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Newmont Reports 2016 Reserves and Resources

21.02.2017  |  Business Wire

Newmont Mining Corp. (NYSE: NEM) (Newmont or the Company) reported gold reserves of 68.5 million ounces for 2016 compared to 71.1 million ounces for 2015.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170221006620/en/

(Graphic: Business Wire)

The Company added 4.1 million ounces of gold reserves through exploration. Notable additions for the year include 1.4 million ounces at Tanami, 0.6 million ounces at Merian, 0.4 million ounces at Carlin underground and 0.4 million ounces at KCGM (Newmont’s 50 percent share). Overall gold reserve grades rose from the prior year to 1.20 grams per tonne.

The Company added 6.1 million ounces of gold resource1 through exploration, including 2.0 million ounces of gold at Yanacocha and significant additions at higher grade underground mines including at Ahafo, Carlin and Tanami. Resource grades rose from the prior year to 0.86 grams per tonne.

Unless otherwise noted, all figures exclude PTNNT. The sale of Newmont’s 48.5 percent stake in PTNNT, which operates the Batu Hijau mine in Indonesia, closed on November 2, 2016.

Newmont reported 4.9 million ounces of attributable mine production in 2016, resulting in 6.0 million ounces of reserve depletion. Other changes to gold reserves include a reduction of 0.6 million ounces due to price change, primarily related to the impact of lower assumed copper reserve pricing at Phoenix. Reserve revisions were modest and mostly offsetting.

Newmont reported 33.6 million ounces of attributable Measured and Indicated gold resources and 14.0 million ounces attributable Inferred gold resources in 2016. Total attributable gold resources increased by 5.7 million ounces or nearly 14 percent from the prior year. The Company added 6.1 million ounces through exploration, partially offset by conversions of 4.1 million ounces.

Exploration Outlook

Newmont’s total exploration expenditure is expected to increase to more than $200 million2 in 2017, with about 80 percent allocated to near-mine and brownfields and the balance allocated to greenfields programs. Geographically, the Company expects to spend about 38 percent of this amount in North America, 35 percent in South America and the remainder in Australia, Africa and other locations.

_________________

1

Resources include measured, indicated and inferred resources; totals may not add up due to rounding. See cautionary statement at end of release regarding reserves and resources.
2 Includes capitalized and expensed exploration

Gold Reserve Sensitivity

A $100 increase in gold price would result in an approximate 4 percent increase in gold reserves while a $100 decrease in gold price would result in an approximate 6 percent decrease in gold reserves. These sensitivities assume an oil price of $55 per barrel (WTI) and an Australian dollar exchange rate of $0.75.

For additional details on Newmont’s reported Gold, Copper and Silver Mineral Reserves and Resources, please refer to the tables at the end of this release.

Key Assumptions:
Years Ended December 31,

2016

2015
Gold Reserves (US$/oz) $1,200 $1,200
Gold Resources (US$/oz) $1,400 $1,400
Copper Reserves (US$/lb) $2.50 $2.75
Copper Resources (US$/lb) $3.00 $3.50
Australian Dollar (A$:US$) $0.75 $0.80
West Texas Intermediate (US$/bbl) $55 $75

Reserve and Resource Tables

Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determine economic feasibility. Metal price assumptions follow SEC guidance not to exceed a three year trailing average. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables included in this release list the average metallurgical recovery rate for each deposit, which takes into account the assumed processing methods. The cut-off grade, or lowest grade of material considered economic to process, varies with material type, price, metallurgical recoveries, operating costs and co- or by-product credits. The Proven and Probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold and copper will be realized. Ounces of gold and silver or pounds of copper included in the Proven and Probable reserves are those contained prior to losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold or copper, as well as increased production costs or reduced metallurgical recovery rates, could render certain Proven and Probable reserves containing relatively lower grades of mineralization uneconomic to exploit and might result in a reduction of reserves.

The Measured, Indicated, and Inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A “Mineral Resource” is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade, or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. Ounces of gold and silver or pounds of copper included in the Measured, Indicated and Inferred resources are those contained prior to losses during metallurgical treatment. Market fluctuations in the price of gold and copper, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources. Please refer to the reserves and resources cautionary statement at the end of the release.

We publish reserves and resources annually, and will recalculate reserves and resources at year-end 2017, taking into account metal prices, changes, if any, in future production and capital costs, mine designs, model changes, divestments and depletion as well as any acquisitions and additions during 2017.

Attributable Proven, Probable, and Combined Gold Reserves(1), U.S. Units
December 31, 2016 December 31, 2015
Proven Reserves Probable Reserves Proven and Probable Reserves

Metallurgical
Recovery(3)

 Proven + Probable Reserves
Deposits/Districts by Reporting Unit Newmont Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3)

Share(23)

 (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs)
North America
Carlin Open Pits (4) 100 % 67,900 0.058 3,960 187,400 0.024 4,540 255,300 0.033 8,500 63 % 258,300 0.036 9,350
Carlin Stockpiles (5) 100 % 21,200 0.063 1,330 - - - 21,200 0.063 1,330 81 % 22,800 0.059 1,330
Carlin Underground (6) 100 % 12,000 0.299 3,580 6,600 0.240 1,590 18,600 0.278 5,170 85 % 23,000 0.266 6,100
Total Carlin, Nevada 101,100 0.088 8,870 194,000 0.032 6,130 295,100 0.051 15,000 72 % 304,100 0.055 16,780
Phoenix (7) 100 % 4,800 0.025 120 251,800 0.017 4,220 256,600 0.017 4,340 76 % 291,500 0.017 5,100
Lone Tree (8) 100 % 2,600 0.007 20 1,200 0.020 20 3,800 0.011 40 57 % 3,700 0.007 30
Total Phoenix, Nevada 7,400 0.019 140 253,000 0.017 4,240 260,400 0.017 4,380 76 % 295,200 0.017 5,130
Turquoise Ridge (9) 25 % 1,500 0.453 710 1,400 0.458 630 2,900 0.455 1,340 92 % 3,100 0.446 1,400
Twin Creeks (10) 100 % 3,700 0.046 180 26,200 0.054 1,410 29,900 0.053 1,590 77 % 32,100 0.054 1,740
Twin Creeks Stockpiles (5) 100 % 32,000 0.063 2,000 - - - 32,000 0.063 2,000 74 % 35,600 0.064 2,280
Total Twin Creeks, Nevada 37,200 0.078 2,890 27,600 0.074 2,040 64,800 0.076 4,930 80 % 70,800 0.077 5,420
Long Canyon, Nevada (11) 100 % - - - 19,200 0.061 1,170 19,200 0.061 1,170 76 % 18,000 0.067 1,200
CC&V (12) 100 % 72,500 0.022 1,560 17,900 0.017 310 90,400 0.021 1,870 62 % 100,800 0.024 2,440
CC&V Leach Pad (13) 100 % - - - 48,500 0.025 1,210 48,500 0.025 1,210 57 % 46,000 0.025 1,160
CC&V Stockpiles (5) 100 % 2,800 0.112 310 - - - 2,800 0.112 310 70 % 2,700 0.084 230
Total CC&V, Colorado 75,300 0.025 1,870 66,400 0.023 1,520 141,700 0.024 3,390 61 % 149,500 0.026 3,830
TOTAL NORTH AMERICA 221,000 0.062 13,770 560,200 0.027 15,100 781,200 0.037 28,870 73 % 837,600 0.039 32,360
South America

