Second Quarter Earnings Release Conference Call. July 23, 2009

(1)

Second Quarter Earnings Release

Conference Call

(2)

Cautionary Statement

This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections and other applicable laws. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)”, “estimate(s)”, “should”, “intend(s)” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements include, without limitation, (i) estimates of future mineral production and sales; (ii) estimates of future costs applicable to sales, other expenses and taxes, for specific operations and on a consolidated basis; (iii) estimates of future capital expenditures, construction, production or closure activities; (iv) statements regarding future exploration expenditures, results and reserves; (v) statements regarding fluctuations in capital and currency markets; (vi) statements regarding potential cost savings, productivity, operating performance, and cost structure; and (vii) expectations regarding the start-up time, design, mine life, production and costs applicable to sales and exploration potential of the Boddington project and other projects or operations. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in which we operate, and

governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2008 Annual Report on Form 10-K, filed on February 19, 2009, with the Securities and Exchange

Commission, as well as the Company’s other SEC filings. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Explanation of Non-GAAP Measure and Certain Metrics

This presentation contains the non-GAAP financial measure Adjusted net income and a reconciliation of that measure to the closest equivalent financial measure calculated in accordance with GAAP. Adjusted net income and other non-GAAP measures should not be used in isolation or as an alternative to non-GAAP measures as reflected in the Company's consolidated financial statements and quarterly reports. For further information concerning the company’s use of adjusted net income, see the Company’s second quarter 2009 earnings release, furnished to the SEC on Form 8-K on July 23, 2009.

(3)

• Boddington start-up underway

• Equity gold sales of 1.2 Moz at an average realized price of

$915/oz and CAS of $423/oz

• Equity copper sales of 47 Mlbs at an average realized price of

$2.17/lb and CAS of $0.58/lb

• Cash flow from continuing operations of $503 million

• Adjusted net income

(1)

_{of $0.43 per share}

(2)

(4)

Operating Results In-line with Expectations

Costs Applicable to Sales ($/oz)

Equity Gold Sales (Kozs)

(1)_{Includes equity sales from La Herradura and Kori Kollo} (2)CAS does not include Kori Kollo, as this was reclassified to discontinued operations during the second quarter

430 233 275 132 45 ₃₈ 415 274 283 132 48 46 0 50 100 150 200 250 300 350 400 450 500 Neva da Yanac ocha Aust ralia / NZ Ahaf o Batu Hija u Other (1) Q2 Expectations Q2 Actual $5 95 $3 23 $5 19 $4 19 $3 49 $3 82 $5 49 $3 23 $5 00 $4 28 $2 29 $3 98 $200 $300 $400 $500 $600 $700 Neva da Yana coch a Aus tralia / NZ Ahaf o Batu Hija u Other (2) Q2 Expectations Q2 Actual

(5)

Operational Performance and Cost Discipline

Average Realized Gold Price

($/ounce)

Cash Flow from Continuing Operations

($ million)

Costs Applicable to Sales - Gold

($/ounce)

$915

$900

Q2 2008

Q2 2009

Up 2%

$381

$503

Q2 2008

Q2 2009

Up 32%

$423

$439

Q2 2008

Q2 2009

Down 4%

(6)

2009 Operating Outlook

(1)

N/A(2)

$0.50 - $0.65 210 – 230

Batu Hijau – Copper

($/lb) (m lbs) $80 – $90 $425 – $450 500 – 525 Ahafo 5,200 – 5,400 225 – 250 1,400 – 1,500 1,000 – 1,050 1,900 – 2,000

Equity Gold Sales (000’ozs) $1,500 – $1,700 $45 – $55 $950 – $1,050 $145 – $155 $230 – $260 Consolidated CapEx ($ million) $400 - $440 $280 – $320 $460 – $500 $300 - $320 $535 – $575 CAS ($/oz) Newmont Batu Hijau Australia/New Zealand Yanacocha Nevada

(1)_{Refer to slide}_{16 for}_{original outlook} (2) _{Included in gold capital expenditure above}

• Updating the top end of equity gold sales outlook to 5.4 from 5.5 million

equity ounces

• Updating consolidated capital expenditure outlook to $1.5B - $1.7B from

$1.4B - $1.6B

• CAS outlook remains unchanged

(7)

Corporate Scorecard – 2009

“Delivering on Our Commitments”



Continued focus on operating and project performance



Demonstrated leadership in safety, environmental stewardship and

social responsibility



Improved production profile at competitive costs applicable to sales with

Boddington acquisition



Strengthened balance sheet with $1.7B in additional financing

 Complete Boddington project

 Fulfill arbitration panel’s decision regarding Batu Hijau divestiture



Deliver 2009 operating performance in-line with expectations



Ongoing demonstration of leadership in safety, environmental

stewardship and social responsibility



Optimize and evaluate project pipeline against external opportunities

(8)

Boddington –

Plant Start-up Underway

• Dry plant commissioned and operating

• Wet plant commissioning underway

− First waste rock to mills achieved July 14

− First ore to mills expected by end of July

• First production expected in August

• Expected 12 month ramp-up to full production

• 2009 production will be lower than expected due to construction workforce productivity

issues and significant wet weather

(9)

~24 years

~ 1 Moz

~ 20 Moz

200-300 koz

1

st

_{5 years: <$300/oz}

Mid 2009

$2.8 - $2.9 billion

Current Outlook

375-450 koz

Sales - 2009

~ 1 Moz

~ 20 Moz

Production/Reserves:

1

st

_{full 5 years}

_{(annual average)}

Reserves

1

st

_{5 years: <$300/oz}

CAS

(including by-product credits)

