SECURITIES AND EXCHANGE COMMISSION 
 WASHINGTON, D.C. 20549 

FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

 February 21, 2017 
 
 Newmont Mining Corporation 
 (Exact name of registrant as specified in its charter)

 	Delaware	 	
(State or Other Jurisdiction of Incorporation)	
		 	
	001-31240		
(Commission File Number)	
		 	
	84-1611629		
(I.R.S. Employer Identification No.)	
		 	
6363 South Fiddlers Green Circle, Greenwood Village, CO  80111	
(Address of principal executive offices) (zip code)	
		 	
	(303) 863-7414		
(Registrant's telephone number, including area code)	

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On February 21, 2017, Newmont Mining Corporation, a Delaware corporation (the “Company”), issued a news release reporting its fourth quarter and full year 2016 operating and financial results.  A copy of the news release is furnished as Exhibit 99.1 to this report.
Additionally, on February 21, 2017, the Company issued a news release reporting reserve and resource estimates as at December 31, 2016.  A copy of the news release is furnished as Exhibit 99.2 to this report.
ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits		
 	
Exhibit Number	Description of Exhibit	
 	
99.1	News Release, dated February 21, 2017, reporting Fourth Quarter and Full Year 2016 Operating and Financial Results	
 	
99.2	News Release, dated February 21, 2017, reporting Reserves and Resources	

2

SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		 	Newmont Mining Corporation		
					 	
 	 		By:	/s/ Nancy K. Buese		
			Name:	Nancy K. Buese		
			Title:	Executive Vice President and Chief Financial	
				Officer		

Dated:	February 21, 2017					

3

EXHIBIT INDEX

Exhibit Number	 	Description of Exhibit	
		 	
99.1		News Release, dated February 21, 2017, reporting Fourth Quarter and Full Year 2016 Operating and Financial Results	
		 	
99.2		News Release, dated February 21, 2017, reporting Reserves and Resources	

4

Exhibit 99.1
Newmont Announces Full Year and Fourth Quarter 2016 Results
DENVER--(BUSINESS WIRE)--February 21, 2017--Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced full year 2016 results that demonstrated improved operational and financial performance. Excluding Newmont’s share of PTNNT which was sold last November, the Company:
·	Net income (loss) : Delivered GAAP net income (loss) attributable to shareholders from continuing operations of $(220) million or $(0.41) per diluted share and adjusted net income 1 of $619 million or $1.16 per diluted share
·	EBITDA : Generated $2.4 billion in adjusted EBITDA 2 , up 25 percent from the prior year
·	Cash flow : Increased net cash from continuing operations to $1.9 billion and more than doubled free cash flow 3 to $784 million
·	Gold costs applicable to sales (CAS) : Reported slightly higher CAS of $682 per ounce 4 reflecting lower grades at Yanacocha and higher non-cash inventory costs at Yanacocha and Ahafo
·	Gold all-in sustaining costs (AISC) 5 : Lowered gold AISC for the fourth consecutive year to $912 per ounce, or two percent lower than 2015
·	Attributable gold production : Produced 4.9 million ounces of gold, up seven percent from the prior year
·	Portfolio improvements : Built Merian and Long Canyon $200 million below budget; delivered expansions and the investment case at Cripple Creek & Victor; progressed profitable expansions at Tanami and Northwest Exodus; generated $920 million in gross cash proceeds from the sale of Newmont’s stake in PTNNT; and added 10 million ounces of higher grade reserves and resources by the drill bit
·	Financial strength : Reduced net debt to $1.9 billion, ending the year with $2.8 billion cash on hand and an industry leading financial profile
·	Outlook : Updating guidance to include profitable gold production of between 4.5 and 5.4 million ounces over the next five years and a leading project pipeline that supports long-term value creation
“We continued to make Newmont a safer and more profitable business in 2016, with differentiated cash flow, financial strength and growth prospects,” said Gary Goldberg, President and Chief Executive Officer. “We increased adjusted EBITDA by 25 percent to $2.4 billion and more than doubled free cash flow to nearly $800 million on the back of superior operational performance. We invested these proceeds with an eye to long-term value creation – building two mines, advancing profitable expansions in the Americas and Australia, and adding higher grade ounces to our reserve base. Work to optimize our portfolio culminated in the sale of our PTNNT stake for $920 million. These proceeds helped us retire more than $1.3 billion in debt, improve our liquidity and increase dividends. Our plans for 2017 and beyond remain focused on improving our underlying business, strengthening our portfolio and creating value for shareholders.”
______________________________________
1 Non-GAAP measure. See end of release for reconciliation to Net income (loss) attributable to Newmont stockholders.
2 Non-GAAP measure. See end of release for reconciliation to Net income (loss) attributable to Newmont stockholders.
3 Non-GAAP measure. See end of release for reconciliation to Net cash provided by operating activities.
4 Non-GAAP measure. See end of release for reconciliation to Costs applicable to sales.
5 Non-GAAP measure. See end of release for reconciliation to Costs applicable to sales.