Yanacocha Open Pits (14)

 51.35 % 17,900 0.018 310 81,400 0.018 1,500 99,300 0.018 1,810 69 % 113,200 0.017 1,940

Yanacocha Leach Pad (13)

 51.35 % 8,600 0.020 170 - - - 8,600 0.020 170 67 % 12,600 0.019 240

Yanacocha Stockpiles(5)

 51.35 % 5,800 0.044 260 - - - 5,800 0.044 260

63

 % 7,800 0.052 410

Total Yanacocha, Peru

 32,300 0.023 740 81,400 0.018 1,500 113,700 0.020 2,240 69 % 133,600 0.019 2,590

Merian, Suriname (15)

 75 % - - - 116,800 0.037 4,290 116,800 0.037 4,290 93 % 110,600 0.035 3,840
TOTAL SOUTH AMERICA 32,300 0.023 740 198,200 0.029 5,790 230,500 0.028 6,530 85 % 244,200 0.026 6,430
Asia Pacific
Boddington Open Pit (16) 100 % 226,400 0.022 5,020 241,200 0.022 5,280 467,600 0.022 10,300 84 % 511,700 0.020 10,450
Boddington Stockpiles (5) 100 % 15,800 0.016 250 83,800 0.013 1,090 99,600 0.013 1,340 77 % 93,400 0.014 1,280
Total Boddington, Western Australia 242,200 0.022 5,270 325,000 0.020 6,370 567,200 0.021 11,640 83 % 605,100 0.019 11,730
Tanami, Northern Territory (17) 100 % 6,300 0.153 960 19,300 0.182 3,520 25,600 0.175 4,480 96 % 20,500 0.168 3,460
Kalgoorlie Open Pit and Underground (18) 50 % 9,800 0.060 580 30,400 0.064 1,950 40,200 0.063 2,530 84 % 45,200 0.059 2,650
Kalgoorlie Stockpiles (5) 50 % 70,100 0.023 1,610 - - - 70,100 0.023 1,610 76 % 66,000 0.023 1,500
Total Kalgoorlie, Western Australia 79,900 0.027 2,190 30,400 0.064 1,950 110,300 0.038 4,140 81 % 111,200 0.037 4,150
TOTAL ASIA PACIFIC 328,400 0.026 8,420 374,700 0.032 11,840 703,100 0.029 20,260 86 % 736,800 0.026 19,340
Africa
Ahafo South Open Pits (19) 100 % 13,900 0.066 920 50,600 0.051 2,580 64,500 0.054 3,500 90 % 72,800 0.054 3,950
Ahafo Underground (20) 100 % - - - 11,700 0.131 1,530 11,700 0.131 1,530 94 % 9,300 0.143 1,330
Ahafo Stockpiles (5) 100 % 42,000 0.028 1,190 - - - 42,000 0.028 1,190 87 % 44,800 0.030 1,360
Total Ahafo South, Ghana 55,900 0.038 2,110 62,300 0.066 4,110 118,200 0.053 6,220 90 % 126,900 0.052 6,640
Ahafo North, Ghana (21) 100 % - - - 47,900 0.069 3,330 47,900 0.069 3,330 91 % 36,900 0.071 2,620
Akyem Open Pit (22) 100 % 17,200 0.049 840 43,500 0.047 2,040 60,700 0.047 2,880 89 % 67,100 0.049 3,260
Akyem Stockpiles (5) 100 % 10,800 0.035 370 - - - 10,800 0.035 370 89 % 10,000 0.040 400
Total, Akyem, Ghana 28,000 0.043 1,210 43,500 0.047 2,040 71,500 0.045 3,250 89 % 77,100 0.048 3,660
TOTAL AFRICA 83,900 0.040 3,320 153,700 0.062 9,480 237,600 0.054 12,800 90 % 240,900 0.054 12,920
TOTAL NEWMONT CONTINUING OPERATIONS 665,600 0.039 26,250 1,286,800 0.033 42,210 1,952,400 0.035 68,460 81 % 2,059,500 0.035 71,050
Batu Hijau Open Pit (23) 48.5 % - - - - - - - - - 0 % 134,500 0.015 2,030
Batu Hijau Stockpiles (5)(23) 48.5 % - - - - - - - - - 0 % 184,800 0.003 640
TOTAL NEWMONT WORLDWIDE 665,600 0.039 26,250 1,286,800 0.033 42,210 1,952,400 0.035 68,460 81 % 2,378,800 0.031 73,720
(1)

