Form 8-K NEWMONT MINING CORP / DE For: Jul 26

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UNITED
STATES
TITLES
AND COMMISSION OF CHANGES
WASHINGTON,
Dc 20549

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FORM 8-K

CURRENT
REPORT

IN PARAGRAPH 13 OR 15 (d) OF

THE 1934 STOCK EXCHANGE ACT

Date
of report (Date of first reported event):

July
26, 2018

Newmont
Mining Corporation
(Exact
name of the declarant as specified in his charter)

Not applicable
(old name or old address, if
Modified since the last report)

Check the
appropriate box below if form 8-K is intended for
simultaneously fulfill the registrant's reporting obligation under
the following provisions:

⃞

pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

⃞
solicitation
material pursuant to Rule 14a-12 of the Foreign Exchange Law (17 CFR
240.14a-12)

⃞
Pre-commencement
communications pursuant to Rule 14d-2 (b) of the Foreign Exchange Law (17 CFR
240.14d-2 (b))

⃞
Pre-commencement
communications pursuant to Rule 13e-4 (c) of the Foreign Exchange Law (17 CFR
240.13e-4 (c))

Indicate by check mark if the
registrant is an emerging growth corporation within the meaning of Rule 405 of the
Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Society ⃞

If a growing emerging company, checkmark if the declarant
chose not to use the extended transition period to comply with the
any new or revised financial accounting standards provided in accordance with
Article 13 (a) of the Exchange Act. ⃞

ITEM 2.02. OPERATING RESULTS AND FINANCIAL POSITION

On July 26, 2018, Newmont Mining Corporation, a Delaware corporation,
issued a press release reporting on its operating and financial results
the second quarter ended June 30, 2018. A copy of the press release is
provided as Exhibit 99.1 of this report.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITIONS

(d) Exhibits

SIGNATURE

In accordance with the requirements of the Securities and Exchange Act of 1934,
amended, the declarant has duly signed this report on
in his name by the undersigned, duly authorized.

3

Exhibit 99.1

Newmont
Announces Second Quarter Results for 2018

DENVER – (BUSINESS WIRE) – July 26, 2018 – Newmont Mining Corporation
(NYSE: NEM) (Newmont or the Company) announced its second quarter of 2018
results.

• Net Income: GAAP Net Income from Proceedings
  transactions attributable to shareholders of $ 274 million or $ 0.51 per
  diluted part; adjusted net income distributed ¹ of $ 144
  million or $ 0.26 per diluted share, down 43 percent from
  the quarter of the previous year
• EBITDA: generated $ 545 million in adjusted EBITDA ² ,
  down 22 percent from the previous year's quarter
• Cash Flow: Consolidated Cash Flow
  transactions of $ 401 million and free cash flow ³ of $ 143
  million
• Costs of Gold Applicable to Sales (CAS) ⁴ : Declared
  CASE $ 751 an ounce, no change to the full year of the Company
  orientation
• All-inclusive maintenance costs of gold (AISC) ⁵ : Rated
  AISC of $ 1,024 an ounce, unchanged for the full year of the Company
  orientation
• Attributable Gold Production: Production of 1.16 million ounces of
  of gold, in line with the annual forecasts of the Company.
• Portfolio Improvements : Agreement for the 50% Acquisition
  NovaGold, in partnership with
  Teak; completed the Twin Underground and Northwest Exodus projects
  Nevada; advanced the Akyem Underground project to the pre-feasibility study
  in Africa; welcomed Sumitomo Corporation as a new five percent partner
  in Yanacocha, Peru; and the portfolio of surrendered royalties forming a
  strategic partnership with Maverix Metals
• Financial strength : end of the quarter with $ 3.1 billion
  net and net debt of less than $ 1.0 billion; a foreground balance
  sheet with investment grade credit profile; and a quarterly dividend
  reported $ 0.14 per share, an increase of 87% over
  quarter of the year
• Outlook : Maintain production at the enterprise level, unit cost and
  capital outlook for 2018

"Newmont achieved Adjusted EBITDA of $ 545 million and $ 143 million
free cash flow in the second quarter, as a strong operating performance
helped offset the impacts of the geotechnical and mid-term challenges
weighted results, "said Gary J. Goldberg, President and Chief Executive Officer
Officer. "We continued to add production at a lower cost by completing our
Twin Underground and Northwest Exodus projects are made safely
ahead of schedule. And we invested in creating future value by forging a
partnership with Teck for conducting pre-feasibility studies on Galore Creek
in British Columbia, one of the largest undeveloped copper-gold in the world
deposits, and with Sumitomo to develop Yanacocha sulphides in Peru. "

Summary of the results of the second quarter of 2018

Net income from continuing operations attributable to Newmont
shareholders of $ 274 million or $ 0.51 per diluted share, an increase of
$ 84 million compared to the previous quarter mainly due to lower revenues
taxes, a gain from the sale of the Company's royalty portfolio in June
2018 and higher average realized prices, partially offset by
production at CC & V, Boddington, Akyem and Twin Creeks.

