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n ewmontminingcorpor at i o n 2010 annual report w e h av ebui lt a stronger business now we are focused onwhat s next.

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w h at snext building our future we re stronger than ever we have a proven experienced management team a skilled dedicated workforce and an unwavering commitment to safe sustainable mining our discovery and development pipeline is rich with potential and we have the resources to maximize its value as we continue to improve our operations we are accelerating investments to unlock the long-term value we can offer our shareholders employees and host communities newmont mining corporation 1

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f inancialandoper at inghighlights dollars in millions except per share data year ended december 31 2010 2009 2008 sales net income attributable to newmont per share basic adjusted net income 1 per share basic 1 cash from continuing operations cash and equivalents dividends per share operating highlights $9,540 $2,277 $÷4.63 $1,893 $÷3.85 $3,180 $4,056 $««0.50 $7,705 $1,297 $÷2.66 $1,359 $÷2.79 $2,914 $3,215 $÷0.40 $6,124 $÷«831 $÷1.83 $÷«792 $÷1.74 $1,397 $÷«435 $÷0.40 consolidated gold production thousands of ounces attributable gold production thousands of ounces average realized gold price oz gold costs applicable to sales oz consolidated copper production millions of pounds 6,451 5,392 $1,222 $«««485 600 327 $««3.43 $««0.80 6,521 5,237 $«««977 $«««411 504 227 ««$««2.60 $÷0.64 6,153 5,201 $«««874 $«««429 285 128 $««2.59 $÷1.38 attributable copper production millions of pounds average realized copper price lb copper costs applicable to sales lb 1 see page 72 of the form 10-k for reconciliation to net income $737 $3,180 $566 $2,914 $3.85 $2.79 $445 10 09 08 10 09 08 $1,397 10 09 08 oper at i n g margin oz cash from continuing oper at ions m adjusted earnings1 per share basic 2 newmont mining corporation $1.74

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to our shareholders for newmont 2010 was a pivotal year furthermore our project pipeline is much deeper than it was a year ago and we have made significant investments to ensure we have the right people and processes to successfully deliver value from our projects we re pleased but virtually every mining company is reporting record results in the current metal price environment it s expected how is newmont different our fundamental financial strength operational performance and cash-flow-per-share generation position us to benefit more from today s bullish gold-price environment than most of our competitors and we have an extremely strong balance sheet with over $5.6 billion of cash and marketable securities at year-end 2010 newmont is proud to offer investors the best per-share gold-price leverage in the industry every $100 increase in gold price translates into approximately $350 million in additional after-tax operating cash flows or approximately $0.70 per share we deliver better gold price leverage than any of our competitors that s a powerful case for newmont newmont turns 90 in 2011 newmont in addition to delivering strong performance in a bullish metal-price environment 2010 was the year we accelerated our efforts to build our business for long-term growth and sustainability thanks to the efforts of our organization and its focus on execution record results fundamental strengths will celebrate its 90th year in business while our company s list of accomplishments is too long to adequately cover here our history presents a proud legacy of leadership and learning of innovation and industry firsts and of integrity and responsibility we are now moving to the next stage of our company s journey one in which we will pair the execution capabilities we have demonstrated in the past and emphasized over the last three years with the promise of the future next for newmont we have spent we achieved record financial results in an environment where average realized gold prices rose more than 25 percent year over year our revenues increased by 23 percent to a record $9.5 billion compared with $7.7 billion a year ago our gold operating margin was 60 percent in 2010 and we generated $3.2 billion in operating cash flow adjusted net income a non-gaap measure was $1.9 billion or $3.85 per share at year-end 2010 newmont s proven and probable attributable gold reserves were 93.5 million ounces up from 91.8 million ounces at the end of 2009 attributable copper reserves increased by 3 percent in 2010 to a record 9.4 billion pounds the better part of the last three years building the foundation required to take newmont to the next level we are now turning our attention to the next phase in our development the long-term growth of our business newmont has a strong balanced and global development portfolio with significant opportunities for more projects as we advance work in key districts newmont mining corporation 3