See cautionary statement regarding reserves and resources at end of release hereof. 2016 reserves were calculated at a gold price of $1,200 or A$1,600 per ounce unless otherwise noted. 2015 reserves were calculated at a gold price of $1,200 or A$1,500 per ounce unless otherwise noted.
(2) Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest 100,000.
(3) Ounces are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Ounces are rounded to the nearest 10,000.
(4) Cut-off grades utilized in 2016 reserves were as follows: oxide leach material not less than 0.006 ounce per ton; oxide mill material not less than 0.015 ounce per ton; flotation material not less than 0.016 ounce per ton; and refractory mill material not less than 0.080 ounce per ton.
(5) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.
(6) Cut-off grade utilized in 2016 reserves not less than 0.044 ounce per ton.
(7) Gold cut-off grade varies with level of copper and silver credits.
(8) Cut-off grade utilized in 2016 reserves not less than 0.006 ounce per ton.
(9) Reserve estimates provided by Barrick, the operator of the Turquoise Ridge joint venture.
(10) Cut-off grades utilized in 2016 reserves were as follows: oxide leach material not less than 0.006 ounce per ton; oxide mill material not less than 0.015 ounce per ton; and refractory mill material not less than 0.034 ounce per ton.
(11) Cut-off grade utilized in 2016 reserves not less than 0.007 ounce per ton.
(12) Cut-off grades utilized in 2016 reserves were as follows: oxide mill material not less than 0.050 ounce per ton and leach material not less than 0.005 ounce per ton.
(13) Leach pad material is the material on leach pads at the end of the year from which gold remains to be recovered. In-process reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.
(14) Cut-off grades utilized in 2016 reserves were as follows: oxide leach material not less than 0.003 ounce per ton; and oxide mill material not less than 0.013 ounce per ton.
(15) Gold cut-off grades utilized in 2016 reserves not less than 0.011 ounce per ton.
(16) Gold cut-off grade varies with level of copper credits.
(17) Cut-off grade utilized in 2016 reserves not less than 0.070 ounce per ton.
(18) Cut-off grade utilized in 2016 insitu reserves not less than 0.026 ounce per ton.
(19) Cut-off grade utilized in 2016 reserves not less than 0.018 ounce per ton.
(20) Project is partially developed with ongoing studies being completed prior to a full-development decision. Cut-off grade utilized in 2016 reserves not less than 0.090 ounce per ton.
(21) Includes undeveloped reserves at six pits in the Ahafo trend totaling 3.3 million ounces. Cut-off grade utilized in 2016 reserves not less than 0.014 ounce per ton.
(22) Cut-off grade utilized in 2016 reserves not less than 0.017 ounce per ton.
(23) Newmont divested its interest in the Batu Hijau mine on November 2, 2016. As such, Newmont share percentage was zero as of December 31, 2016. The percentage figure above for Batu Hijau represent Newmont interest as of December 31, 2015 of 48.5%.
(24) Newmont share percentage reflects Newmont’s economic interest as of December 31, 2016 (other than Batu Hijau; see note 23 above).
Attributable Proven, Probable, and Combined Gold Reserves(1), Metric Units
December 31, 2016 December 31, 2015
Proven Reserves Probable Reserves Proven and Probable Reserves

Metallurgical
Recovery(3)

 Proven + Probable Reserves
Deposits/Districts by Reporting Unit Newmont Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3) Tonnage(2) Grade Gold(3)

Share(23)

 (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs)
North America
Carlin Open Pits 100 % 61,600 2.00 3,960 170,000 0.83 4,540 231,600 1.14 8,500 63 % 234,300 1.24 9,350
Carlin Stockpiles (5) 100 % 19,200 2.14 1,330 - - - 19,200 2.14 1,330 81 % 20,700 2.01 1,330
Carlin Underground 100 % 10,900 10.25 3,580 6,000 8.24 1,590 16,900 9.53 5,170 85 % 20,800 9.10 6,100