Fourth quarter 2016 results represented significant improvements from the prior year quarter excluding non-recurring costs associated with increased Yanacocha closure liability estimates and a related non-cash impairment charge announced on December 13, 2016:
·	Net income (loss) : Delivered GAAP net income (loss) attributable to shareholders from continuing operations of $(391) million, or $(0.73) per share, due to higher closure liability and impairment charges at Yanacocha and adjusted net income of $133 million, or $0.25 per share, up from $(0.03) in the prior year quarter;
·	EBITDA : Doubled adjusted EBITDA to $629 million
·	Cash flow : More than doubled net cash from continuing operations to $590 million and increased free cash flow to $289 million
·	Gold CAS : Reduced gold CAS by five percent to $681 per ounce
·	Gold AISC : Reduced AISC by 11 percent to $918 per ounce
·	Attributable gold production : Increased gold production by 17 percent to 1.3 million ounces
·	Shareholder returns: Doubled the fourth quarter dividend to $0.05 per share, in line with Newmont’s improved gold price-linked dividend policy
Full Year and Fourth Quarter 2016 Summary Results
GAAP Net income (loss) attributable to Newmont stockholders from continuing operations was $(220) million, or $(0.41) per share for the year, down from $(1) million for the prior year. GAAP Net income (loss) was $(391) million, or $(0.73) per share for the fourth quarter, down from $(276) million or $(0.54) per share in the prior year quarter.
Adjusted net income improved 89 percent to $619 million or $1.16 per diluted share for the year with higher gold production and favorable pricing more than offsetting slightly higher CAS (see below). This excludes a non-cash impairment charge at Yanacocha of $970 million related to the increased closure costs which extend over decades of reclamation. Newmont continues to study further oxide and sulfide developments to defer or potentially lower these costs. Fourth quarter adjusted net income of $133 million, or $0.25 per diluted share was up from $(0.03) in the prior year quarter and also excluded the closure liability and impairment charges at Yanacocha.
Revenue rose ten percent to $6.7 billion for the year and 23 percent to $1.8 billion for the quarter on higher gold sales and improved pricing.
Average realized gold price 6 improved around $100 to $1,243 per ounce for the full year and $1,193 per ounce for the fourth quarter, respectively.
Attributable gold production increased seven percent to 4.9 million ounces for the year supported by new production from Merian and Long Canyon; a full year of production at Cripple Creek & Victor and Carlin’s Turf Vent Shaft; and productivity improvements at Kalgoorlie. These ounces offset the impacts of declining production at Yanacocha and geotechnical issues at Carlin. Fourth quarter production improved 17 percent to 1.3 million ounces with production at Merian, Long Canyon and Cripple Creek & Victor offsetting grade reduction at Yanacocha.
Gold CAS totaled $3.5 billion for the year and $976 million for the quarter. Gold CAS per ounce rose three percent to $682 per ounce for the year and five percent to $681 per ounce for the quarter due primarily to lower grades and higher non-cash inventory costs at Yanacocha and Ahafo. These impacts were partially offset by lower-cost ounces from Long Canyon, Merian and Cripple Creek & Victor; and favorable oil prices and exchange rates.
Gold AISC improved two percent to $912 per ounce for the year, on lower sustaining capital and non-cash asset retirement costs, and 11 percent to $918 per ounce for the quarter on lower sustaining capital and advanced projects spend.
Attributable copper production from Phoenix and Boddington decreased five percent to 54,000 tonnes for the year; fourth quarter production of 13,000 tonnes was largely unchanged from the prior year.

Copper CAS totaled $225 million for the year and $60 million for the quarter. Copper CAS per pound rose eight percent to $1.95 per pound for the year, and rose eleven percent to $1.88 per pound for the quarter on lower volumes.
Copper AISC rose seven percent to $2.30 per pound for the year, and 11 percent to $2.31 per pound for the quarter, on increased unit CAS and lower volumes.
Capital expenditures 7 decreased 14 percent from the prior year and 29 percent from the prior quarter as growth projects such as Merian and Long Canyon moved into commercial production.
Consolidated operating cash flow from continuing operations rose 21 percent to $1.9 billion for the year and more than doubled to $590 million for the quarter on increased sales and improved gold pricing. Free cash flow more than doubled to $784 million for the year with lower capital expenditures more than offsetting increases in working capital, and increased to $289 million for the quarter on improved production and pricing, CAS efficiencies and lower capital.
Balance Sheet improved through $1.3 billion of debt repayment. Newmont ended the year with $2.8 billion cash on hand, a leverage ratio of 0.8x net debt to adjusted EBITDA and one of the best credit ratings in the mining sector. The Company is committed to maintaining an investment grade credit profile.
____________________________________________
6 Non-GAAP measure. See end of release for reconciliation to Sales.
7 Capital expenditures refers to Additions to property plant and mine development from the statements of consolidated cash flows.
Projects update
Newmont’s capital-efficient project pipeline supports stable production with improving margins and mine life. Near-term projects are presented below. Funding for the Tanami Expansion Project has been approved. The remaining projects represent incremental improvements to production and cost guidance.
·	Tanami Expansion (Australia) includes a second decline in the mine and incremental capacity in the plant to increase profitable production and serve as a platform for future growth. The project is on track to reach commercial production in mid-2017 and will maintain Tanami’s annual gold production at 425,000 to 475,000 ounces at AISC of between $700 and $750 per ounce for the first five years of production. Capital costs are estimated at between $100 and $120 million with expenditure of $30 to $50 million in 2017.
·	Subika Underground (Africa) leverages existing infrastructure and an optimized approach to develop Ahafo’s most promising underground resource. A project decision is expected in the first half of 2017 with first production in the second half of 2017 and commercial production beginning in late 2018. The expansion would increase average annual gold production by between 150,000 and 200,000 ounces per year for the first five years beginning in 2019, with an initial mine life of approximately 11 years. Capital costs for the project are estimated at between $150 and $200 million with expenditure of $80 to $90 million in 2017.
·	Ahafo Mill Expansion (Africa) is designed to maximize resource value by improving production margins and accelerating stockpile processing. The project also supports profitable development of Ahafo’s highly prospective underground resource. A project decision is expected in the first half of 2017 with first production beginning in 2019. The expansion would increase average annual gold production by between 75,000 and 100,000 ounces per year for the first five years beginning in 2020. Capital costs for the project are estimated at between $140 and $180 million with expenditure of approximately $40 to $50 million in 2017.
·	Quecher Main (South America) would add oxide production at Yanacocha, and serve as a bridge to development of Yanacocha’s considerable sulfide deposits. A project decision is expected in the second half of 2017 with first production in 2019. Quecher extends the life of the Yanacocha operation to 2025 with average annual gold production of approximately 200,000 ounces per year between 2020 and 2025 (100 percent basis). Capital costs for the project are estimated at between $275 and $325 million with expenditure of $5 to $10 million in 2017.
·	Twin Underground (North America) is a portal mine beneath Twin Creek’s Vista surface mine with similar mineralization. A project decision is expected in the second half of 2017 with first production in 2018. The expansion would add about 30,000 ounces per year for the first five years. Capital costs for the project are estimated at between $10 and $20 million.