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richard o brien president and chief executive officer in ghana our akyem project has the potential to produce a total of 8 million to 9 million ounces of gold over its mine life which along with the subika expansion could boost annual production in ghana to approximately one million ounces and make africa our fastest growing region another exciting project in the region is nimba our iron-ore joint venture with bhp billiton in guinea in south america our largest project is conga in peru with current potential mine life production of 15 to 20 million ounces of gold and between 4 billion and 6 billion pounds of copper on a 100 basis in addition to conga our chaquicocha underground and yanacocha verde sulfide projects represent the next phase of development in this key district holding significant potential for additional future gold and copper production our north american region includes the hope bay project in nunavut canada with a current district-scale potential of up to 10 million ounces of gold we also have a number of near-term expansion projects in various stages of development that represent growth potential and mine life extension in nevada including an expansion at gold quarry and leeville turf and the phoenix copper leach project longer term we are in the process of waking our sleeping giants including the mike fiberline copper basin and greater phoenix projects all of which have significant potential to extend mine life in nevada in our asia pacific region the elang project in indonesia represents an exciting opportunity in early-stage development that could eventually exceed the size of our current operation at batu hijau currently we estimate elang s potential to be approximately 25 million ounces of gold and 15 billion pounds of copper on a 100 basis ­ a world-class deposit by any measure focused innovation with 90 years excellence in exploration is a key competitive advantage at newmont we re constantly innovating to maximize our effectiveness in discovering potential reserves and determining the best ways to bring them into production innovation in ore processing methods is an integral part of our heritage when we started in nevada more than 45 years ago we projected a 9 million ounce reserve that would be produced over a 15-year period in addition to near-mine exploration we have invested extensively in secondary and tertiary recovery there with production that has surpassed 50 million ounces to date reserves of 31 million ounces at year-end 2010 and strong prospects for continued growth in the future we believe we can take the same approach at yanacocha in peru we are applying our 90 years of mining experience along with that of our partners at buenaventura to extend the life of this extraordinary asset and realize what we think is significant additional gold and copper production potential in the resource business newmont has tremendous industry knowledge and capability for innovation we are reviving our commitment to innovation by focusing our people and resources in two areas of the company exploration and processing 4 newmont mining corporation

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91.8 0.1900 93.5 9.1 19.1 0.1885 9.4 18.7 09 08 10 09 08 10 09 08 10 09 08 0.1872 85.0 7.8 10 proven and probable reserves gold in millions of ounces copper in billions of pounds reserves per share gold in ounces copper in pounds mining is a people business ultimately we ll continue to focus on safety and we have made a great deal of progress in achieving consistent operational execution we have a strong project pipeline a robust exploration program and the financial resources to develop them but what gives me the most confidence in newmont s future our people i believe that newmont employees are some of the most conscientious capable and committed in the industry i sincerely appreciate their invaluable contributions to the success of our company as newmont enters its 90th year i am looking forward to working together to meet the challenges ahead and realize the promise of this great company a bright future for newmont our 17.2 achieving newmont s potential and maximizing value for our shareholders and other stakeholders our board of directors has been critical to our success we are grateful for these individuals guidance and tireless contributions i especially would like to thank dr james taranik who retired in 2010 after 24 years of distinguished service on our board for his support and leadership in our environmental and social responsibility initiatives finally thanks to you our shareholders for your support throughout the year we have much to be proud of but we know we have much to do i expect the year ahead to be one of continued significant progress ­ i have never been more enthusiastic and optimistic about our future than i am today sincerely mining is not just about production or reserves or strategies mining is about people the safety of our employees the health and wellbeing of our communities and the sustainability of our operations are more than critical success factors ­ they are each fundamental values upon which newmont is built although fatalities were down in 2010 this is of no consolation to us as we reflect on the death of johanis a dawir who was killed in a pit wall failure at batu hijau on january 17 2010 the loss of one of our own hardens our resolve to achieve a zero-fatality and serious injury workplace while we are one of the safest mining companies in the world we know we can improve in 2010 we formed a safety task force that interviewed more than 15,000 employees across our enterprise to gain new insights on what we can do to further drive a safety-focused culture in addition we want to be a company that does more than talk about an injury-free workplace ­ we want to achieve it for everyone evolution continues as we enter 2011 and we are now more than ever uniquely positioned to grow our business our efforts over the last three years are bearing fruit we have a very strong enterprise and a wealth of growth opportunities in each of our regions we have a management team and workforce committed to richard o brien president and chief executive officer newmont mining corporation 5

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n ewmontnext ourfuture at aglance newmont has a diverse portfolio of global operations development projects and pipeline opportunities spanning some of the most prolific mining jurisdictions in the world next putting our exceptional liquidity to work to maximize the value our portfolio and projects bring north america copper basin fiberline greater gold quarry greater phoenix hope bay phase ii mike greater leeville turf buffalo valley exodus hope bay phase i phoenix copper leach emigrant gold quarry west wall star complex south america cu/au au au au/cu au au au au au au cu au au au bankable feasibility scoping study pre-feasibility feasibility north america metal with a significant land position and a 45-year track record of sustained production and reserve growth the north america portfolio is a case history on the value of newmont s mining expertise and innovation south america anchored by the yanacocha gold mine newmont s south america portfolio is a solid consistent performer offering significant development and exploration opportunities saramacca chaquicocha underground merian yanacocha verde grande basin conga africa au au au au/cu au au/cu ahafo north nimba subika expansion akyem asia pacific au fe au au 20 elang waihi golden link tanami shaft au/cu au au 80 2 0 1 0 explor at ionspendingandcapi ta l generative exploration $50 million near mine exploration $199 million 6 newmont mining corporation