Total Carlin, Nevada 91,700 3.01 8,870 176,000 1.08 6,130 267,700 1.74 15,000 72 % 275,800 1.89 16,780
Phoenix 100 % 4,400 0.86 120 228,400 0.57 4,220 232,800 0.58 4,340 76 % 262,600 0.60 5,060
Lone Tree 100 % 2,300 0.25 20 1,100 0.68 20 3,400 0.39 40 57 % 5,100 0.38 70
Total Phoenix, Nevada 6,700 0.65 140 229,500 0.57 4,240 236,200 0.58 4,380 76 % 267,700 0.60 5,130
Turquoise Ridge (9) 25 % 1,500 15.55 710 1,200 15.70 630 2,700 15.62 1,340 92 % 2,900 15.31 1,400
Twin Creeks 100 % 3,300 1.57 180 23,800 1.85 1,410 27,100 1.82 1,590 77 % 29,000 1.86 1,740
Twin Creeks Stockpiles (5) 100 % 29,000 2.15 2,000 - - - 29,000 2.15 2,000 74 % 32,300 2.19 2,280
Total Twin Creeks, Nevada 33,800 2.66 2,890 25,000 2.54 2,040 58,800 2.61 4,930 80 % 64,200 2.62 5,420
Long Canyon, Nevada 100 % - - - 17,500 2.09 1,170 17,500 2.09 1,170 76 % 16,300 2.28 1,200
CC&V 100 % 65,700 0.74 1,560 16,300 0.58 310 82,000 0.71 1,870 62 % 91,500 0.83 2,440
CC&V Stockpiles (5) 100 % 2,500 3.83 310 - - - 2,500 3.83 310 70 % 2,500 2.88 230
CC&V Leach Pad (13) 100 % - - - 44,000 0.86 1,210 44,000 0.86 1,210 57 % 41,700 0.86 1,160
Total CC&V, Colorado 68,200 0.85 1,870 60,300 0.78 1,520 128,500 0.82 3,390 61 % 135,700 0.88 3,830
TOTAL NORTH AMERICA 200,400 2.14 13,770 508,300 0.92 15,100 708,700 1.27 28,870 73 % 759,700 1.32 32,360
South America
Yanacocha Open Pits 51.35 % 16,200 0.60 310 73,800 0.63 1,500 90,000 0.63 1,810 69 % 102,700 0.59 1,940
Yanacocha Stockpiles (5) 51.35 % 5,300 1.52 260 - - - 5,300 1.52 260 63 % 7,100 1.79 410
Yanacocha Leach Pad (13) 51.35 % 7,800 0.68 170 - - - 7,800 0.68 170 67 % 11,400 0.66 240
Total Yanacocha, Peru 29,300 0.79 740 73,800 0.63 1,500 103,100 0.68 2,240 69 % 121,200 0.67 2,590
Merian, Suriname 75 % - - - 106,000 1.26 4,290 106,000 1.26 4,290 93 % 100,300 1.19 3,840
TOTAL SOUTH AMERICA 29,300 0.79 740 179,800 1.00 5,790 209,100 0.97 6,530 85 % 221,500 0.90 6,430
Asia Pacific
Boddington Open Pit 100 % 205,400 0.76 5,020 218,800 0.75 5,280 424,200 0.76 10,300 84 % 464,300 0.70 10,450
Boddington Stockpiles (5) 100 % 14,400 0.55 250 76,000 0.44 1,090 90,400 0.46 1,340 77 % 84,800 0.47 1,280
Total Boddington, Western Australia 219,800 0.75 5,270 294,800 0.67 6,370 514,600 0.70 11,640 83 % 549,100 0.66 11,730
Tanami, Northern Territory 100 % 5,700 5.26 960 17,500 6.23 3,520 23,200 6.00 4,480 96 % 18,700 5.76 3,460
Kalgoorlie Open Pit and Underground 50 % 8,900 2.04 580 27,600 2.19 1,950 36,500 2.16 2,530 84 % 41,000 2.01 2,650
Kalgoorlie Stockpiles (5) 50 % 63,600 0.79 1,610 - - - 63,600 0.79 1,610 76 % 59,900 0.78 1,500
Total Kalgoorlie, Western Australia 72,500 0.94 2,190 27,600 2.19 1,950 100,100 1.29 4,140 81 % 100,900 1.28 4,150
TOTAL ASIA PACIFIC 298,000 0.88 8,420 339,900 1.08 11,840 637,900 0.99 20,260 86 % 668,700 0.90 19,340
Africa
Ahafo South Open Pits 100 % 12,600 2.25 920 45,900 1.75 2,580 58,500 1.86 3,500 90 % 66,100 1.86 3,950
Ahafo Underground 100 % - - - 10,600 4.50 1,530 10,600 4.50 1,530 94 % 8,500 4.89 1,330
Ahafo Stockpiles (5) 100 % 38,100 0.97 1,190 - - - 38,100 0.97 1,190 87 % 40,600 1.04 1,360
Total Ahafo South, Ghana 50,700 1.29 2,110 56,500 2.27 4,110 107,200 1.80 6,220 90 % 115,200 1.79 6,640
Ahafo North, Ghana 100 % - - - 43,500 2.38 3,330 43,500 2.38 3,330 91 % 33,500 2.44 2,620
Akyem Open Pit 100 % 15,600 1.68 840 39,400 1.61 2,040 55,000 1.63 2,880 89 % 60,800 1.67 3,260
Akyem Stockpiles (5) 100 % 9,800 1.19 370 - - - 9,800 1.19 370 89 % 9,100 1.39 400
Total, Akyem, Ghana 25,400 1.49 1,210 39,400 1.61 2,040 64,800 1.56 3,250 89 % 69,900 1.63 3,660
TOTAL AFRICA 76,100 1.36 3,320 139,400 2.12 9,480 215,500 1.85 12,800 90 % 218,600 1.84 12,920
TOTAL NEWMONT CONTINUING OPERATIONS 603,800 1.35 26,250 1,167,400 1.12 42,210 1,771,200 1.20 68,460 81 % 1,868,500 1.18 71,050
Batu Hijau Open Pit (23) 48.5 % - - - - - - - - - 0 % 122,100 0.52 2,030
Batu Hijau Stockpiles (5)(23) 48.5 % - - - - - - - - - 0 % 167,700 0.12 640
TOTAL NEWMONT WORLDWIDE 603,800 1.35 26,250 1,167,400 1.12 42,210 1,771,200 1.20 68,460 81 % 2,158,300 1.06 73,720