Outlook
Newmont’s outlook reflects steady gold production and ongoing investment in its current assets and best growth prospects. Investments to explore and develop promising expansions and to address previously announced geotechnical issues at Carlin and changes to cost allocation between gold and copper are expected to slightly increase the Company’s 2017 and 2018 gold cost outlook. Newmont does not include potential cost and efficiency improvements in its outlook beyond 2017, nor does it include projects that have not yet been funded or reached the execution stage – both of which represent upside to guidance. Economic assumptions include $1,200 per ounce gold, $2.25 per pound copper, $55 per barrel WTI and $0.75 AUD-USD exchange rate.
Attributable gold production — Outlook is in line with previously published five-year guidance and expected to increase to between 4.9 and 5.4 million ounces in 2017 as full year production at Merian and Long Canyon more than offsets declines at Twin Creeks and Yanacocha. Longer-term production of between 4.5 and 5.0 million ounces is expected with production from Long Canyon and Ahafo partly offsetting declines at maturing assets. Expansion projects at Ahafo, Yanacocha and Twin Creeks represent upside to both production and cost guidance.
·	North America production increases to between 2.0 and 2.2 million ounces in 2017 with a full year of operations at Long Canyon offsetting the impact of higher planned stripping at Twin Creeks. Production declines slightly to between 1.9 and 2.1 million ounces in 2018 and between 1.8 and 2.0 million ounces in 2019 due to planned stripping at Carlin and continued stripping at Twin Creeks. Both sites return to higher production levels in 2020.
·	South America production is expected to increase from between 630,000 and 690,000 ounces in 2017 to between 625,000 and 725,000 ounces in 2018 with full production at Merian and then to decrease to between 500,000 and 600,000 ounces in 2019 due to declining production from Yanacocha and higher stripping at Merian. Quecher Main at Yanacocha represents additional upside currently not captured in guidance. The Company continues to advance oxide and sulfide potential at Yanacocha.
·	Australia production is expected to remain relatively stable in 2017 and 2018 at between 1.5 and 1.7 million ounces dropping slightly to between 1.4 and 1.6 million ounces in 2019 as Boddington stripping results in lower grades and lower production before returning to higher production levels in 2020. The Company is studying a further expansion at Tanami which represents additional upside not currently captured in guidance.
·	Africa production is expected to decrease from between 715,000 and 775,000 ounces in 2017 to between 650,000 and 750,000 ounces in 2018 as softer ores and higher grade stockpiles are depleted at Akyem. Production is then expected to increase to between 825,000 and 925,000 ounces in 2019 as Ahafo reaches higher grade ore in the Subika pit. The Company continues to advance the Subika Underground and Ahafo Mill Expansion projects that represent additional upside currently not captured in guidance. A decision on these projects is expected in the first half of 2017.
Gold cost outlook – CAS is expected to be between $700 and $750 per ounce in 2017 and between $700 and $800 per ounce in 2018, before any portfolio improvements. We expect longer term CAS to improve to $650 and $750 per ounce. AISC is expected to be between $940 and $1,000 per ounce in 2017 and between $950 and $1,050 per ounce in 2018, excluding further cost and efficiency improvements expected through the Company’s ongoing Full Potential program. Longer-term AISC is forecast to improve to between $880 and $980 per ounce as increased production from Ahafo and Long Canyon – combined with ongoing productivity, cost and capital improvements – is expected to more than offset inflation and partially counter the effects of lower grades.