Adjusted net income was $ 144 million or $ 0.26 per diluted share,
compared to $ 248 million or $ 0.46 per diluted share
quarter of the year resulting from the decline in production. Primary adjustments to the net
Earnings include $ 0.18 per share related to the sale of
royalty portfolio and $ 0.08 per share of net tax adjustments primarily
related to valuation allowances.

The turnover decreased by 11% to $ 1,662 million for the quarter
mainly due to lower production, partially offset by an increase in average
gold prices realized.

Average price achieved ⁶ for gold was $ 1,292, a
$ 42 improvement in the ounce compared to the previous quarter; average
The realized price for copper was $ 2.99 per pound, an improvement of $ 0.53
during the quarter of the previous year.

Attributable gold production decreased 14% to 1.16 million
Ounces primarily lower grades to Carlin, Twin Creeks, Boddington
and Akyem and an accumulation of CC & V concentrate to be processed in
Nevada.

The SAC of gold increased 13% to $ 751 an ounce for the quarter due to
lower production, larger stocks and leaching stock adjustments,
the impact of KCGM rock falls and rising oil prices.

AISC Gold rose 16 percent to $ 1,024 an ounce for the quarter
CAS superior, sustaining capital and advanced project and exploration
fresh.

Attributable copper production of Phoenix and Boddington
decreased by 7 percent to 14,000 tons for the quarter. CAS Copper totaled
$ 46 million for the quarter. The copper CAS was $ 1.70 per pound for the
quarter due to greater cost allocation driven by copper. Copper
AISC increased 21 percent to $ 2.05 per pound for the quarter due to
Higher CAS and higher maintenance capital expenditures.

Capital Expenditures ⁷ Increased by 41 percent
previous quarter to $ 258 million with increased investment in Quecher
Main, Subika Underground, and Ahafo Mill expansion.

Consolidated Operating Cash Flow From Continuing Operations Decreased
24 percent compared to the previous quarter, to $ 401 million, mainly
lower volumes, changes in working capital mainly due to tax payments,
and an accumulation in the inventory partially offset by the collection of accounts
receivables and metal prices realized higher. Free cash flow decreased 58
year-ago quarter percentage to 143 million dollars
cash flow and larger investments in growth projects.

Balance Sheet finished the quarter with $ 3.1 billion in cash, a
leverage ratio of 0.4x net debt to adjusted EBITDA and one of the best
credit ratings in the mining sector. The Company is committed to
maintain a high quality credit profile.

Updating Projects

Newmont's Economic Efficiency Project Pipeline Supports Stable Production
with the improvement of the margins and the life of the mine. Short term development capital
the projects are presented below. Funding for Subika Underground, Ahafo Mill
The Expansion, Quecher Main and Tanami Power projects have been approved and
these projects are being implemented. Additional projects represent
gradual improvements in production and costs. Internal Rates
Return (IRR) on these projects are calculated at a gold price of $ 1,200.

• Subika Underground (Africa) leverages existing infrastructure
  and an optimized approach to develop Ahafo the most promising
  underground resource. The first production was realized in June 2017 with
  projected commercial production in the fourth quarter of 2018. The
  project is expected to increase the average annual production of gold
  between 150,000 and 200,000 ounces per year for the first five years
  as of 2019, with an initial mine life of about 11 years.
  Capital costs for the project are estimated to be between $ 160 and $ 200
  million with expenditures ranging from $ 85 to $ 95 million in 2018. The
  The project has an IRR of over 20%.
• Ahafo Mill Expansion (Africa) is designed to maximize resources
  value by improving production margins and accelerating inventories
  Processing. The project also supports the profitable development of
  The highly promising underground resources of Ahafo. The first production is
  expected in the second half of 2019 with commercial production also
  expected in the second half of 2019. The expansion is expected
  increase the average annual production of gold from 75,000 to 100,000
  ounces per year for the first five years beginning in 2020. Capital
  Project costs are estimated at between 140 and 180 million dollars
  with expenditures of about 75 to 85 million dollars in 2018. The
  The project has an IRR of over 20%.

