Silver(3)

Tonnage(2)

Grade

Silver(3)

Tonnage(2)

Grade

Silver(3)

Metallurgical

Tonnage(2)

Grade

Silver(3)

Deposits/Districts by Reporting Unit Share (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) Recovery(3) (x1000 tonnes) (g/tonne) (x1000 ozs)
North America
Phoenix, Nevada 100 % 5,600 10.9 1,960 221,000 8.3 58,920 226,600 8.4 60,880 38 % 232,800 8.1 60,910
TOTAL NORTH AMERICA 5,600 10.9 1,960 221,000 8.3 58,920 226,600 8.4 60,880 38 % 232,800 8.1 60,910
South America
Yanacocha Open Pits, Peru 54.05 % 11,200 7.9 2,860 21,800 6.8 4,730 33,000 7.1 7,590 12 % 42,500 7.3 10,030

Yanacocha Leach Pad, Peru(4)

54.05 % 49,800 8.5 13,570 49,800 8.5 13,570 6 % 45,800 8.4 12,390

Yanacocha Stockpiles, Peru(5)

54.05 % 4,700 38.9 5,840 4,700 38.9 5,840 6 % 5,000 37.6 5,990

TOTAL SOUTH AMERICA(6)

15,900 16.9 8,700 71,600 8.0 18,300 87,500 9.6 27,000 8 % 93,300 9.5 28,410
TOTAL NEWMONT WORLDWIDE 21,500 15.4 10,660 292,600 8.2 77,220 314,100 8.7 87,880 24 % 326,100 8.5 89,320

See Footnotes under Silver Reserves U.S. units table.

Attributable Silver Mineral Resources(1)(2), U.S. Units

December 31, 2017

Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Newmont Tonnage Grade Ag Tonnage Grade Ag Tonnage Grade Ag Tonnage Grade Ag
Deposits/Districts Share (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 % 1,300 0.20 260 1,300 0.20 260 1,100 0.12 140
Phoenix, Nevada 100 % 2,300 0.28 650 210,800 0.21 43,720 213,100 0.21 44,370 48,600 0.21 10,460
TOTAL NORTH AMERICA 2,300 0.28 650 212,100 0.21 43,980 214,400 0.21 44,630 49,700 0.21 10,600
South America
Conga, Peru 54.05 % 413,300 0.06 24,810 413,300 0.06 24,810 104,300 0.03 3,420
Yanacocha, Peru 54.05 % 5,800 0.14 810 71,300 0.55 38,980 77,100 0.52 39,790 4,500 0.22 1,030
TOTAL SOUTH AMERICA 5,800 0.14 810 484,600 0.13 63,790 490,400 0.13 64,600 108,800 0.04 4,450
TOTAL NEWMONT WORLDWIDE 8,100 0.18 1,460 696,700 0.15 107,770 704,800 0.15 109,230 158,500 0.09 15,050
(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) Resource for 2017 and 2016 was calculated at a silver price of $20 per ounce. Tonnage amounts have been rounded to the nearest 100,000.

Attributable Silver Mineral Resources(1)(2), Metric Units

December 31, 2017

Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Newmont Tonnage Grade Ag Tonnage Grade Ag Tonnage Grade Ag Tonnage Grade Ag
Deposits/Districts 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
Sandman, Nevada 100 % 1,200 6.8 260 1,200 6.8 260 1,100 4.1 140
Phoenix, Nevada 100 % 2,100 9.6 650 191,300 7.1 43,720 193,400 7.1 44,370 44,100 7.4 10,460
TOTAL NORTH AMERICA 2,100 9.6 650 192,500 7.1 43,980 194,600 7.1 44,630 45,200 7.3 10,600
South America
Conga, Peru 54.05 % 375,000 2.1 24,810 375,000 2.1 24,810 94,600 1.1 3,420
Yanacocha, Peru 54.05 % 5,300 4.8 810 64,600 18.8 38,980 69,900 17.7 39,790 4,200 7.7 1,030
TOTAL SOUTH AMERICA 5,300 4.8 810 439,600 4.5 63,790 444,900 4.5 64,600 98,800 1.4 4,450
TOTAL NEWMONT WORLDWIDE 7,400 6.2 1,460 632,100 5.3 107,770 639,500 5.3 109,230 144,000 3.3 15,050

See Footnotes under Silver Resources U.S. units table.

Cautionary Statement regarding Reserves and Resources:

The “reserves” disclosed in this release 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 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 are aggregated from the proven and probable classes.

The term “proven reserves” used in the tables of this news release means reserves for which (a) quantity is computed from dimensions revealed in outcrops, trenches, workings or drill holes; (b) grade and/or quality are computed from the results of detailed sampling; and (c) the sites for inspection, sampling and measurements are spaced so closely and the geologic character is sufficiently defined that size, shape, depth and mineral content of reserves are well established. The term “probable reserves” means reserves for which quantity and grade are computed from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Newmont classifies all reserves as Probable on its development projects until a year of production has confirmed all assumptions made in the reserve estimates. Proven and probable reserves include gold, copper or silver attributable to Newmont’s ownership or economic interest. Proven and probable reserves were calculated using cut-off grades. The term “cut-off grade” means the lowest grade of mineralized material considered economic to process. Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper or silver extraction and type of milling or leaching facilities available.

Notice for U.S. Investors:

The terms “resources” and “Measured, Indicated and Inferred resources” are used in this news release. Investors are advised that the SEC does not recognize these terms and resources have not been prepared in accordance with Industry Guide 7. 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 (SME) 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. Also, disclosure of contained ounces is permitted under the SME Guideline and other regulatory guidelines, such as Canada’s NI 43-101 and Australia’s JORC. However, the SEC generally requires mineral resource information in SEC-filed documents to be reported only as in-place tonnage and grade. Investors are reminded that even if significant mineralization is discovered and converted to reserves, during the time necessary to ultimately move such mineralization to production the economic feasibility of production may change. See the Company’s Annual Report for the “Proven and Probable Reserve” and “Mineralized Material” tables prepared in compliance with the SEC’s Industry Guide 7, available at www.newmont.com and on www.sec.gov. Investors are reminded that the tables presented in the Annual Report are estimates as of December 31, 2017 and were presented on an attributable basis reflecting the Company’s ownership interest at such time.

Cautionary Statement Regarding Forward-Looking Statements:

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, estimates and expectations of future exploration expenditures and activities. 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 or implied by the “forward-looking statements”. For a discussion of such risks relating to our business and other factors, see the Company’s Form 10-K, filed on February 22, 2018, with the Securities and Exchange Commission under the headings “Risk Factors” and “Forward-Looking Statements.” 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.



Contact

Newmont Mining Corp.
Investor Contact
Jessica Largent
303.837.5484
jessica.largent@newmont.com
or
Media Contact
Omar Jabara
303.837.5114
omar.jabara@newmont.com


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