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Newmont Achieves 2013 Production Target; Provides 2014 Outlook

The Phase 6 stripping campaign at Batu Hijau is expected to be completed in the fourth quarter of this year, at which time production is expected to increase and costs to decrease significantly. This is subject to potential operating plan modifications based on the recent export regulations issued by the Indonesian Government in mid-January. Please see the Company’s press release dated January 22, 2014.

 
2014 Consolidated Production, CAS, AISC and Capital Outlook a
Region  

2014 Consolidated Production

 

2014 Consolidated CAS

 

2014 Consolidated All-in Sustaining Costs b

 

Consolidated Capital Expenditures

  (Kozs, Kt)   ($/oz, $/lb)   ($/oz, $/t)  

($M)

Carlin 830 - 910 $790 - $860 $275 - $300
Twin Creeks c 330 - 360 $550 - $600 $110 - $130
Phoenix d 195 - 215 $655 - $715 $30 - $40
La Herradura 185 - 200 $800 - $875 $90 - $100
Other North America               $20 - $30
North America   1,550 - 1,650   $720 - $790   $1,045 - $1,135   $540 - $600
Yanacocha e 895 - 985 $725 - $790 $180 - $200
Other South America               $25 - $50
South America   895 - 985   $725 - $790   $1,115 - $1,205   $200 - $250
Boddington 665 - 725 $880 - $960 $100 - $115
KCGM 300 - 330 $990 - $1,080 $30 - $40
Tanami 300 - 325 $750 - $825 $90 - $100
Jundee 210 - 230 $765 - $835 $25 - $35
Waihi 100 - 115 $755 - $825 $10 - $20
Other Australia/NZ               $5 - $15
Australia/New Zealand   1,600 - 1,700   $855 - $930   $1,045 - $1,135   $275 - $300
Batu Hijau, Indonesia f   135 - 150   $630 - $690   $945 - $1,025   $125 - $150
Ahafo 365 - 400 $700 - $770 $115 - $130
Akyem   415 - 460   $455 - $500       $15 - $25
Africa   785 - 850   $575 - $625   $795 - $865   $130 - $150
Corporate/Other               $20 - $25
Total Gold   5,000 - 5,350   $740 - $790   $1,075 - $1,175   $1,300 - $1,400
Phoenix 15 - 25 $2.25 - $2.50
Boddington 25 - 35 $2.50 - $2.80
Batu Hijau f   110 - 125   $1.75 - $2.00        
Total Copper   160 - 175   $2.00 - $2.25   $2.75 - $2.95    

a The outlook ranges presented herein represent forward looking statements, which are subject to certain risks and uncertainties. See cautionary statement at the end of this release. Additionally, individual site ranges in the table above may not sum to total regional or Company levels to provide for portfolio flexibility.

b All-in sustaining cost (“AISC”) is a non-GAAP metric defined as the sum of cost applicable to sales (including all direct and indirect costs related to current gold production incurred to execute on the current mine plan), remediation costs (including operating accretion and amortization of asset retirement costs), G&A, exploration expense, advanced projects and R&D, treatment and refining costs, other expense, net of one-time adjustments and sustaining capital. Note that the Company has updated this metric to now include treatment and refining costs.

c Includes GTRJV operations.

d Includes Lone Tree operations.

e Newmont holds a 51.35% interest in Yanacocha.

f 2014 Outlook for Batu Hijau is based upon the Company's operating and mine plan as of the date hereof. The above assumes a 44.5625% interest in Batu Hijau and is based upon the terms set forth in the Contract of Work. Such outlook remains subject to change pending the clarification regarding the new regulations, which have the potential to impact future operating plans at Batu Hijau.

 
2014 Expense Outlook
Description  

2014 Consolidated Expenses ($M)

     
General & Administrative $175 - $200
Other Expense $150 - $175
Interest Expense $350 - $375
DD&A $1,050 - $1,125
Exploration and Projects $400 - $450
Sustaining Capital $1,200 - $1,300
Tax Rate   34%-37%
 

Conference Call Details

A conference call to discuss preliminary 2013 operating highlights and 2014 outlook will be held on Friday, January 31 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 800.369.1917
Intl Dial-In Number 210.234.0025
Leader Kirsten Benefiel
Passcode Newmont
Replay Number 800.879.5206
Intl Replay Number 203.369.3563
Replay Passcode 2014
 

Webcast Details

http://event.on24.com/r.htm?e=732534&s=1&k=9CD8C730F3DAD7FB31434198EB589258

Newmont Mining Corporation will report fourth quarter and year-end 2013 results after the market closes on Thursday, February 20, 2014. The fourth quarter and year-end 2013 results and related financial and statistical information will be available after the market close on Thursday, February 20, 2014, on the “Investor Relations” section of the Company’s website at www.newmont.com. A conference call will be held on Friday, February 21 at 10 a.m. ET (8 a.m. MT). A live webcast of the call also will be available on the Company’s website.

     

Conference Call Details

Dial-In Number 800.369.1917
Intl Dial-In Number 210.234.0025
Leader Kirsten Benefiel
Passcode Newmont
Replay Number 800.283.0668
Intl Replay Number 402.998.0898
Replay Passcode 2014
 

Webcast Details

http://event.on24.com/r.htm?e=739580&s=1&k=CC07798D7823F25A74B92BAEB6BA6BE9

Additionally, the conference call will be archived for a limited time on the Company’s website.

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