Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) today announced it retired $575 million of principal under its 1.625% convertible senior notes due July 15, 2017. Since 2013, Newmont has streamlined its balance sheet and reduced its gross debt by over 30% and its net debt by nearly 70%. "The full repayment of our Convertible Notes continues the deleveraging and simplification of our balance sheet we began in 2013," said Nancy Buese, Executive Vice President and Chief Financial Officer. "This $575 million reduction of debt further affords us the financial flexibility to fund our highest margin projects and exploration opportunities while keeping our commitment to return cash to shareholders. Since 2013, we have reduced our gross debt by approximately $2.1 billion while self-funding nine growth projects and returning $260 million to our shareholders in dividend payments." In total, the Company has approximately $5.5 billion dollars in cash and revolver capacity and will continue to evaluate and optimize the best use of free cash flow including investing in projects to improve margins and reserve life, returning capital to shareholders, and repaying debt. The next tranche of debt due is $626 million of 5.125% senior notes due on October 1, 2019. About Newmont Newmont is a leading gold and copper producer. The Company's operations are primarily in the United States, Australia, Ghana, Peru, and Suriname. Newmont is the only gold mining company in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015 and 2016. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925. Cautionary Statement 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 financial flexibility, future use of free cash flow, including future project investments, return to shareholders and debt repayment, and other statements relating to future performance. 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." Risks relating to forward looking statements in regard to the Company's business and future performance may include, but are not limited to, gold price volatility, currency fluctuations, increased production costs, variances in ore grade or recovery rates from those assumed in mining plans and other operational risks, geotechnical, metallurgical and hydrological risks, political and community relations risk, and changes in governmental regulation and requirements. For a discussion of such risks relating to our business and other factors, see the Company's Form 10-K, filed on or about February 21, 2017, with the Securities and Exchange Commission (SEC) under the headings "Risk Factors" and "Forward-Looking Statements", and 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.