See Footnotes under Gold Reserves U.S. units table. Note that cut off grades in such footnotes are represented in U.S. units

Attributable Gold Mineral Resources(1)(2) - December 31, 2016, U.S. Units
Gold Measured Resource Gold Indicated Resource Gold Measured + Indicated Resource(3) Gold Inferred Resource
Deposits/Districts Newmont Share Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au
(x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs)
North America
Carlin Trend Open Pit 100 % 33,800 0.049 1,670 66,500 0.029 1,950 100,300 0.036 3,620 13,900 0.027 380
Carlin Trend Underground 100 % 900 0.201 180 2,300 0.231 540 3,200 0.223 720 3,300 0.235 780
Total Carlin, Nevada 34,700 0.053 1,850 68,800 0.036 2,490 103,500 0.042 4,340 17,200 0.067 1,160
Phoenix 100 % 700 0.015 10 177,400 0.014 2,410 178,100 0.014 2,420 58,500 0.012 680
Phoenix Stockpiles (4) 100 % - - - - - - - - - 2,300 0.043 100
Lone Tree Complex 100 % - - - - - - - - - - - -
Buffalo Valley 70 % - - - 15,500 0.019 290 15,500 0.019 290 400 0.011 -
Total Phoenix, Nevada 700 0.015 10 192,900 0.014 2,700 193,600 0.014 2,710 61,200 0.013 780
Twin Creeks 100 % 1,100 0.072 80 30,500 0.062 1,890 31,600 0.062 1,970 16,700 0.043 720
Twin Creeks Stockpiles (4) 100 % 7,700 0.059 460 - - - 7,700 0.059 460 - - -
Sandman 100 % - - - 1,300 0.036 50 1,300 0.036 50 1,100 0.054 60
Turquoise Ridge (5) 25 % 900 0.479 420 500 0.435 220 1,400 0.463 640 500 0.487 230
Total Twin Creeks, Nevada 9,700 0.098 960 32,300 0.067 2,160 42,000 0.074 3,120 18,300 0.056 1,010
Long Canyon, Nevada 100 % 600 0.112 60 15,400 0.102 1,580 16,000 0.103 1,640 7,100 0.054 380
CC&V, Colorado 100 % 84,000 0.018 1,470 43,200 0.016 710 127,200 0.017 2,180 23,700 0.015 350
TOTAL NORTH AMERICA 129,700 0.034 4,350 352,600 0.027 9,640 482,300 0.029 13,990 127,500 0.029 3,680
South America
Conga, Peru 51.35 % - - - 392,700 0.019 7,490 392,700 0.019 7,490 130,500 0.011 1,480
Yanacocha, Peru 51.35 % 6,300 0.013 80 64,800 0.025 1,620 71,100 0.024 1,700 99,000 0.030 3,000
Merian, Suriname 75 % 1,500 0.039 60 19,800 0.032 630 21,300 0.032 690 40,400 0.032 1,300
TOTAL SOUTH AMERICA 7,800 0.018 140 477,300 0.020 9,740 485,100 0.020 9,880 269,900 0.021 5,780
Asia Pacific
Boddington, Western Australia 100 % 119,700 0.014 1,690 270,700 0.015 4,140 390,400 0.015 5,830 8,300 0.017 140
Tanami, Northern Territory 100 % - 0.039 - 2,800 0.161 460 2,800 0.161 460 3,500 0.171 610
Kalgoorlie, Western Australia 50 % 3,500 0.020 70 12,100 0.028 330 15,600 0.026 400 600 0.072 40
TOTAL ASIA PACIFIC 123,200 0.014 1,760 285,600 0.017 4,930 408,800 0.016 6,690 12,400 0.064 790
Africa
Ahafo 100 % 1,200 0.017 20 32,200 0.035 1,140 33,400 0.035 1,160 16,900 0.047 790
Ahafo Underground 100 % - - - 8,600 0.124 1,070 8,600 0.124 1,070 13,900 0.114 1,580
Total Ahafo, Ghana 1,200 0.017 20 40,800 0.054 2,210 42,000 0.053 2,230 30,800 0.077 2,370
Ahafo North, Ghana 100 % 2,600 0.034 90 7,800 0.050 390 10,400 0.046 480 11,100 0.052 570
Akyem, Ghana 100 % 1,100 0.047 50 9,200 0.033 300 10,300 0.034 350 18,100 0.044 810
TOTAL AFRICA 4,900 0.032 160 57,800 0.050 2,900 62,700 0.049 3,060 60,000 0.062 3,750
TOTAL NEWMONT WORLDWIDE 265,600 0.024 6,410 1,173,300 0.023 27,210 1,438,900 0.023 33,620 469,800 0.030 14,000
(1) Resources are reported exclusive of reserves.
(2) Resources are calculated at a gold price of $1,400 or A$1,750 per ounce for 2016 and $1,400 or A$1,650 per ounce for 2015. Tonnage amounts have been rounded to the nearest 100,000, and ounces have been rounded to the nearest 10,000.
(3) Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s 10-K filing.
(4) Stockpiles are comprised primarily of mineralized material that has been set aside during mining activities. Stockpiles can increase or decrease depending on changes in metal prices and other mining and processing cost and recovery factors. Stockpile reserves are reported separately where tonnage exceeds 100,000 and is greater than 5% of the total site-reported resources.
(5) Resource estimates provided by Barrick, the operator of the Turquoise Ridge Joint Venture.
Attributable Gold Mineral Resources(1)(2) - December 31, 2016, Metric units
Gold Measured Resource Gold Indicated Resource Gold Measured + Indicated Resource(3) Gold Inferred Resource
Deposits/Districts Newmont Share Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au Tonnage Grade Au
(x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs)
North America
Carlin Trend Open Pit 100 % 30,700 1.69 1,670 60,300 1.01 1,950 91,000 1.24 3,620 12,600 0.93 380
Carlin Trend Underground 100 % 800 6.90 180 2,100 7.93 540 2,900 7.64 720 3,000 8.05 780
Total Carlin, Nevada 31,500 1.82 1,850 62,400 1.24 2,490 93,900 1.44 4,340 15,600 2.29 1,160
Phoenix 100 % 700 0.52 10 160,900 0.47 2,410 161,600 0.47 2,420 53,000 0.39 680
Phoenix Stockpiles (4) 100 % - - - - - - - - - 2,100 1.48 100
Lone Tree Complex 100 % - - - - - - - - - - - -
Buffalo Valley 70 % - - - 14,100 0.65 290 14,100 0.65 290 400 0.38 -
Total Phoenix, Nevada 700 0.52 10 175,000 0.48 2,700 175,700 0.48 2,710 55,500 0.44 780
Twin Creeks 100 % 1,000 2.48 80 27,600 2.12 1,890 28,600 2.14 1,970 15,100 1.49 720
Twin Creeks Stockpiles (4) 100 % 7,000 2.02 460 - - - 7,000 2.02 460 - - -
Sandman 100 % - - - 1,200 1.23 50 1,200 1.23 50 1,000 1.85 60
Turquoise Ridge (5) 25 % 800 16.43 420 500 14.90 220 1,300 15.86 640 400 16.68 230
Total Twin Creeks, Nevada 8,800 3.37 960 29,300 2.29 2,160 38,100 2.54 3,120 16,500 1.91 1,010
Long Canyon, Nevada 100 % 500 3.84 60 14,000 3.50 1,580 14,500 3.52 1,640 6,400 1.86 380
CC&V,Colorado 100 % 76,100 0.60 1,470 39,200 0.56 710 115,300 0.59 2,180 21,600 0.50 350
TOTAL NORTH AMERICA 117,600 1.15 4,350 319,900 0.94 9,640 437,500 0.99 13,990 115,600 0.99 3,680
South America
Conga, Peru 51.35 % - - - 356,300 0.65 7,490 356,300 0.65 7,490 118,400 0.39 1,480
Yanacocha, Peru 51.35 % 5,700 0.45 80 58,800 0.86 1,620 64,500 0.82 1,700 89,800 1.04 3,000
Merian, Suriname 75 % 1,400 1.34 60 17,900 1.09 630 19,300 1.11 690 36,700 1.10 1,300
TOTAL SOUTH AMERICA 7,100 0.62 140 433,000 0.70 9,740 440,100 0.70 9,880 244,900 0.73 5,780
Asia Pacific
Boddington, Western Australia 100 % 108,700 0.48 1,690 245,500 0.53 4,140 354,200 0.51 5,830 7,500 0.58 140
Tanami, Northern Territory 100 % - 1.32 - 2,600 5.53 460 2,600 5.53 460 3,200 5.85 610
Kalgoorlie, Western Australia 50 % 3,100 0.67 70 11,000 0.95 330 14,100 0.89 400 600 2.47 40
TOTAL ASIA PACIFIC 111,800 0.49 1,760 259,100 0.59 4,930 370,900 0.56 6,690 11,300 2.18 790
Africa
Ahafo 100 % 1,200 0.59 20 29,200 1.22 1,140 30,400 1.19 1,160 15,300 1.60 790
Ahafo Underground 100 % - - - 7,800 4.26 1,070 7,800 4.26 1,070 12,600 3.90 1,580
Total Ahafo, Ghana 1,200 0.59 20 37,000 1.86 2,210 38,200 1.82 2,230 27,900 2.64 2,370
Ahafo North, Ghana 100 % 2,300 1.16 90 7,100 1.73 390 9,400 1.59 480 10,000 1.78 570
Akyem, Ghana 100 % 1,000 1.61 50 8,300 1.12 300 9,300 1.17 350 16,500 1.52 810
TOTAL AFRICA 4,500 1.11 160 52,400 1.72 2,900 56,900 1.68 3,060 54,400 2.14 3,750
TOTAL NEWMONT WORLDWIDE 241,000 0.83 6,410 1,064,400 0.80 27,210 1,305,400 0.80 33,620 426,200 1.02 14,000

See footnotes in Gold Resources U.S. units table.