·	North America CAS per ounce is expected to increase from between $705 and $755 to between $750 and $850 in 2018 and 2019. North America AISC per ounce is expected to increase from between $905 and $980 in 2017 to between $950 and $1,050 in 2018 before lowering to between $930 and $1,030 in 2019. The cost increases are a result of planned stripping at Carlin combined with lower grades at Twin Creeks and CC&V.
·	South America CAS per ounce is expected to decrease from between $675 and $725 in 2017 to between $650 and $750 in 2018 and decrease again to between $575 and $675 in 2019. AISC per ounce is expected to decrease from between $880 and $980 in 2017 to between $850 and $950 for 2018 and to between $810 and $910 in 2019. Costs decrease as lower cost production from Merian replaces higher cost production from Yanacocha. Yanacocha reaches higher grade ore in Tapado Oeste in 2019.
·	Australia CAS per ounce is expected to increase from between $660 and $710 in 2017 to between $675 and $775 in 2018 and 2019. AISC per ounce is expected to increase from between $820 and $880 to between $850 and $950 in 2018 and 2019. Higher costs are a result of lower grades at Tanami, lower grades as a result of stripping at Boddington and treatment of additional lower grade stockpile ore at Kalgoorlie in 2019.
·	Africa CAS per ounce is expected to increase from between $780 and $830 in 2017 to between $800 and $900 in 2018 before falling to between $475 and $575 in 2019. AISC per ounce is expected to increase from between $950 and $1,010 in 2017 to between $1,000 and $1,100 in 2018 before falling to between $680 and $780 in 2019. Costs increase due to Akyem processing harder, lower-grade ore. This is more than offset as Ahafo reaches higher-grade ore in the Subika pit in 2019.
Copper — Together, Boddington and Phoenix are expected to produce between 40,000 and 60,000 tonnes of copper per year in line with previous guidance excluding Batu Hijau. In 2017, copper costs are expected to be between $1.45 and $1.65 per pound CAS and between $1.85 and $2.05 per pound AISC. Longer term, copper CAS is expected to average between $1.50 and $1.90 per pound and AISC is expected to average between $1.85 and $2.15 per pound, well below previous guidance due to a shift in allocation of costs between copper and gold.
Capital — Total capital is expected to be between $800 and $900 million in 2017, covering the remaining capital for Northwest Exodus and the Tanami Expansion Project. 2017 sustaining capital outlook of between $600 and $700 million represents a 24 percent reduction from previously published guidance due to cost savings and deferrals. Newmont expects to reach development decisions on Ahafo Mill Expansion, Subika Underground, Quecher Main and Twin Underground projects later this year. These projects are currently excluded from outlook. Longer-term sustaining capital is expected to be approximately $600 to $700 million per year.

Outlook a

	 	 				 	 				 	 				 	 	Consolidated	 	 				
																		All-in			Consolidated	
2017			Consolidated			Attributable			Consolidated			Sustaining			Total Capital	
			Production			Production			CAS			Costs b			Expenditures	
 	 	 	(Koz, Kt)	 	 	(Koz, Kt)	 	 	($/oz, $/lb)	 	 	($/oz, $/lb)	 	 	($M)	
North America																										
Carlin			935	–	1,000			935	–	1,000			795	–	845			1,030	–	1,090			195	–	215	
Phoenix c			200	–	220			200	–	220			875	–	925			1,070	–	1,130			25	–	35	
Twin Creeks d			350	–	380			350	–	380			600	–	650			715	–	765			30	–	40	
CC&V			400	–	450			400	–	450			610	–	660			730	–	780			30	–	40	
Long Canyon			130	–	170			130	–	170			445	–	495			470	–	520			10	–	20	
Other North America	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	20	–	30	
Total			2,040	–	2,200			2,040	–	2,200			705	–	755			905	–	980			290	–	370	
																									 	
South America																										
Yanacocha e			530	–	560			260	–	300			845	–	895			1,040	–	1,110			35	–	55	
Merian			470	–	520			350	–	390			500	–	540			560	–	610			85	–	125	
Other South America	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total			1,000	–	1,080			630	–	690			675	–	725			880	–	980			120	–	175	
																									 	
Australia																										
Boddington			735	–	785			735	–	785			740	–	790			870	–	920			85	–	95	
Tanami			405	–	480			405	–	480			575	–	645			785	–	855			110	–	120	
Kalgoorlie f			375	–	425			375	–	425			585	–	635			665	–	715			15	–	25	
Other Australia	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total			1,520	–	1,695			1,520	–	1,695			660	–	710			820	–	880			215	–	250	
																									 	
Africa																										
Ahafo			305	–	335			305	–	335			990	–	1,045			1,135	–	1,215			30	–	45	
Akyem			405	–	435			405	–	435			625	–	665			745	–	795			30	–	40	
Other Africa	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total			715	–	775			715	–	775			780	–	830			950	–	1,010			50	–	80	
																									 	
Corporate/Other	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	15	–	20	
Total Gold g	 	 	5,275	–	5,770	 	 	4,890	–	5,370	 	 	700	–	750	 	 	940	–	1,000	 	 	800	–	900	

Phoenix			10	–	20			10	–	20			1.50	–	1.70			1.95	–	2.15						
Boddington	 	 	30	–	40	 	 	30	–	40	 	 	1.40	–	1.60	 	 	1.75	–	1.95	 	 	 	 	 	
Total Copper	 	 	40	–	60	 	 	40	–	60	 	 	1.45	–	1.65	 	 	1.85	–	2.05	 	 	 	 	 	
	 	 							
