Newmont Announces Attributable Third Quarter Gold and Copper Production and Sales This release reflects Newmont's preliminary third quarter operating results and are subject to change when the Company files its third quarter Form 10-Q on Thursday, November 1st.

DENVER, Oct. 16, 2012 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today reported preliminary third quarter attributable gold and copper production of 1.24 million ounces and 35 million pounds, respectively.  Preliminary attributable gold and copper sales were 1.21 million ounces and 38 million pounds, respectively, at average realized prices of approximately $1,659 per ounce of gold and $3.54 per pound of copper. The London PM Fix average gold price for the quarter was $1,652 per ounce. Third quarter production was impacted by lower mill availability and recoveries at Boddington, and lower ore tonnes and grade mined at Tanami in Australia.

The Company is also expecting a $27 million charge for Hope Bay care and maintenance and a charge of approximately $50 million for restructuring, severance, and related costs in Other Expense for the quarter.

Newmont will report its third quarter 2012 financial results on Thursday, November 1st, 2012, after market close.

Region

Q3 2012 Attributable Production

(Kozs, Mlbs)

Q3 2012 Attributable Sales*

(Kozs, Mlbs)

YTD 2012 Attributable Production

(Kozs, Mlbs)

YTD 2012 Attributable Sales*

(Kozs, Mlbs)






Nevada

457

442

1270

1236

La Herradura

51

51

164

164

  North America

508

493

1434

1400

Yanacocha

182

182

570

558

La Zanja

14

14

40

40

  South America

196

196

610

598

Boddington

166

167

508

507

Other Australia/NZ

229

223

710

690

Batu Hijau

7

7

26

23

  Asia Pacific

402

397

1244

1220

Ahafo

131

123

438

422

  Africa

131

123

438

422

Total Gold

1237

1209

3726

3640

Boddington

16

17

48

46

Batu Hijau

19

21

60

57

Total Copper

35

38

108

103

*Included in attributable sales are Newmont's non-consolidated equity interests in La Zanja and Duketon.

Conference Call Information

A conference call will be held on Friday, November 2, 2012 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

888.566.1822



Intl Dial-In Number

312.470.7116



Leader

John Seaberg



Passcode

Newmont



Replay Number

800-834-5839



Intl Replay Number

203-369-3351



Replay Passcode

2012



Webcast Details




URL

http://services.choruscall.com/links/newmont121102.html







Please download the free Newmont Investor Relations iPad application from the Apple Online App Store, keyword search "Newmont".

Cautionary Statement About Preliminary Results

We caution you that, whether or not expressly stated, all measures of the Company's third quarter financial results and condition contained in this news release, including production, sales, average realized price, care and maintenance costs and other expenses, are preliminary results as of the date of this news release. Actual reported third quarter results are subject to management's final review as well as review by the Company's independent registered accounting firm, and may vary due to a number of factors, including, without limitation, additional or revised information and changes in accounting standards or policies or in how those standards are applied. For a discussion of factors that may adversely affect our financial results and condition, refer to the Company's 2011 Annual Report on Form 10-K, filed on February 24, 2012, with the Securities and Exchange Commission ("SEC"), as well as the Company's other SEC filings, available on the SEC's website at www.sec.gov.  Investors are encouraged to review the Company's third quarter Form 10-Q, which is expected to be filed on Form 10-Q on or prior to Friday, November 2, 2012 for the actual reported third quarter results. 










Appendix

Attributable Production

 

Region

Q3 2011 Attributable Production

(Kozs, Mlbs)

Q2 2012 Attributable Production

(Kozs, Mlbs)

Q3 2012 Attributable Production

(Kozs, Mlbs)

2011 YTD Attributable Production

(Kozs, Mlbs)

2012 YTD Attributable Production

(Kozs, Mlbs)

% Change
Q3 2012 vs Q3 2011

% Change
Q3 2012 vs Q2 2012

% Change
YTD 2012 vs YTD 2011










Nevada

428

378

457

1218

1270

7%

21%

4%

La Herradura

54

59

51

156

164

-4%

-12%

5%

   North America

482

437

508

1374

1434

5%

16%

4%

Yanacocha

169

200

182

492

570

8%

-9%

16%

La Zanja

19

13

14

49

40

-26%

8%

-18%

  South America

188

213

196

541

610

4%

-8%

13%

Boddington

166

180

166

536

508

0%

-8%

-5%

Other Australia/NZ

263

212

229

814

710

-13%

8%

-13%

Batu Hijau

66

8

7

138

26

-89%

-13%

-81%

  Asia Pacific

495

400

402

1488

1244

-19%

0%

-16%

Ahafo

146

132

131

478

438

-10%

-1%

-8%

  Africa

146

132

131

478

438

-10%

-1%

-8%

Total Gold

1311

1182

1237

3881

3726

-6%

5%

-4%

Boddington

17

18

16

47

48

-7%

-12%

2%

Batu Hijau

41

20

19

112

60

-54%

-5%

-46%

Total Copper

58

38

35

159

108

-40%

-8%

-32%

SOURCE Newmont Mining Corporation



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