Together Expansion Projects of Ahafo (Ahafo Mill Expansion and Subika
Underground) enhances the production of Ahafo between 550,000 and 650,000
ounces per year for the first five complete years of production (from 2020 to
2024). During this period, the CAS of Ahafo should be between $ 650 and
$ 750 per ounce and AISC is expected to be between $ 800 and $ 900 per
ounce. This represents an average improvement in production of 200,000
and 300,000 ounces to improve CAS between $ 150 and $ 250 an ounce
and an improvement of $ 250 to $ 350 per ounce of AISC compared to the actual figures of 2016.

• Quecher Main (South America) will add oxide production to
  Yanacocha, leverage the existing infrastructure and enable the potential
  future growth in Yanacocha. The first production is expected in late 2018
  with commercial production in the second half of 2019. Quecher Main
  extends the life of Yanacocha operation to 2027 with an average
  annual gold production of about 200,000 ounces per year
  between 2020 and 2025 (base 100 percent). During the same period
  It is expected that the additional SAP will be between $ 750 and $ 850 an ounce and
  AISC between $ 900 and $ 1,000 an ounce. Investment costs for the project
  should be between $ 250 and $ 300 million with expenditures
  $ 80 to $ 90 million in 2018. The internal rate of return of the project is expected to be higher
  10 percent.
• Tanami Power (Australia) will reduce Tanami's energy costs by
  about 20% starting in 2019, mitigate the risk of fuel supply
  and reduce carbon emissions by 20 percent. The project includes a 450
  a kilometer pipeline to build linking the Tanami
  the location of the Amadeus pipeline and the construction and operation of
  two power plants on site. Gas supply, gas transportation and energy
  The purchase contracts are for a period of 10 years with options for extension. the
  The project is expected to result in net savings of about $ 34
  per ounce beginning in 2019. Capital costs are estimated between
  $ 225 and $ 275 million with annual cash lease payments over a 10-year period
  term beginning in 2019 with about $ 10 million of owner's costs
  paid in 2018. The project IRR should be greater than 50
  percent to AUD 0.75.

Outlook

Newmont's outlook translates into stable gold production and continued investment
in its operating badets and its most promising growth prospects. Newmont
does not include development projects that have not yet been funded or
has reached the phase of execution in its perspectives, which represents a
production and costs.

Attributable gold production remains unchanged at 4.9 and
5.4 million ounces in 2018 and 2019. More long-term production is planned
remain stable between 4.6 and 5.1 million ounces per year
2022 excluding development projects that have not yet been approved.

• Production in North America remains unchanged at 2.0 to 2.2
  million ounces in 2018. Production decreases slightly in 2019
  between 1.8 and 2.0 million ounces due to stripping planned at Carlin
  then increases between 1.9 and 2.1 million ounces in 2020 because of
  at higher levels at Twin Creeks, Cripple Creek & Victor and Long
  Canyon. The Company continues its profitable growth
  opportunities in Carlin and Long Canyon.
• South American production remains unchanged at between 615,000 and
  675,000 ounces in 2018. Production is expected to be between 590,000
  and 690,000 ounces in 2019 with the addition of Quecher Main and
  between 475,000 and 575,000 ounces per year in 2020 as Yanacocha
  laybacks are extracted and Merian transitions from saprolite to hard
  Rock. The Company continues to advance growth opportunities near the mine
  in Merian and both the potential for oxide and sulfide in Yanacocha.
• Australia's production decreases between 1.4 and 1.6 million ounces
  in 2018 led by East wall slip to KCGM. Production in 2019 and
  2020 may be affected by KCGM rockfall and mine life plans
  evaluated. The Company continues to advance studies for a second
  the expansion to Tanami.
• African production remains unchanged at between 815,000 and 875,000
  ounces in 2018. Production should be between 1.1 and 1.2
  million ounces in 2019 as Ahafo Mill expansion achieved commercial
  production and between 880,000 and 980,000 ounces in 2020 that both
  Ahafo and Akyem reach the lower level of the open pit. The company continues to
  advance the Ahafo North project and other surface and
  underground opportunities.

Gold Cost Outlook – CAS remains unchanged between
$ 700 and $ 750 an ounce in 2018. The CAS is expected to be between $ 620 and
$ 720 an ounce for 2019 and between $ 650 and $ 750 an ounce for the longer term
until 2022. The total cost of support remained between $ 965 and $ 1,025
in 2018. It is expected that the AISC is between 870 and 970 dollars an ounce
2019 and in the longer term until 2022. Other potential savings
profitable ounces of projects that are not yet approved represent
additional hike not currently captured in boards.

