Newmont Announces Second Quarter Attributable Gold and Copper Production and Sales

Newmont Announces Second Quarter Attributable Gold and Copper Production and Sales

This release reflects Newmont's preliminary second quarter operating results, which remain subject to change when the Company files its second quarter Form 10-Q on Thursday, July 25, 20131.

DENVER--(BUSINESS WIRE)-- Newmont Mining Corporation (NYS: NEM) ("Newmont" or the "Company") today reported preliminary second quarter attributable gold and copper production of 1.167 million ounces and 34 million pounds, respectively. Preliminary attributable gold and copper sales were 1.213 million ounces and 37 million pounds, respectively. Second quarter gold production was in line with expectations.

The London PM Fix average gold price for the quarter was $1,415 per ounce.

The Company continues to expect full year 2013 attributable gold and copper production of 4.8 - 5.1 million ounces and 150 - 170 million pounds, respectively.

1 See cautionary statement regarding preliminary results at the end of this release.

Q2 2013 Preliminary Operating Results

Attributable Production


Q2 2012

Q1 2013

Q2 2013

% Change
Q2 2013 vs

% Change
Q2 2013 vs

Region(Kozs, Mlbs)(Kozs, Mlbs)(Kozs, Mlbs)Q2 2012Q1 2013
Nevada a3783813831%1%
La Herradura  59  55  54  -8%  -2%
North America  437  436  437  0%  0%
Yanacocha  200  147  150  -25%  2%
La Zanja  13  15  17  31%  13%
South America  213  162  167  -22%  3%
Boddington  180  177  171  -5%  -3%
Other Australia/NZ  212  258  247  17%  -4%
Asia Pacific  392  435  418  7%  -4%
Batu Hijau  8  7  6  -25%  -14%
Indonesia  8  7  6  -25%  -14%
Ahafo  132  125  139  5%  11%
Africa  132  125  139  5%  11%
Total Gold  1,182  1,165  1,167  -1%  0%
Boddington  18  18  16  -11%  -11%
Batu Hijau  20  20  18  -10%  -10%
Total Copper  38  38  34  -11%  -11%

Attributable Sales


Q2 2012

Q1 2013

Q2 2013

% Change
Q2 2013 vs

% Change
Q2 2013 vs

Region(Kozs, Mlbs)(Kozs, Mlbs)(Kozs, Mlbs)Q2 2012Q1 2013
Nevada a361  351  399  11%  14%
La Herradura  59  55  54  -8%  -2%
North America  420  406  453  8%  12%
Yanacocha  196  143  152  -22%  6%
La Zanja  13  15  17  31%  13%
South America  209  158  169  -19%  7%
Boddington  164  200  193  18%  -4%
Other Australia/NZ  211  254  250  18%  -2%
Asia Pacific  375  454  443  18%  -2%
Batu Hijau  6  3  6  0%  100%
Indonesia  6  3  6  0%  100%
Ahafo  130  119  142  9%  19%
Africa  130  119  142  9%  19%
Total Gold  1,140  1,140  1,213  6%  6%
Boddington  13  20  19  46%  -5%
Batu Hijau  15  11  18  20%  64%
Total Copper  28  31  37  32%  19%
aProduction and sales volumes do not include copper production from the Phoenix mine. Phoenix copper production is accounted for as a by-product and its revenues, net of treatment and refining charges, are credited to Nevada costs applicable to sales as a by-product credit.
bIncluded in attributable sales are Newmont's non-consolidated equity interests in La Zanja and Duketon.

Conference Call Details

Newmont Mining Corporation will report second quarter 2013 results after the market closes on Thursday, July 25, 2013. A conference call will be held on Friday, July 26 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



Intl Dial-In Number



John Seaberg



Replay Number


Intl Replay Number


Replay Passcode


The second quarter 2013 results and related financial and statistical information will be available after the market close on Thursday, July 25, 2013 on the "Investor Relations" section of the Company's web site, Additionally, the conference call will be archived for a limited time on the Company's website.

Cautionary Statement Regarding Preliminary Results

We caution you that, whether or not expressly stated, all measures of the Company's second quarter financial results and condition contained in this news release, including gold and copper production and sales, are preliminary and reflect our expected second quarter results as of the date of this news release. Actual reported results are subject to management's final review as well as audit by the Company's independent registered accounting firm and may vary significantly from those expectations because of 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, see the Company's 2012 Annual Report on Form 10-K, filed on February 22, 2013, with the Securities and Exchange Commission ("SEC"), as well as the Company's other SEC filings, available on the SEC's website at The Company will provide additional discussion and analysis and other important information about its second quarter financial results and condition when it reports actual results on July 25, 2013. Investors are encouraged to consider this information in conjunction with the Company's Form 10-Q for the quarter-ended June 30, 2013, which is expected to be filed with the SEC on or about July 25, 2013.

Cautionary Statement Regarding Forward Looking Statements:

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 of full year 2013 attributable gold and copper production and sales. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological, meteorological and other physical conditions; (ii) permitting, development, operations and expansion being consistent with current expectations and mine plans; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (v) certain price assumptions for gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels; and (vii) the accuracy of our current mineral reserve and mineral resource estimates. 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, projected or implied by the "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, community relations, conflict resolution and outcome of oppositions and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company's 2012 Annual Report on Form 10-K, filed on February 22, 2013, 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," 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.

Newmont Mining Corporation
Investor Contacts
John Seaberg, 303-837-5743
Allysa Howell, 303-837-5788
Media Contacts
Omar Jabara, 303-837-5114
Diane Reberger, 303-967-9455

KEYWORDS:   United States  North America  Canada  Colorado


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