Newmont Reports 2016 Reserves and Resources

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

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.

Contacts

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

Contacts

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