Consolidated Expense Outlook h		
General & Administrative			$	225	–	$	250		
Interest Expense			$	210	–	$	250		
DD&A			$	1,325	–	$	1,425		
Exploration and Projects			$	325	–	$	375		
Sustaining Capital			$	600	–	$	700		
Tax Rate	 	 	 	28%	–	 	34%		
a 2017 Outlook in the table above are considered “forward-looking statements” and are based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2017 Outlook assumes $1,200/oz Au, $2.25/lb Cu, $0.75 USD/AUD exchange rate and $55/barrel WTI; AISC and CAS estimates do not include inflation, for the remainder of the year. Production, AISC and capital estimates exclude projects that have not yet been approved, (Twin Underground, Ahafo Mill Expansion and Subika Underground). The potential impact on inventory valuation as a result of lower prices, input costs, and project decisions are not included as part of this Outlook. Such assumptions may prove to be incorrect and actual results may differ materially from those anticipated. See cautionary note at the end of the release.
b All-in sustaining costs or AISC as used in the Company’s Outlook is a non-GAAP metric defined as the sum of costs applicable to sales (including all direct and indirect costs related to current gold production incurred to execute on the current mine plan), remediation costs (including operating accretion and amortization of asset retirement costs), G&A, exploration expense, advanced projects and R&D, treatment and refining costs, other expense, net of one-time adjustments and sustaining capital. See reconciliation at the end of the release.
c Includes Lone Tree operations.
d Includes TRJV operations.
e Consolidated production for Yanacocha is presented on a total production basis for the mine site; attributable production represents a 51.35% interest. Yanacocha CAS and AISC guidance adjusted for La Quinua leach pad revision.
f Both consolidated and attributable production are shown on a pro-rata basis with a 50% ownership for Kalgoorlie.
g Production outlook does not include equity production from stakes in TMAC (29.2%) or La Zanja (46.94%).
h Consolidated expense outlook is adjusted to exclude extraordinary items. For example, the tax rate outlook above is a consolidated adjusted rate, which assumes the exclusion of certain tax valuation allowance adjustments. Beginning in 2016, regional general and administrative expense is included in total general and administrative expense (G&A) and community development cost is included in CAS.

	 	 			 	 			 	 			 			 	 			 	 			
			Three Months Ended December 31,			Years Ended December 31,		
Operating Results	 	 	2016	 	 	2015	 	 	% Change	 	 	 	2016	 	 	2015	 	 	% Change	 	 	
Attributable Sales (koz, kt)																								
Attributable gold ounces sold				2,561				2,378			8		%			4,865				4,603			6		%	
Attributable copper tonnes sold				28				31			(10	)	%			52				58			(10	)	%	
																							 	
Average Realized Price ($/oz, $/lb)																								
Average realized gold price			$	1,193			$	1,093			9		%		$	1,243			$	1,149			8		%	
Average realized copper price	 	 	$	2.49	 	 	$	1.93	 	 	29	 	%	 	$	2.15	 	 	$	2.17	 	 	(1	)	%	
																							 	
Attributable Production (koz, kt)																								
North America				551				427			29		%			2,024				1,643			23		%	
South America				166				108			54		%			414				471			(12	)	%	
Asia Pacific				396				393			1		%			1,641				1,665			(1	)	%	
Africa	 	 	 	210	 	 	 	201	 	 	4	 	%	 	 	819	 	 	 	805	 	 	2	 	%	
Total Gold	 	 	 	1,323	 	 	 	1,129	 	 	17	 	%	 	 	4,898	 	 	 	4,584	 	 	7	 	%	
																							 	
North America				4				5			(20	)	%			19				21			(10	)	%	
Asia Pacific	 	 	 	9	 	 	 	9	 	 	—	 	%	 	 	35	 	 	 	36	 	 	(3	)	%	
Total Copper	 	 	 	13	 	 	 	14	 	 	(7	)	%	 	 	54	 	 	 	57	 	 	(5	)	%	
																							 	
CAS Consolidated ($/oz, $/lb)																								
North America			$	721			$	823			(12	)	%		$	702			$	758			(7	)	%	
South America				631				717			(12	)	%			759				607			25		%	
Asia Pacific				642				673			(5	)	%			630				667			(6	)	%	
Africa	 	 	 	768	 	 	 	579	 	 	33	 	%	 	 	666	 	 	 	522	 	 	28	 	%	
Total Gold	 	 	$	681	 	 	$	718	 	 	(5	)	%	 	$	682	 	 	$	663	 	 	3	 	%	
Total Gold (by-product)	 	 	$	668	 	 	$	712	 	 	(6	)	%	 	$	677	 	 	$	653	 	 	4	 	%	
																							 	
North America			$	2.44			$	2.14			14		%		$	2.48			$	1.97			26		%	
Asia Pacific	 	 	 	1.68	 	 	 	1.58	 	 	6	 	%	 	 	1.67	 	 	 	1.71	 	 	(2	)	%	
Total Copper	 	 	$	1.88	 	 	$	1.69	 	 	11	 	%	 	$	1.95	 	 	$	1.80	 	 	8	 	%	
																							 	
AISC Consolidated ($/oz, $/lb)																								
North America			$	884			$	1,087			(19	)	%		$	869			$	979			(11	)	%	
South America				844				1,203			(30	)	%			1,052				949			11		%	
Asia Pacific				844				860			(2	)	%			786				818			(4	)	%	
Africa	 	 	 	929	 	 	 	806	 	 	15	 	%	 	 	833	 	 	 	718	 	 	16	 	%	
Total Gold	 	 	$	918	 	 	$	1,036	 	 	(11	)	%	 	$	912	 	 	$	933	 	 	(2	)	%	
Total Gold (by-product)	 	 	$	914	 	 	$	1,042	 	 	(12	)	%	 	$	915	 	 	$	932	 	 	(2	)	%	
																							 	
North America			$	2.80			$	2.36			18		%		$	2.88			$	2.30			25		%	
Asia Pacific	 	 	 	2.09	 	 	 	1.96	 	 	7	 	%	 	 	2.00	 	 	 	2.06	 	 	(3	)	%	
Total Copper	 	 	$	2.31	 	 	$	2.08	 	 	11	 	%	 	$	2.30	 	 	$	2.15	 	 	7	 	%	

	 			 	 			 	 			 	 			
NEWMONT MINING CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in millions except per share)	
															 	
		Three Months Ended			Years Ended	
		December 31,			December 31,	
		2016			2015			2016			2015	
															 	