• North America The CAS remains unchanged at between $ 730 and $ 780 an ounce
  in 2018. The CAS is expected to be between 680 and 780 dollars an ounce in 2019
  and between $ 655 and $ 755 per ounce in 2020 on the increase in production at
  Twin Creeks, Cripple Creek and Victor and Long Canyon. AISC has improved
  to be between $ 920 and $ 955 an ounce in 2018 on improving TAS shares.
  AISC is expected to be between $ 870 and $ 970 an ounce in 2019 and
  between $ 825 and $ 925 in 2020.
• South America CAS remains unchanged at between $ 675 and $ 735 an ounce
  in 2018. The CAS is expected to be between $ 560 and $ 660 an ounce in 2019
  as Quecher Main reaches commercial production and be between $ 690 and
  $ 790 an ounce in 2020. The value of AISC is between $ 925 and $ 1,025
  per ounce in 2018 on the lower unit CAS. AISC should be between
  $ 810 and $ 910 the ounce in 2019 on the CAS improved unit and be between
  $ 970 and $ 1,070 an ounce by 2020.
• Australia CAS increases from $ 695 to $ 745 an ounce in 2018
  driven by the East wall slip to KCGM. CAS and AISC in 2019 and 2020
  can be affected by KCGM rockfalls and mine life plans are
  evaluated.
• Africa CAS increases between $ 715 and $ 765 an ounce in 2018 due to
  higher inventory costs from lower quality ore and higher surface area
  mining costs. The CAS is expected to be between $ 520 and $ 620 an ounce
  2019 and between $ 610 and 710 dollars an ounce in 2020. AISC
  between 880 and 940 dollars an ounce in 2018. It is expected that the AISC
  between $ 700 and $ 800 an ounce in 2019 to Ahafo Mill's expansion
  reaches commercial production and between $ 775 and $ 875 an ounce
  2020.

Copper – Attributable production remains unchanged
between 40 000 and 60 000 tonnes in 2018 and 2019, increasing
between 45,000 and 65,000 tons in the longer term until 2022 that Phoenix
moves in higher copper areas. CAS remains unchanged at $ 1.65
and $ 1.85 per pound in 2018. The CAS is expected to be between $ 1.80 and
$ 2.20 per pound in 2019 before falling between $ 1.40 and $ 1.80 per
longer-term pound because Phoenix moves into higher copper areas. AISC
remains unchanged at between $ 2.00 and $ 2.20 per pound in 2018. AISC is
should be between $ 2.25 and $ 2.55 per pound in 2019 and between
$ 1.80 and $ 2.10 per pound in the longer term.

Capital – Total capital remains unchanged at $ 1,200
and $ 1,300 million for 2018 and is expected to remain between $ 730 and
$ 830 million for 2019. Primary development capital includes expenditures
on the Ahafo Mill and Subika Underground expansions in Africa, Twin
Underground in North America and Quecher Main in South America and
Tanami Energy Project. The maintenance of capital remains unchanged between
$ 600 and $ 700 million in 2018, between $ 600 and $ 700 million for 2019
and between $ 550 and $ 650 million a year over the longer term to cover
infrastructure, equipment and ongoing mining development.

Consolidated Expense Forecast – Interest expense for 2018 remains
unchanged between 175 and 215 million dollars and investment in exploration
and advanced projects remains unchanged between $ 350 and $ 400
million. Outlook 2018 for general and administrative expenses increases to
between $ 225 and $ 250 million, mainly because of the additional investments
the Company's Cyber ​​Security and Leadership Development Programs.
The indications for amortization remain unchanged between
$ 1,225 and $ 1,325 million.

Hypotheses and Sensitivities – Newmont's Prospects Assume
Gold price of $ 1,200 ounce, copper price of $ 2.50 per pound, $ 0.75 US / AUD
exchange rate and $ 55 a barrel WTI oil price. A $ 100 per ounce
rising price of gold would reach $ 335 million
improvement in attributable free cash flow. Similarly, $ 10 a barrel
oil price reduction and a favorable change of $ 0.05
The Australian dollar would deliver $ 25 million and $ 45 million expected
improvement in attributable cash available, respectively. These
estimates exclude current coverage programs; Please refer to the Newmont form
10-Q that was filed with the SEC on July 26, 2018 for further
information on hedge positions.

