Business Summary April 03, 2006Newmont Mining Corp. is the...

Business Summary April 03, 2006
Newmont Mining Corp. is the world's second largest gold company. It has significant assets and operations in the United
States, Australia, Peru, Indonesia, Canada, Uzbekistan, Bolivia, New Zealand, Ghana and Mexico. The company has two
large development projects in Ghana, West Africa. Newmont is also engaged in the production of copper, principally through
its Batu Hijau operation in Indonesia.
Through its Merchant Banking unit, NEM manages a royalty portfolio, an equity portfolio and a downstream gold refining
business, and engages in portfolio management activities in oil and gas, iron ore and coal properties.
NEM expects annual gold production of 6.5 million oz. to 7.0 million oz. through 2007, with an increase thereafter. Excluding
the impact of currency movements and higher energy-related costs, the company anticipates that total cash costs will trend
down over time, as production from older, more mature mines is replaced by production from newer, low-cost operations.
As a general policy, NEM engages in only limited hedging of its production, because it anticipates higher gold prices over the
long term, and seeks to provide shareholders with greater leverage to the price of gold.
Equity production at North American operations totaled 2,518,700 oz. in 2005, versus 2,567,300 oz. in 2004.
Equity production in South America totaled 1,794,700 oz. in 2005, versus 1,571,100 oz. in 2004.
Equity production in Australia/New Zealand totaled 1,595,900 oz. in 2005, versus 1,818,700 oz. in 2004.
Gold production at Batu Hujua in Indonesia totaled 386,900 oz. in 2005, versus 398,000 oz. in 2004. Equity copper production
totaled 315.1 million lbs., versus 397.5 million lbs. in 2004.
Equity gold production totaled 6.44 million oz. in 2005, versus 6.72 million oz. in 2004. NEM's average realized price per oz.
was $441 in 2005, versus $412 in 2004. Cash costs per oz. were $236 in 2005, versus $216 in 2004.
About 35% of Newmont's equity gold sales in 2005 came from the United States, 27% from Peru, 25% from

Australia/NewZealand, 6% from Indonesia, and 7% from other operations. As of December 31, 2005, approximately 54% of
the company's total long-lived assets were located in the U.S., with the balance located in Peru, Australia, Indonesia, Ghana,
Canada, Mexico, Bolivia, Turkey and Uzbekistan.
Proven and probable gold reserves totaled 93.2 million oz. at the end of 2004, versus 92.4 million oz. at the end of 2004,
using a gold price of $400 per oz., versus $350 per oz. for 2004. At 2005 year end, 33.2 million oz. were located in Nevada,
16.8 million oz. in Peru, 18.7 million oz. in Ghana, 14.9 million oz. in Australia/New Zealand, 6.7 million oz. in Indonesia, and
2.9 million oz. in other operations located in Canada, Mexico, Bolivia, Turkey and Uzbekistan.
Copper reserves totaled 9.1 billion lbs.at the end of 2005, using a copper price assumption of $1.00 per lb., versus 8.9 billion
lbs. at 2004 year end, using a copper price assumption of $0.90 per lb.