Sales		$	1,789				$	1,452				$	6,711				$	6,085		
															 	
Costs and expenses																
Costs applicable to sales (1)			1,036					969					3,772					3,578		
Depreciation and amortization			328					310					1,220					1,102		
Reclamation and remediation			112					188					179					253		
Exploration			41					41					148					156		
Advanced projects, research and development			29					39					134					126		
General and administrative			55					61					233					241		
Impairment of long-lived assets			974					50					977					56		
Other expense, net		 	7	 			 	49	 			 	58	 			 	116	 	
		 	2,582	 			 	1,707	 			 	6,721	 			 	5,628	 	
Other income (expense)																
Other income, net			(24	)				(1	)				69					135		
Interest expense, net		 	(69	)			 	(71	)			 	(273	)			 	(297	)	
		 	(93	)			 	(72	)			 	(204	)			 	(162	)	
Income (loss) before income and mining tax and other items			(886	)				(327	)				(214	)				295		
Income and mining tax benefit (expense)			(8	)				(89	)				(563	)				(391	)	
Equity income (loss) of affiliates		 	(5	)			 	(11	)			 	(13	)			 	(45	)	
Income (loss) from continuing operations			(899	)				(427	)				(790	)				(141	)	
Income (loss) from discontinued operations, net of tax		 	92	 			 	69	 			 	(133	)			 	445	 	
Net income (loss)			(807	)				(358	)				(923	)				304		
Net loss (income) attributable to noncontrolling interests , net of tax																
Continuing operations			508					151					570					140		
Discontinued operations		 	(45	)			 	(47	)			 	(274	)			 	(224	)	
		 	463	 			 	104	 			 	296	 			 	(84	)	
Net income (loss) attributable to Newmont stockholders		$	(344	)			$	(254	)			$	(627	)			$	220	 	
															 	
Net income (loss) attributable to Newmont stockholders:																
Continuing operations		$	(391	)			$	(276	)			$	(220	)			$	(1	)	
Discontinued operations		 	47	 			 	22	 			 	(407	)			 	221	 	
		$	(344	)			$	(254	)			$	(627	)			$	220	 	
Income (loss) per common share																
Basic:																
Continuing operations		$	(0.73	)			$	(0.54	)			$	(0.41	)			$	—		
Discontinued operations		 	0.08	 			 	0.04	 			 	(0.77	)			 	0.43	 	
		$	(0.65	)			$	(0.50	)			$	(1.18	)			$	0.43	 	
Diluted:																
Continuing operations		$	(0.73	)			$	(0.54	)			$	(0.41	)			$	—		
Discontinued operations		 	0.08	 			 	0.04	 			 	(0.77	)			 	0.43	 	
		$	(0.65	)			$	(0.50	)			$	(1.18	)			$	0.43	 	
															 	
Cash dividends declared per common share		$	0.050				$	0.025				$	0.125				$	0.100		
(1) Excludes Depreciation and amortization and Reclamation and remediation .

	 	 			 			 	 			 			
														 	
NEWMONT MINING CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in millions)	
														 	
			Three Months Ended			Years Ended	
			December 31,			December 31,	
			2016		2015			2016		2015	
Operating activities:															
Net income (loss)			$	(807	)		$	(358	)			$	(923	)		$	304		
Adjustments:															
Depreciation and amortization				328				310					1,220				1,102		
Stock-based compensation				16				19					70				77		
Reclamation and remediation				108				185					168				246		
Loss (income) from discontinued operations				(92	)			(69	)				133				(445	)	
Impairment of long-lived assets				974				50					977				56		
Impairment of investments				—				13					—				115		
Deferred income taxes				(22	)			66					434				198		
Gain on asset and investment sales, net				1				(9	)				(108	)			(118	)	
Gain on deconsolidation of TMAC				—				—					—				(76	)	
Other operating adjustments and inventory write-downs				142				101					436				335		
Net change in operating assets and liabilities			 	(58	)		 	(24	)			 	(490	)		 	(206	)	
Net cash provided by operating activities of continuing operations				590				284					1,917				1,588		
Net cash provided by operating activities of discontinued operations (1)			 	43	 		 	(12	)			 	869	 		 	557	 	
Net cash provided by operating activities			 	633	 		 	272	 			 	2,786	 		 	2,145	 	
Investing activities:															
Additions to property, plant and mine development				(301	)			(422	)				(1,133	)			(1,311	)	
Proceeds from sale of Batu Hijau				920				—					920				—		
Proceeds from sales of investments				11				—					195				29		
Proceeds from sales of other assets				1				77					9				203		
Acquisitions, net				(6	)			(4	)				(6	)			(823	)	
Other			 	2	 		 	(2	)			 	(19	)		 	(49	)	
Net cash used in investing activities of continuing operations				627				(351	)				(34	)			(1,951	)	
Net cash used in investing activities of discontinued operations			 	(5	)		 	(38	)			 	(46	)		 	(90	)	
Net cash used in investing activities			 	622	 		 	(389	)			 	(80	)		 	(2,041	)	
Financing activities:															
Repayment of debt				(535	)			(2	)				(1,312	)			(229	)	
Dividends paid to noncontrolling interests				—				—					(146	)			(3	)	
Dividends paid to common stockholders				(26	)			(14	)				(67	)			(52	)	
Funding from noncontrolling interests, net				5				20					63				109		
Acquisition of noncontrolling interests				—				—					(19	)			(8	)	
Proceeds from stock issuance, net				—				—					—				675		
Proceeds from sale of noncontrolling interests				—				—					—				37		
Other			 	2	 		 	—	 			 	1	 		 	—	 	
Net cash provided by (used in) financing activities of continuing operations				(554	)			4					(1,480	)			529		
Net cash used in financing activities of discontinued operations			 	(2	)		 	(69	)			 	(321	)		 	(233	)	
Net cash provided by (used in) financing activities			 	(556	)		 	(65	)			 	(1,801	)		 	296	 	
Effect of exchange rate changes on cash			 	(3	)		 	(1	)			 	1	 		 	(22	)	
Net change in cash and cash equivalents				696				(183	)				906				378		
Less net cash provided by (used in) Batu Hijau discontinued operations			 	39	 		 	(116	)			 	513	 		 	246	 	
				657				(67	)				393				132		
Cash and cash equivalents at beginning of period			 	2,099	 		 	2,430	 			 	2,363	 		 	2,231	 	
Cash and cash equivalents at end of period			$	2,756	 		$	2,363	 			$	2,756	 		$	2,363	 	