_______________________

¹ Non-GAAP measure. See the end of this version for
reconciliation to net income (loss) attributable to Newmont shareholders.
²
Non-GAAP measure. See the end of this version for Reconciliation on the Net
income (loss) attributable to Newmont shareholders.
³ Non-GAAP
measured. See the end of this release for reconciliation with the net cash provided
by operating activities.
⁴ Non-GAAP measure. See
end of this release for reconciliation to sales costs.
⁵
Non-GAAP measure. See the end of this release for cost reconciliation
applicable to sales
⁶ Non-GAAP measure. See
end of this publication for reconciliation with sales.
⁷ Capital
expenses relate to additions to the development of a property and to mining
condensed consolidated statements of cash flows.

(1) Excludes Depreciation and amortization and Reclamation
      and remediation.

Non-GAAP Financial Measures
    

Non-GAAP financial measures are intended to provide additional
      information only and do not have any standard meaning prescribed by U.S.
      generally accepted accounting principles (“GAAP”). These measures should
      not be considered in isolation or as a substitute for measures of
      performance prepared in accordance with GAAP. Unless otherwise noted, we
      present the Non-GAAP financial measures of our continuing operations in
      the tables below.
    

Adjusted net income (loss)
    

Management uses Adjusted net income (loss) to evaluate the Company’s
      operating performance and for planning and forecasting future business
      operations. The Company believes the use of Adjusted net income (loss)
      allows investors and badysts to understand the results of the
      continuing operations of the Company and its direct and indirect
      subsidiaries relating to the sale of products, by excluding certain
      items that have a disproportionate impact on our results for a
      particular period. Adjustments to continuing operations are presented
      before tax and net of our partners’ noncontrolling interests, when
      applicable. The tax effect of adjustments is presented in the Tax effect
      of adjustments line and is calculated using the applicable regional tax
      rate. Management’s determination of the components of Adjusted net
      income (loss) are evaluated periodically and based, in part, on a review
      of non-GAAP financial measures used by mining industry badysts. Net
      income (loss) attributable to Newmont stockholders is reconciled to
      Adjusted net income (loss) as follows:
    

Earnings before interest, taxes and depreciation and amortization
      and Adjusted earnings before interest, taxes and depreciation and
      amortization
    

Management uses Earnings before interest, taxes and depreciation and
      amortization (“EBITDA”) and EBITDA adjusted for non-core or certain
      items that have a disproportionate impact on our results for a
      particular period (“Adjusted EBITDA”) as non-GAAP measures to evaluate
      the Company’s operating performance. EBITDA and Adjusted EBITDA do not
      represent, and should not be considered an alternative to, net income
      (loss), operating income (loss), or cash flow from operations as those
      terms are defined by GAAP, and do not necessarily indicate whether cash
      flows will be sufficient to fund cash needs. Although Adjusted EBITDA
      and similar measures are frequently used as measures of operations and
      the ability to meet debt service requirements by other companies, our
      calculation of Adjusted EBITDA is not necessarily comparable to such
      other similarly titled captions of other companies. The Company believes
      that Adjusted EBITDA provides useful information to investors and others
      in understanding and evaluating our operating results in the same manner
      as our management and Board of Directors. Management’s determination of
      the components of Adjusted EBITDA are evaluated periodically and based,
      in part, on a review of non-GAAP financial measures used by mining
      industry badysts. Net income (loss) attributable to Newmont
      stockholders is reconciled to EBITDA and Adjusted EBITDA as follows:
    

Free Cash Flow
    

Management uses Free Cash Flow as a non-GAAP measure to badyze cash
      flows generated from operations. Free Cash Flow is Net cash provided
      by (used in) operating activities less Net cash provided by (used
      in) operating activities of discontinued operations less Additions
      to property, plant and mine development as presented on the
      Condensed Consolidated Statements of Cash Flows. The Company believes
      Free Cash Flow is also useful as one of the bases for comparing the
      Company’s performance with its competitors. Although Free Cash Flow and
      similar measures are frequently used as measures of cash flows generated
      from operations by other companies, the Company’s calculation of Free
      Cash Flow is not necessarily comparable to such other similarly titled
      captions of other companies.
    

The presentation of non-GAAP Free Cash Flow is not meant to be
      considered in isolation or as an alternative to net income as an
      indicator of the Company’s performance, or as an alternative to cash
      flows from operating activities as a measure of liquidity as those terms
      are defined by GAAP, and does not necessarily indicate whether cash
      flows will be sufficient to fund cash needs. The Company’s definition of
      Free Cash Flow is limited in that it does not represent residual cash
      flows available for discretionary expenditures due to the fact that the
      measure does not deduct the payments required for debt service and other
      contractual obligations or payments made for business acquisitions.
      Therefore, the Company believes it is important to view Free Cash Flow
      as a measure that provides supplemental information to the Company’s
      Condensed Consolidated Statements of Cash Flows.
    