Attributable Copper Reserves(1) U.S. Units
December 31, 2016 December 31, 2015
Proven Reserves Probable Reserves Proven + Probable Reserves Proven + Probable Reserve
Deposits/Districts Newmont Share

Tonnage(2)

 Grade

Copper(3)

Tonnage(2)

 Grade

Copper(3)

Tonnage(2)

 Grade

Copper(3)

 Metallurgical Tonnage (2) Grade Copper (3)
(x1000 tons) (Cu%) (million pounds) (x1000 tons) (Cu%) (million pounds) (x1000 tons) (Cu%) (million pounds)

Recovery(3)

 (x1000 tons) (Cu%) (million pounds)
North America
Phoenix, Nevada (4) 100 % 19,100 0.21 % 80 376,400 0.16 % 1,180 395,500 0.16 % 1,260 62 % 527,400 0.17 % 1,750
TOTAL NORTH AMERICA 19,100 0.21 % 80 376,400 0.16 % 1,180 395,500 0.16 % 1,260 62 % 527,400 0.17 % 1,750
Asia Pacific
Boddington Open Pit, Western Australia (5) 100 % 226,400 0.11 % 480 241,200 0.12 % 580 467,600 0.11 % 1,060 79 % 511,700 0.11 % 1,160
Boddington Stockpiles, Western Australia(6) 100 % 15,800 0.09 % 30 83,800 0.08 % 140 99,600 0.09 % 170 72 % 93,400 0.08 % 150
TOTAL ASIA PACIFIC 242,200 0.10 % 510 325,000 0.11 % 720 567,200 0.11 % 1,230 78 % 605,100 0.11 % 1,310
TOTAL NEWMONT CONTINUING OPERATIONS 261,300 0.11 % 590 701,400 0.14 % 1,900 962,700 0.13 % 2,490 70 % 1,132,500 0.14 % 3,060
Batu Hijau Open Pit, Indonesia(7) 48.5 % - 0.00 % - - 0.00 % - - 0.00 % - 0 % 134,500 0.50 % 1,340
Batu Hijau Stockpiles, Indonesia (6)(7) 48.5 % - 0.00 % - - 0.00 % - - 0.00 % - 0 % 184,800 0.34 % 1,270
TOTAL NEWMONT WORLDWIDE 261,300 0.11 % 590 701,400 0.14 % 1,900 962,700 0.13 % 2,490 70 % 1,451,800 0.20 % 5,670

(1)

 See footnote (1) to the Gold Reserves table above. Copper reserves for 2016 were calculated at a copper price of $2.50 or A$3.35 per pound. Copper reserves for 2015 were calculated at a copper price of $2.75 or A$3.45 per pound unless otherwise noted.

(2)

 See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.

(3)

 See footnote (3) to the Gold Reserves table above. Pounds are rounded to the nearest 10 million.

(4)

 Copper cut-off grade varies with level of gold and silver credits.

(5)

 Copper cut-off grade varies with level of gold credits.

(6)

 Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpiles are reported separately where pounds exceed 100 million and are greater than 5% of the total site reported reserves.

(7)

 Newmont divested its interest in the Batu Hijau mine on November 2, 2016. As such, Newmont share percentage was zero as of December 31, 2016. The percentage figure above for Batu Hijau represents Newmont interest as of December 31, 2015 of 48.5%.
Attributable Copper Reserves(1) Metric Units
December 31, 2016 December 31, 2015
Proven Reserves Probable Reserves Proven + Probable Reserves Proven + Probable Reserve
Deposits/Districts Newmont Share

Tonnage(2)

 Grade

Copper(3)

Tonnage(2)

Grade

Copper(3)

Tonnage(2)

 Grade

Copper(3)

 Metallurgical

Tonnage(2)

 Grade

Copper(3)
(x1000 tonnes) (Cu%) (Tonnes) (x1000 tonnes) (Cu%) (Tonnes) (x1000 tonnes) (Cu%) (Tonnes) Recovery (x1000 tonnes) (Cu%) (Tonnes)
North America
Phoenix, Nevada 100 % 17,200 0.21 % 36,980 341,500 0.16 % 535,480 358,700 0.16 % 572,460 62 % 478,400 0.17 % 796,480
TOTAL NORTH AMERICA 17,200 0.21 % 36,980 341,500 0.16 % 535,480 358,700 0.16 % 572,460 62 % 478,400 0.17 % 796,480
Asia Pacific
Boddington Open Pit, Western Australia 100 % 205,400 0.11 % 216,720 218,800 0.12 % 263,710 424,200 0.11 % 480,430 79 % 464,300 0.11 % 523,670
Boddington Stockpiles, Western Australia(6) 100 % 14,400 0.09 % 12,650 76,000 0.08 % 64,530 90,400 0.09 % 77,180 72 % 84,800 0.08 % 71,380
TOTAL ASIA PACIFIC 219,800 0.10 % 229,370 294,800 0.11 % 328,240 514,600 0.11 % 557,610 78 % 549,100 0.11 % 595,050
TOTAL NEWMONT CONTINUING OPERATIONS 237,000 0.11 % 266,350 636,300 0.14 % 863,720 873,300 0.13 % 1,130,070 70 % 1,027,500 0.14 % 1,391,530
Batu Hijau Open Pit, Indonesia (7) 48.5 % - 0.00 % - - 0.00 % - - 0.00 % - 0 % 122,100 0.50 % 606,500
Batu Hijau Stockpiles, Indonesia (6)(7) 48.5 % - 0.00 % - - 0.00 % - - 0.00 % - 0 % 167,700 0.34 % 576,300
TOTAL NEWMONT WORLDWIDE 237,000 0.11 % 266,350 636,300 0.14 % 863,720 873,300 0.13 % 1,130,070 70 % 1,317,300 0.20 % 2,574,330

See footnotes under Copper Reserves U.S. units table.

Attributable Copper Mineral Resources(1)(2) U.S. Units
December 31, 2016
Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Deposits/Districts Newmont Share Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper
(x1000 tons) (Cu%) (million Pounds) (x1000 tons) (Cu%) (million Pounds) (x1000 tons) (Cu%) (million Pounds) (x1000 tons) (Cu%) (million Pounds)
North America
Phoenix, Nevada 100 % 700 0.10 % - 256,300 0.13 % 670 257,000 0.13 % 670 87,100 0.14 % 250
TOTAL NORTH AMERICA 700 0.10 % - 256,300 0.13 % 670 257,000 0.13 % 670 87,100 0.14 % 250
South America
Conga, Peru 51.35 % - 0.00 % - 392,700 0.26 % 2,040 392,700 0.26 % 2,040 130,500 0.19 % 480
Yanacocha, Peru 51.35 % - 0.00 % - 57,000 0.67 % 760 57,000 0.67 % 760 5,700 0.35 % 40
TOTAL SOUTH AMERICA - 0.00 % - 449,700 0.31 % 2,800 449,700 0.31 % 2,800 136,200 0.19 % 520
Asia Pacific
Boddington, Western Australia 100 % 119,700 0.09 % 220 270,700 0.11 % 590 390,400 0.10 % 810 8,300 0.10 % 20
TOTAL ASIA PACIFIC 119,700 0.09 % 220 270,700 0.11 % 590 390,400 0.10 % 810 8,300 0.10 % 20
TOTAL NEWMONT WORLDWIDE 120,400 0.09 % 220 976,700 0.21 % 4,060 1,097,100 0.19 % 4,280 231,600 0.17 % 790

(1)

 Resources are reported exclusive of reserves. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s Form 10-K filing.