Mid 2009

Schedule

+20 years

Mine Life

$2.6 - $2.9 billion

Capital Cost

(excluding Capitalized Interest)

Previous Outlook

Description

Boddington –

(10)

Conga – Capture Current Market

and Regional Opportunities

Business Objectives

• Sustain and grow regional presence, leveraging

regional targets

Reserves

(equity at 51.35%)

• 6.1 million ounces gold at 0.66 gpt

• 1.7 billion pounds copper at 0.26% Cu

Non-Reserve Mineralization

(equity at 51.35%)

• Gold: 124 million tonnes at 0.4 gpt

• Copper: 124 million tonnes at 0.18% Cu

Status

• Synergy options identified

(11)

Akyem –

Evaluate Current Opportunities

Business Objectives

• Leverage existing region

Reserves

• 7.7 million ounces gold at 1.8 gpt

Non-Reserve Mineralization

• 14.7 million tonnes at 1.6 gpt

Status

• Received environmental permit

• Capital cost evaluation in current market

• Evaluating long-term power alternatives

• Infill drilling underway

(12)

Hope Bay – Advancing District Exploration

• Regional framework study has identified

22 new targets across 80 km belt

−

Follow-up in progress with geophysics

−

1

st

drill testing on priority targets

anticipated by year end

• Focus on project option evaluation

−

Includes large open-pit, underground and

variable mill options

−

35,000 meters of drilling completed year to

date

Prospectivity Map

Project Development Expanding District Potential

Targeted Areas

of Interest

Doris

Boston Madrid

(13)

Batu Hijau Divestiture Update



Paid award costs to Government of Indonesia associated with arbitration



Ensured the release of pledges on 31% of PTNNT shares held by senior lenders



Re-offered 3% for 2006 and 7% for 2007 divestiture shares to local and regional

governments



Reached an agreement with Government of Indonesia on valuation for the 2008 7% and

2009 7% divestiture shares, totaling ~ $494 million



Re-offered 2008 7% divestiture shares to the Government of Indonesia



Prepared to transfer the 2006, 2007 and 2008 divestiture shares

Newmont Divestiture Obligations per Arbitration Panel’s Decision:

Government of Indonesia Divestiture Obligations per Arbitration Panel’s Decision:



Reached an agreement on the valuation price for the 2008 7% divestiture shares



Local and regional governments to designate buyer(s) for the 3% 2006 and 7% 2007

divestiture shares



Government of Indonesia to designate a buyer for the 7% 2008 divestiture shares



Designated buyers to fund purchase of shares

(14)

Industry Leading Community Relations &

Safety Standards

Community Relationships Review (CRR)

Implementation

• Completed broad distribution of CRR

• Community relations performance standards

under review and revision

• New standards to be completed by end of

2009

0.20 0.10 0.10 0.11 0.16 0.74 0.84 0.92 1.21 1.48 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 2004 2005 2006 2007 2008 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 LTAFR TRAFR

Injury Frequency Rates

Newmont’s Safety Journey

• Accident frequency rates trending

downward

• 2009 YTD: > 11 million exposure

hours at South American

operations without a lost time

accident

(15)

(16)

2009 Outlook

0.75 0.70

0.75 Australian dollar exchange rate

$70 $50

$70 Oil price ($/barrel)

$2.00 $1.50

$2.00 Copper price ($/pound)

$750 $875

$925 Gold Price ($/ounce)

Q2 Update 27% - 31% $100 - $110 $150 - $160 $140 - $160 $165 - $175 $740 - $780 $1,500 - $1,700 $0.50 - $0.65 210 - 230 $400 - $440 5,200 – 5,400 Q2 Update 2009 Original 28% - 32% $150 - $160 $140 - $150 $120 - $150 $165 - $175 $775 - $825 $1,400 - $1,600 $0.65 - $0.75 210 - 230 $400 - $440 5,200 - 5,500 2009 Original 27% - 31% Effective tax rate

Q1 Update Forecast Assumptions $150 - $160 $140 - $150 $120 - $150 $165 - $175 $775 - $825 $1,400 - $1,600 $0.50 - $0.65 210 - 230 $400 - $440 5,200 - 5,500 Q1 Update Exploration ($ million)

Advanced projects, research and development ($ million) General & administrative ($ million)

Interest expense, net ($ million) Amortization ($ million)

Consolidated capital expenditures ($ million) Costs applicable to sales ($/pound)

Equity copper sales (million pounds) Costs applicable to sales ($/ounce) Equity gold sales (million ounces)

(17)

Reconciliation from Adjusted Net

Income to GAAP Net Income

(1)

(0.08) (34)

-Write-down of marketable securities

(0.09) (41)

-Legacy reclamation obligations

0.28 129 -Income taxes $ 162 (9) $ 171 -(42) $ 213 Q2 2009 $ 0.33 (0.02) $ 0.35 -(0.08) $ 0.43 Per Share

-Costs related to Boddington acquisition

(0.01) (5)

Western Australia gas interruption

$ 271 1 $ 270 $ 221 Q2 2008 $ 0.60

GAAP net income(1)

0.00

Income from discontinued operations(1)

$ 0.60

GAAP income from continuing operations(1)

$ 0.50

Adjusted net income

Per Share Description ($ million except per share, after-tax)

(18)

$270 $171 M in io ri ty In te re st s H ig h e r Sa le s Vo lu m e Low er I npu t C o st s R eal iz e d C o p per P ri ce 200 8 T a x B e n e fit

$100

$175

$250

$325

$400

Net Income

Q2 2008 (1)

Net Income

Q2 2009 (1)

$ m illio n