The following table sets forth a reconciliation of Free Cash Flow, a
      non-GAAP financial measure, to Net cash provided by (used in)
      operating activitieswhich the Company believes to be the GAAP
      financial measure most directly comparable to Free Cash Flow, as well as
      information regarding Net cash provided by (used in) investing
      activities and Net cash provided by (used in) financing activities.
    

Costs applicable to sales per ounce/pound
    

Costs applicable to sales per ounce/pound are non-GAAP financial
      measures. These measures are calculated by dividing the costs applicable
      to sales of gold and copper by gold ounces or copper pounds sold,
      respectively. These measures are calculated for the periods presented on
      a consolidated basis. Costs applicable to sales per ounce/pound
      statistics are intended to provide additional information only and do
      not have any standardized meaning prescribed by GAAP and should not be
      considered in isolation or as a substitute for measures of performance
      prepared in accordance with GAAP. The measures are not necessarily
      indicative of operating profit or cash flow from operations as
      determined under GAAP. Other companies may calculate these measures
      differently.
    

The following tables reconcile these non-GAAP measures to the most
      directly comparable GAAP measures.
    

Costs applicable to sales per ounce
    

Costs applicable to sales per pound
    

All-In Sustaining Costs
    

Newmont has worked to develop a metric that expands on GAAP measures,
      such as cost of goods sold, and non-GAAP measures, such as Costs
      applicable to sales per ounce, to provide visibility into the economics
      of our mining operations related to expenditures, operating performance
      and the ability to generate cash flow from our continuing operations.
    

Current GAAP measures used in the mining industry, such as cost of goods
      sold, do not capture all of the expenditures incurred to discover,
      develop and sustain production. Therefore, we believe that all-in
      sustaining costs is a non-GAAP measure that provides additional
      information to management, investors, and badysts that aid in the
      understanding of the economics of our operations and performance
      compared to other producers and in the investor’s visibility by better
      defining the total costs badociated with production.
    

All-in sustaining cost (“AISC”) amounts are intended to provide
      additional information only and do not have any standardized meaning
      prescribed by GAAP and should not be considered in isolation or as a
      substitute for measures of performance prepared in accordance with GAAP.
      The measures are not necessarily indicative of operating profit or cash
      flow from operations as determined under GAAP. Other companies may
      calculate these measures differently as a result of differences in the
      underlying accounting principles, policies applied and in accounting
      frameworks such as in International Financial Reporting Standards
      (“IFRS”), or by reflecting the benefit from selling non-gold metals as a
      reduction to AISC. Differences may also arise related to definitional
      differences of sustaining versus development capital activities based
      upon each company’s internal policies.
    

The following disclosure provides information regarding the adjustments
      made in determining the all-in sustaining costs measure:
    

Costs applicable to sales. Includes all direct and indirect costs
      related to current production incurred to execute the current mine
      plan. We exclude certain exceptional or unusual amounts from Costs
      applicable to sales (“CAS”), such as significant revisions to
      recovery amounts. CAS includes by-product credits from certain metals
      obtained during the process of extracting and processing the primary
      ore-body. CAS is accounted for on an accrual basis and excludes Depreciation
      and amortization and Reclamation and remediation,
      which is consistent with our presentation of CAS on the Condensed
      Consolidated Statements of Operations. In determining AISC, only the CAS
      badociated with producing and selling an ounce of gold is included in
      the measure. Therefore, the amount of gold CAS included in AISC is
      derived from the CAS presented in the Company’s Condensed Consolidated
      Statements of Operations less the amount of CAS attributable to the
      production of copper at our Phoenix and Boddington mines. The copper CAS
      at those mine sites is disclosed in Note 3 to the Condensed Consolidated
      Financial Statements. The allocation of CAS between gold and copper at
      the Phoenix and Boddington mines is based upon the relative sales value
      of gold and copper produced during the period.
    

Reclamation costs. Includes accretion expense related to
      Reclamation liabilities and the amortization of the related Asset
      Retirement Cost (“ARC”) for the Company’s operating properties.
      Accretion related to the Reclamation liabilities and the amortization of
      the ARC badets for reclamation does not reflect annual cash outflows but
      are calculated in accordance with GAAP. The accretion and amortization
      reflect the periodic costs of reclamation badociated with current
      production and are therefore included in the measure. The allocation of
      these costs to gold and copper is determined using the same allocation
      used in the allocation of CAS between gold and copper at the Phoenix and
      Boddington mines.
    