(1)	 	Net cash provided by operating activities of discontinued operations includes $(3) and $(3) for the three months ended December 31, 2016 and 2015, respectively, and $(11) and $(12) for the years ended December 31, 2016 and 2015, respectively, related to the Holt property royalty that was paid out of cash and cash equivalents held for use.	

	 	 			 	 			
NEWMONT MINING CORPORATION
CONSOLIDATED BALANCE SHEETS
(unaudited, in millions)	
								 	
			At December 31,			At December 31,	
			2016			2015	
ASSETS									
Cash and cash equivalents			$	2,756				$	2,363		
Trade receivables				127					81		
Other accounts receivables				216					134		
Investments				56					19		
Inventories				617					561		
Stockpiles and ore on leach pads				763					782		
Other current assets				142					83		
Current assets held for sale			 	—	 			 	960	 	
Current assets				4,677					4,983		
Property, plant and mine development, net				12,485					13,210		
Investments				227					402		
Stockpiles and ore on leach pads				1,864					1,896		
Deferred income tax assets				1,331					1,712		
Other non-current assets				447					445		
Non-current assets held for sale			 	—	 			 	2,482	 	
Total assets			$	21,031	 			$	25,130	 	
								 	
LIABILITIES									
Debt			$	566				$	9		
Accounts payable				320					315		
Employee-related benefits				304					278		
Income and mining taxes payable				153					38		
Other current liabilities				407					487		
Current liabilities held for sale			 	—	 			 	289	 	
Current liabilities				1,750					1,416		
Debt				4,049					5,854		
Reclamation and remediation liabilities				2,029					1,555		
Deferred income tax liabilities				592					538		
Employee-related benefits				411					409		
Other non-current liabilities				326					310		
Non-current liabilities held for sale			 	—	 			 	756	 	
Total liabilities			 	9,157	 			 	10,838	 	

EQUITY									
Common stock				849					847		
Additional paid-in capital				9,490					9,427		
Accumulated other comprehensive income (loss)				(334	)				(334	)	
Retained earnings			 	716	 			 	1,410	 	
Newmont stockholders' equity				10,721					11,350		
Noncontrolling interests			 	1,153	 			 	2,942	 	
Total equity			 	11,874	 			 	14,292	 	
Total liabilities and equity			$	21,031	 			$	25,130	 	
								 	
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 analysts 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. The net income (loss) adjustments are generally presented net of tax at the Company’s statutory effective tax rate of 35% and net of our partners’ noncontrolling interests when applicable. The impact of the adjustments through the Company’s valuation allowance is included in Tax adjustments. Valuation allowance is recorded for items such as foreign tax credits, alternative minimum tax credits, capital losses and disallowed foreign losses. 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 analysts. Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted net income (loss) as follows:

			Three Months Ended			Years Ended	
			December 31,			December 31,	
			2016			2015			2016			2015	
Net income (loss) attributable to Newmont stockholders			$	(344	)			$	(254	)			$	(627	)			$	220		
Loss (income) attributable to Newmont stockholders from discontinued operations (1)																	
Holt property royalty obligation				(22	)				7					50					(27	)	
Batu Hijau operations				(48	)				(29	)				(243	)				(194	)	
Loss on sale of Batu Hijau			 	23	 				—	 			 	600	 			 	—	 	
Net income (loss) attributable to Newmont stockholders from continuing operations				(391	)				(276	)				(220	)				(1	)	
Impairment of investments (2)				—					8					—					74		
Impairment of long-lived assets (3)				334					18					336					22		
Restructuring and other (4)				4					3					18					17		
Acquisition costs (5)				(1	)				2					6					12		
Loss (gain) on asset and investment sales (6)				1					(6	)				(107	)				(69	)	
Gain on deconsolidation of TMAC (7)				—					—					—					(49	)	
Reclamation charges (8)				33					94					33					94		
Ghana Investment Agreement (9)				—					18					—					18		
Loss on debt repayment (10)				33					—					36					—		
La Quinua leach pad revision (11)				—					—					17					—		
Tax adjustments (12)			 	120	 				130	 			 	500	 			 	209	 	
Adjusted net income (loss)			$	133	 			$	(9	)			$	619	 			$	327	 	
																 	
Batu Hijau operations				48					29					243					194		
Batu Hijau tax adjustments (12)			 	—	 			 	—	 			 	—	 			 	(14	)	
Adjusted net income (loss) including Batu Hijau operations			$	181	 			$	20	 			$	862	 			$	507	 	
																 	