(2)

 Resources are calculated at a copper price of $3.00 or A$3.75 per pound for 2016 and at a copper price of $3.50 or A$4.15 per pound for 2015 unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000, and pounds have been rounded to the nearest 10 million.
Attributable Copper Mineral Resources(1)(2) Metric Units
December 31, 2016
Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Deposits/Districts Newmont Share Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper
(x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes)
North America
Phoenix, Nevada 100 % 600 0.10 % 680 232,500 0.13 % 301,880 233,100 0.13 % 302,560 79,000 0.14 % 112,560
TOTAL NORTH AMERICA 600 0.10 % 680 232,500 0.13 % 301,880 233,100 0.13 % 302,560 79,000 0.14 % 112,560
South America
Conga, Peru 51.35 % - 0.00 % - 356,300 0.26 % 924,370 356,300 0.26 % 924,370 118,400 0.19 % 221,040
Yanacocha, Peru 51.35 % - 0.00 % - 51,700 0.67 % 344,000 51,700 0.67 % 344,000 5,200 0.35 % 18,130
TOTAL SOUTH AMERICA - 0.00 % - 408,000 0.31 % 1,268,370 408,000 0.31 % 1,268,370 123,600 0.19 % 239,170
Asia Pacific
Boddington, Western Australia 100 % 108,700 0.09 % 100,180 245,500 0.11 % 268,600 354,200 0.10 % 368,780 7,500 0.10 % 7,690
TOTAL ASIA PACIFIC 108,700 0.09 % 100,180 245,500 0.11 % 268,600 354,200 0.10 % 368,780 7,500 0.10 % 7,690
TOTAL NEWMONT WORLDWIDE 109,300 0.09 % 100,860 886,000 0.21 % 1,838,850 995,300 0.19 % 1,939,710 210,100 0.17 % 359,420

See footnotes under Copper Resources U.S. units table.

Attributable Proven, Probable, and Combined Silver Reserves(1) U.S. Units
December 31, 2016 December 31, 2015
Proven Reserves Probable Reserves

Proven and Probable
Reserves

Metallurgical
Recovery (3)

Proven and Probable
Reserves
Deposits/Districts by Reporting Unit Newmont Share

Tonnage(2)

 Grade

Silver(3)

Tonnage(2)

 Grade

Silver(3)

Tonnage(2)

 Grade

Silver(3)

Tonnage(2)

 Grade

Silver(3)
(x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs)
North America
Phoenix, Nevada 100 % 4,800 0.29 1,390 251,800 0.24 59,520 256,600 0.24 60,910 38 % 289,500 0.25 73,510
TOTAL NORTH AMERICA 4,800 0.29 1,390 251,800 0.24 59,520 256,600 0.24 60,910 38 % 289,500 0.25 73,510
South America
Yanacocha Open Pits 51.35 % 17,900 0.21 3,680 29,000 0.22 6,350 46,900 0.21 10,030 16 % 63,800 0.20 12,480
Yanacocha Leach Pad (4) 51.35 % - - - 50,500 0.25 12,390 50,500 0.25 12,390 6 % 45,000 0.24 10,600
Yanacocha Stockpiles (5) 51.35 % 5,500 1.10 5,990 - - - 5,500 1.10 5,990 20 % 7,800 0.99 7,720
TOTAL SOUTH AMERICA 23,400 0.41 9,670 79,500 0.24 18,740 102,900 0.28 28,410 12 % 116,600 0.26 30,800
TOTAL NEWMONT CONTINUING OPERATIONS 28,200 0.39 11,060 331,300 0.24 78,260 359,500 0.25 89,320 30 % 406,100 0.26 104,310
Batu Hijau Open Pit (6) 48.5 % - - - - - - - - - 0 % 134,500 0.04 5,800
Batu Hijau Stockpiles (5)(6) 48.5 % - - - - - - - - - 0 % 184,800 0.02 3,160
TOTAL NEWMONT WORLDWIDE 28,200 0.39 11,060 331,300 0.24 78,260 359,500 0.25 89,320 30 % 725,400 0.16 113,270

(1)

 See footnote (1) to the Gold Reserves table above. Silver reserves for 2016 were calculated at a silver price of $17. Silver reserves for 2015 were calculated at a silver price of $19.

(2)

 See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.

(3)

 See footnote (3) to the Gold Reserves table above.

(4)

 Leach Pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process material reserves are reported separately where tonnage or ounces are greater than 5% of the total site-reported reserves and ounces are greater than 100,000.

(5)

 Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.

(6)

 Newmont divested its interest in the Batu Hijau mine on November 2, 2016. As such, Newmont share percentage was zero as of December 31, 2016. The percentage figure above for Batu Hijau represent Newmont interest as of December 31, 2015 of 48.5%.
Attributable Proven, Probable, and Combined Silver Reserves(1) Metric Units
December 31, 2016 December 31, 2015
Proven Reserves Probable Reserves

Proven and Probable
Reserves

Metallurgical
Recovery(3)

Proven and Probable
Reserves
Deposits/Districts by Reporting Unit Newmont Share

Tonnage(2)

 Grade

Silver(3)

Tonnage(2)

 Grade

Silver(3)

Tonnage(2)

 Grade

Silver(3)

Tonnage(2)

 Grade

Silver(3)
(x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs)
North America
Phoenix, Nevada 100 % 4,400 9.8 1,390 228,400 8.1 59,520 232,800 8.1 60,910 38 % 262,600 8.7 73,510
TOTAL NORTH AMERICA 4,400 9.8 1,390 228,400 8.1 59,520 232,800 8.1 60,910 38 % 262,600 8.7 73,510
South America
Yanacocha Open Pits, Peru 51.35 % 16,200 7.0 3,680 26,300 7.5 6,350 42,500 7.3 10,030 16 % 57,900 6.7 12,480
Yanacocha Leach Pad, Peru (4) 51.35 % - - - 45,800 8.4 12,390 45,800 8.4 12,390 6 % 40,800 8.1 10,600
Yanacocha Stockpiles, Peru (5) 51.35 % 5,000 37.6 5,990 - - - 5,000 37.6 5,990 20 % 7,100 33.8 7,720
TOTAL SOUTH AMERICA 21,200 14.2 9,670 72,100 8.1 18,740 93,300 9.5 28,410 12 % 105,800 9.1 30,800
TOTAL NEWMONT CONTINUING OPERATIONS 25,600 13.4 11,060 300,500 8.1 78,260 326,100 8.5 89,320 30 % 368,400 8.8 104,310
Batu Hijau Open Pit, Indonesia (6) 48.5 % - - - - - - - - - 0 % 122,100 1.5 5,800
Batu Hijau Stockpiles, Indonesia (5)(6) 48.5 % - - - - - - - - - 0 % 167,700 0.6 3,160
TOTAL NEWMONT WORLDWIDE 25,600 13.4 11,060 300,500 8.1 78,260 326,100 8.5 89,320 30 % 658,200 5.4 113,270

See Footnotes under Silver Reserves U.S. units table.