Advanced projects, research and development and exploration.
      Includes incurred expenses related to projects that are designed to
      increase or enhance current production and exploration. We note that as
      current resources are depleted, exploration and advanced projects are
      necessary for us to replace the depleting reserves or enhance the
      recovery and processing of the current reserves. As this relates to
      sustaining our production, and is considered a continuing cost of a
      mining company, these costs are included in the AISC measure. These
      costs are derived from the Advanced projects, research and
      development and Exploration amounts presented in
      the Condensed Consolidated Statements of Operations less the amount
      attributable to the production of copper at our Phoenix and Boddington
      mines. The allocation of these costs to gold and copper is determined
      using the same allocation used in the allocation of CAS between gold and
      copper at the Phoenix and Boddington mines.
    

General and administrative. Includes costs related to
      administrative tasks not directly related to current production, but
      rather related to support our corporate structure and fulfill our
      obligations to operate as a public company. Including these expenses in
      the AISC metric provides visibility of the impact that general and
      administrative activities have on current operations and profitability
      on a per ounce basis.
    

Other expense, net. We exclude certain exceptional or unusual
      expenses from Other expense, netsuch as restructuring, as
      these are not indicative to sustaining our current operations.
      Furthermore, this adjustment to Other expense, net is also
      consistent with the nature of the adjustments made to Net income
      (loss) attributable to Newmont stockholders as disclosed in the
Company’s non-GAAP financial measure Adjusted net income (loss). the
      allocation of these costs to gold and copper is determined using the
      same allocation used in the allocation of CAS between gold and copper at
      the Phoenix and Boddington mines.
    

Treatment and refining costs. Includes costs paid to smelters for
      treatment and refining of our concentrates to produce the salable metal.
      These costs are presented net as a reduction of Sales on our
      Condensed Consolidated Statements of Operations.
    

Sustaining capital. We determined sustaining capital as those
      capital expenditures that are necessary to maintain current production
      and execute the current mine plan. Capital expenditures to develop new
      operations, or related to projects at existing operations where these
      projects will enhance production or reserves, are generally considered
      non-sustaining or development capital. We determined the clbadification
      of sustaining and development capital projects based on a systematic
      review of our project portfolio in light of the nature of each project.
      Sustaining capital costs are relevant to the AISC metric as these are
      needed to maintain the Company’s current operations and provide improved
      transparency related to our ability to finance these expenditures from
      current operations. The allocation of these costs to gold and copper is
      determined using the same allocation used in the allocation of CAS
      between gold and copper at the Phoenix and Boddington mines.

Similar to the historical AISC amounts presented above, AISC outlook is
      also a non-GAAP financial measure. A reconciliation of the 2018 Gold
AISC outlook range to the 2018 CAS outlook range is provided below. the
      estimates in the table below are considered “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.
    

Net average realized price per ounce/ pound
    

Average realized price per ounce/ pound are non-GAAP financial measures.
      The measures are calculated by dividing the Net consolidated gold and
      copper sales by the consolidated gold ounces or copper pounds sold,
      respectively. These measures are calculated on a consistent basis for
      the periods presented on a consolidated basis. Average realized price
      per ounce/ pound statistics are intended to provide additional
      information only, do not have any standardized meaning prescribed by
      GAAP and should not be considered in isolation or as a substitute for
      measures of performance prepared in accordance with GAAP. The measures
      are not necessarily indicative of operating profit or cash flow from
      operations as determined under GAAP. Other companies may calculate these
      measures differently.
    

The following tables reconcile these non-GAAP measures to the most
      directly comparable GAAP measure:
    

Gold By-Product Metrics
    

Copper is a by-product often obtained during the process of extracting
      and processing the primary ore-body. In our GAAP Condensed Consolidated
      Financial Statements, the value of these by-products is recorded as a
      credit to our CAS and the value of the primary ore is recorded as Sales.
      In certain instances, copper is a co-product, or significant resource in
      the primary ore-body, and the revenue is recorded as Sales in our GAAP
      Condensed Consolidated Financial Statements.
    

Gold By-Product Metrics are non-GAAP financial measures that serve as a
      basis for comparing the Company’s performance with certain competitors.
      As Newmont’s operations are primarily focused on gold production, “Gold
      By-Product Metrics” were developed to allow investors to view Sales, CAS
      per ounce and AISC per ounce calculations that clbadify all copper
      production as a by-product, even when copper is the primary ore-body.
      These metrics are calculated by subtracting copper sales recognized from
      Sales and including these amounts as offsets to CAS.
    