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$4­5 billion attributable investments planned for advanced projects advanced project targets 30­45 million attributable oz au 4­5 billion attributable lbs cu early-stage project targets up to 20 million attributable oz au up to 2 billion attributable lbs cu exploration opportunities mike fiberline greater phoenix copper basin elang yanacocha verde and others asia pa cific newmont s asia pacific portfolio represents both scale and potential with boddington australia s largest gold mine and with life extensions underway across all operations africa africa represents the youngest region in newmont s portfolio with consistently strong operational performance and significant potential for expansion and sustained long-term growth 5.40 327 5.24 5.20 17 227 10 09 08 10 09 08 83 2 0 1 1 explor at ionspendingandcapi ta l generative exploration $60 million near mine exploration $300 million forecasted at tribu ta b l e gold production in millions of ounces at tribu ta b l e copper production in millions of pounds 128 newmont mining corporation 7

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extending the mine life of key assets yanacocha jundee batu hijau ahafo optimize newmont s 90 years of mining leadership has delivered a proven track record of successfully increasing throughput improving margins and extending operating asset life worldwide newmont has a long history of optimizing its global operations and extending mine life case in point 45 years of sustained production and reserve growth in nevada we originally projected our nevada reserve at 9 million ounces over a mine life of 15 years we have produced 50 million ounces to date and nevada continues to grow through nearmine exploration acquisition and continuous operational innovation we are applying decades of newmont expertise to extend mine life elsewhere in our portfolio leveraging sulfide recovery techniques developed in nevada s carlin trend we are in the process of transitioning yanacocha in peru into a copper/gold district and potentially extend the life of the mine as oxide resources deplete we are also optimizing mine production and adding value across the global portfolio through newmont s business excellence program standardized procedures and best practices process de-bottlenecking adjustments to improve equipment performance ­ from yanacocha to batu hijau systematic application of 90 years of mining know-how and the latest process improvements are helping us increase throughput and generate cost efficiencies across our operating portfolio 8 newmont mining corporation

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g oldoper at ingmargin oz 737 566 2010 2009 445 2008

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5 late-stage projects 30-45 million attributable ounces.

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driving growth potential across our portfolio akyem conga gold quarry west wall hope bay greater leeville turf subika expansion a d va n c e at newmont we are in the process of accelerating asset development across our global pipeline conga in peru located just northeast of yanacocha is one of newmont s most compelling new projects conga s current estimated potential is 15 to 20 million ounces of gold and 4 to 6 billion pounds of copper on a 100 basis with production expected to commence in 2014 /2015 our akyem project in ghana has a total mine life production potential estimated at 8 to 9 million ounces of gold we plan to complete detailed engineering in early 2011 and expect first production in late 2013 or early 2014 among newmont s earlier-stage projects with significant promise are elang in indonesia and hope bay in nunavut canada preliminary studies indicate elang could represent gold and copper production potential that exceeds our nearby batu hijau mine ­ up to 25 million ounces of gold and 15 billion pounds of copper on a 100 basis for the mine s life hope bay sits on an 80-kilometer greenstone belt with significant exploration potential early-stage drilling identified approximately 90 targets we have confirmed high-grade mineralization at the doris site current potential is estimated at up to 10 million ounces newmont has a strong portfolio of projects in the world s most prolific gold-producing regions a number of which are on track to begin production over the next 2­5 years newmont mining corporation 11

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g ener at ivepotential montagne haiti cassador suriname saramacca suriname hides creek papua new guinea discover as one of the world s largest gold mining companies newmont has extensive holdings with significant nearmine potential and generative exploration expertise newmont has aggressive plans for exploration in 2011 and beyond near-mine exploration is the most cost-effective source of new reserve growth we are pursuing underground potential in ghana and chaquicocha in peru and conducting wingspan drilling programs at nevada s gold quarry west wall and greater leeville turf among other sites globally in africa our subika expansion is an open-pit and underground development that represents an exciting opportunity to add to ahafo production after evaluating more than 550 domains globally we have significantly expanded our generative exploration efforts establishing new programs in papua new guinea solomon islands alaska and haiti we have identified several high-ranking target areas with district potential doubling the number we had in 2008 montagne in haiti and hides creek in papua new guinea are two examples ­ both are copper-gold porphyries with properties similar to our batu hijau mine relatively new gold discoveries include mcphillamys in new south wales australia and saramacca and cassador in suriname strong preliminary tests show multi-millionounce target potential at cassador 12 newmont mining corporation

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2 0 1 0 explor at ionspendingandcapi ta l 2 0 gener at iveexplor at i o n 5 0 million 8 0 nearmineexplor at i o n $19 9 million 20 80 %

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