Attributable Silver Mineral Resources(1)(2) U.S. Units
December 31, 2016
Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Deposits/Districts Newmont Share Tonnage Grade Ag Tonnage Grade Ag Tonnage Grade Ag Tonnage Grade Ag
(x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs) (x1000 tons) (oz/ton) (x1000 ozs)
North America
Sandman, Nevada 100 % - - - 1,300 0.20 260 1,300 0.20 260 1,100 0.12 140
Phoenix, Nevada 100 % 700 0.20 150 177,400 0.21 37,310 178,100 0.21 37,460 60,800 0.23 13,710
TOTAL NORTH AMERICA 700 0.20 150 178,700 0.21 37,570 179,400 0.21 37,720 61,900 0.22 13,850
South America
Conga, Peru 51.35 % - - - 392,700 0.06 23,580 392,700 0.06 23,580 99,100 0.03 3,250
Yanacocha, Peru 51.35 % 6,300 0.16 1,020 57,500 0.58 33,170 63,800 0.54 34,190 3,300 0.34 1,140
TOTAL SOUTH AMERICA 6,300 0.16 1,020 450,200 0.13 56,750 456,500 0.13 57,770 102,400 0.04 4,390
TOTAL NEWMONT WORLDWIDE 7,000 0.17 1,170 628,900 0.15 94,320 635,900 0.15 95,490 164,300 0.11 18,240
(1) Resources are reported exclusive of reserves. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s Form 10-K filing.
(2) Resource for 2016 was calculated at a silver price of $20 per ounce and at a silver price of $24 per ounce for 2015. Tonnage amounts have been rounded to the nearest 100,000.
Attributable Silver Mineral Resources(1)(2) Metric Units
December 31, 2016
Measured Resources Indicated Resources Measured + Indicated Resources Inferred Resources
Deposits/Districts Newmont Share Tonnage Grade Ag Tonnage Grade Ag Tonnage Grade Ag Tonnage Grade Ag
(x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs)
North America
Sandman, Nevada 100 % - - - 1,200 6.8 260 1,200 6.8 260 1,100 4.1 140
Phoenix, Nevada 100 % 700 6.9 150 160,900 7.2 37,310 161,600 7.2 37,460 55,100 7.7 13,710
TOTAL NORTH AMERICA 700 6.9 150 162,100 7.2 37,570 162,800 7.2 37,720 56,200 7.7 13,850
South America
Conga, Peru 51.35 % - - - 356,300 2.1 23,580 356,300 2.1 23,580 89,900 1.1 3,250
Yanacocha, Peru 51.35 % 5,600 5.6 1,020 52,100 19.8 33,170 57,700 18.4 34,190 3,000 11.7 1,140
TOTAL SOUTH AMERICA 5,600 5.6 1,020 408,400 4.3 56,750 414,000 4.3 57,770 92,900 1.5 4,390
TOTAL NEWMONT WORLDWIDE 6,300 5.7 1,170 570,500 5.1 94,320 576,800 5.1 95,490 149,100 3.8 18,240

See Footnotes under Silver Resources U.S. units table.

Cautionary Statement regarding Reserves and Resources:

The “reserves” disclosed in this release have been prepared in compliance with Industry Guide 7 published by the SEC. As used in this news release, the term “reserve” means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination. The term “economically,” as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a feasibility study to be viable and justifiable under reasonable investment and market assumptions. The term “legally,” as used in this definition, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont’s current mine plans. Reserves in this news release are aggregated from the proven and probable classes.

The term “proven reserves” used in the tables of this news release means reserves for which (a) quantity is computed from dimensions revealed in outcrops, trenches, workings or drill holes; (b) grade and/or quality are computed from the results of detailed sampling; and (c) the sites for inspection, sampling and measurements are spaced so closely and the geologic character is sufficiently defined that size, shape, depth and mineral content of reserves are well established. The term “probable reserves” means reserves for which quantity and grade are computed from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Newmont classifies all reserves as Probable on its development projects until a year of production has confirmed all assumptions made in the reserve estimates. Proven and probable reserves include gold, copper or silver attributable to Newmont’s ownership or economic interest. Proven and probable reserves were calculated using cut-off grades. The term “cut-off grade” means the lowest grade of mineralized material considered economic to process. Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper or silver extraction and type of milling or leaching facilities available.

The terms “resources” and “Measured, Indicated and Inferred resources” are used in this news release. Investors are advised that the SEC does not recognize these terms. Newmont has determined that such “resources” would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration (SME) and defined as “Mineral Resource”. Estimates of resources are subject to further exploration and development, are subject to additional risks, and no assurance can be given that they will eventually convert to future reserves. Inferred resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. Investors are cautioned not to assume that any part or all of the Inferred resource exists, or is economically or legally mineable. Also, disclosure of contained ounces is permitted under the SME Guideline and other regulatory guidelines, such as Canada’s NI 43-101 and Australia’s JORC. However, the SEC generally requires mineral resource information in SEC-filed documents to be reported only as in-place tonnage and grade. Investors are reminded that even if significant mineralization is discovered and converted to reserves, during the time necessary to ultimately move such mineralization to production the economic feasibility of production may change. See the Company’s Annual Report for the “Proven and Probable Reserve” and “Mineralized Material” tables prepared in compliance with the SEC’s Industry Guide 7, available at http://www.newmont.com/our-investors/financial-reporting/sec-filings and on www.sec.gov. Investors are reminded that the tables presented in the Annual Report are estimates as of December 31, 2016 and were presented on an attributable basis reflecting the Company’s ownership interest at such time.

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 and expectations of future exploration expenditures and activities. 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”. 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 under the headings “Risk Factors” and “Forward-Looking Statements.” 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.



Contact

Newmont Mining Corporation
Investor Contacts
Meredith Bandy, 303-837-5143
meredith.bandy@newmont.com
or
Media Contacts
Omar Jabara, 303-837-5114
omar.jabara@newmont.com


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Newmont Corp.

Newmont Corp.
Bergbau
USA
853823
US6516391066
www.newmont.com
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