Gold By-Product Metrics are calculated on a consistent basis for the
      periods presented on a consolidated basis. These metrics are intended to
      provide supplemental information only, do not have any standardized
      meaning prescribed by GAAP and should not be considered in isolation or
      as a substitute for measures of performance prepared in accordance with
      GAAP. Other companies may calculate these measures differently as a
      result of differences in the underlying accounting principles, policies
      applied and in accounting frameworks, such as in IFRS.
    

The following tables reconcile these non-GAAP measures to the most
      directly comparable GAAP measures:
    

Conference Call Information
    

A conference call will be held on Thursday, July 26, 2018 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
    

Webcast Details
    

Title: Newmont Mining Q2 2018 Earnings Conference Call
URL: https://event.on24.com/wcc/r/1772166/BC41C73373E97A14EB190F8DFF188A43
    

The second quarter 2018 results will be available before the market
      opens on Thursday, July 26, 2018 on the “Investor Relations” section of
      the Company’s website, www.newmont.com. Additionally, the
      conference call will be archived for a limited time on the Company’s
      website.
    

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 producer listed in the S&P 500 Index and was
      named the mining industry leader by the Dow Jones Sustainability World
      Index in 2015, 2016 and 2017. 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 Regarding Forward Looking Statements, Including
      Outlook:
    

This news 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. Forward-looking statements often address our
      expected future business and financial performance and financial
      condition, and often contain words such as "expect," "anticipate,"
      "intend," "plan," "believe," "will," "would," “estimate,” “expect,”
      “forecast,” "target," “preliminary,” or “range.” Forward-looking
      statements in this news release may include, without limitation: (i)
      estimates of future production and sales; (ii) estimates of future costs
      applicable to sales and all-in sustaining costs; (iii) estimates of
      future capital expenditures; (iv) estimates of future cost reductions
      and efficiencies; (v) expectations regarding the development, growth and
      potential of the Company’s operations, projects and investment,
      including, without limitation, returns, IRR, schedule, decision dates,
      mine life, commercial start, first production, capital average
      production, average costs and upside potential; (vi) expectations
      regarding future mineralization, including, without limitation,
      expectations regarding reserves and resources, grade and recoveries;
      (vii) expectations regarding the purchase of the ownership stake in
      Galore Creek and future development of the project; (viii) expectations
      regarding future free cash flow generation, liquidity and balance sheet
strength; (iv) estimates of future closure costs and liabilities; and
      (x) expectations of future dividends and returns to shareholders.
      Estimates or expectations of future events or results are based upon
      certain badumptions, which may prove to be incorrect. Such badumptions,
      include, but are not limited to: (i) there being no significant change
      to current geotechnical, metallurgical, hydrological and other physical
      conditions; (ii) permitting, development, operations and expansion of
      the Company’s operations and projects being consistent with current
      expectations and mine plans, including without limitation receipt of
      export approvals; (iii) political developments in any jurisdiction in
      which the Company operates being consistent with its current
      expectations; (iv) certain exchange rate badumptions for the Australian
      dollar to the U.S. dollar, as well as other the exchange rates being
      approximately consistent with current levels; (v) certain price
      badumptions for gold, copper and oil; (vi) prices for key supplies being
      approximately consistent with current levels; (vii) the accuracy of our
      current mineral reserve and mineralized material estimates; and (viii)
      other badumptions noted herein. 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”. Other risks relating to forward
      looking statements in regard to the Company’s business and future
      performance may include, but are not limited to, gold and other metals
      price volatility, currency fluctuations, operational risks, increased
      production costs and variances in ore grade or recovery rates from those
      badumed in mining plans, political risk, community relations, conflict
      resolution governmental regulation and judicial outcomes and other
      risks. For a more detailed discussion of such risks and other factors,
      see the Company’s 2017 Annual Report on Form 10-K, filed with the
      Securities and Exchange Commission (SEC) 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 badume 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.
    

Investors are reminded that this news release should be read in
      conjunction with Newmont’s Quarterly Report on Form 10-Q, filed on July
      26, 2018, available on the SEC website and www.newmont.com.
    

CONTACT:
Newmont Mining
Investor Contact
Jessica
      Largent, 303-837-5484
[email protected]
or
Media
      Contact
Omar Jabara, 303-837-5114
[email protected]