Net income (loss) per share, basic			$	(0.65	)			$	(0.50	)			$	(1.18	)			$	0.43		
Loss (income) attributable to Newmont stockholders from discontinued operations, net of taxes																	
Holt property royalty obligation				(0.05	)				0.02					0.09					(0.05	)	
Batu Hijau operations				(0.08	)				(0.06	)				(0.45	)				(0.38	)	
Loss on sale of Batu Hijau			 	0.05	 			 	—	 			 	1.13	 			 	—	 	
Net income (loss) attributable to Newmont stockholders from continuing operations				(0.73	)				(0.54	)				(0.41	)				—		
Impairment of investments, net of taxes				—					0.01					—					0.14		
Impairment of long-lived assets, net of taxes				0.63					0.03					0.63					0.04		
Restructuring and other, net of taxes				—					—					0.03					0.03		
Acquisition costs, net of taxes				—					—					0.01					0.02		
Loss (gain) on asset and investment sales, net of taxes				0.01					(0.01	)				(0.20	)				(0.13	)	
Gain on deconsolidation of TMAC, net of taxes				—					0.01					—					(0.09	)	
Reclamation charges, net of taxes				0.06					0.18					0.06					0.18		
Ghana Investment Agreement, net of taxes				—					0.03					—					0.03		
Loss on debt repayment, net of taxes				0.06					—					0.07					—		
La Quinua leach pad revision, net of taxes				—					—					0.03					—		
Tax adjustments			 	0.22	 			 	0.26	 			 	0.95	 			 	0.41	 	
Adjusted net income (loss) per share, basic			$	0.25	 			$	(0.03	)			$	1.17	 			$	0.63	 	
																 	
Batu Hijau operations				0.08					0.06					0.45					0.38		
Batu Hijau tax adjustments			 	—	 			 	—	 			 	—	 			 	(0.02	)	
Adjusted net income (loss) including Batu Hijau operations per share, basic			$	0.33	 			$	0.03	 			$	1.62	 			$	0.99	 	
																 	
Net income (loss) per share, diluted			$	(0.65	)			$	(0.50	)			$	(1.18	)			$	0.43		
Loss (income) attributable to Newmont stockholders from discontinued operations, net of taxes																	
Holt property royalty obligation				(0.05	)				0.02					0.09					(0.05	)	
Batu Hijau operations				(0.08	)				(0.06	)				(0.45	)				(0.38	)	
Loss on sale of Batu Hijau			 	0.05	 			 	—	 			 	1.13	 			 	—	 	
Net income (loss) attributable to Newmont stockholders from continuing operations				(0.73	)				(0.54	)				(0.41	)				—		
Impairment of investments, net of taxes				—					0.01					—					0.14		
Impairment of long-lived assets, net of taxes				0.63					0.03					0.63					0.04		
Restructuring and other, net of taxes				—					—					0.03					0.03		
Acquisition costs, net of taxes				—					—					0.01					0.02		
Loss (gain) on asset and investment sales, net of taxes				0.01					(0.01	)				(0.20	)				(0.13	)	
Gain on deconsolidation of TMAC, net of taxes				—					0.01					—					(0.09	)	
Reclamation charges, net of taxes				0.06					0.18					0.06					0.18		
Ghana Investment Agreement, net of taxes				—					0.03					—					0.03		
Loss on debt repayment, net of taxes				0.06					—					0.07					—		
La Quinua leach pad revision, net of taxes				—					—					0.03					—		
Tax adjustments			 	0.22	 			 	0.26	 			 	0.94	 			 	0.41	 	
Adjusted net income (loss) per share, diluted			$	0.25	 			$	(0.03	)			$	1.16	 			$	0.63	 	
																 	
Batu Hijau operations				0.08					0.06					0.45					0.38		
Batu Hijau tax adjustments			 	—	 			 	—	 			 	—	 			 	(0.03	)	
Adjusted net income (loss) including Batu Hijau operations per share, diluted			$	0.33	 			$	0.03	 			$	1.61	 			$	0.98	 	

(1)	 	Loss (income) from discontinued operations relates to (i) adjustments in our Holt property royalty, presented net of tax expense (benefit) of $13, $(4),$(19) and $11, respectively, (ii) Batu Hijau operations, presented net of tax expense (benefit) of $51, $59, $309 and $253, respectively, and amounts attributed to noncontrolling interest income (expense) of $(45), $(47), $(274) and $(224), respectively, and (iii) the loss on sale of Batu Hijau.	
(2)		Impairment of investments, included in Other income, net, represents other-than-temporary impairments on equity and cost method investments. Amounts are presented net of tax expense (benefit) of $-, $(5), $- and $(41), respectively.	
(3)		Impairment of long-lived assets, included in Impairment of long-lived assets, represents non-cash write-downs. The 2016 impairments include $970 related to long-lived assets in Yanacocha in the fourth quarter of 2016. Amounts are presented net of tax expense (benefit) of $(179), $18, $(180) and $(20), respectively, and amounts attributed to noncontrolling interest income (expense) of $(460), $(14), $(461) and $(14), respectively.	
(4)		Restructuring and other, included in Other expense, net, represents certain costs associated with severance and outsourcing costs and accrued legal costs in our Africa region during 2016, as well as system integration costs related to our acquisition of CC&V. Amounts are presented net of tax expense (benefit) of $1, $(3), $(9) and $(12), respectively and amounts attributed to noncontrolling interest income (expense) of $(3), $(2), $(5) and $(5), respectively.	
(5)		Acquisition costs, included in Other expense, net represents adjustments in 2016 to the contingent consideration liability from the acquisition of Boddington and costs associated withthe acquisition of CC&V in 2015. Amounts are presented net of tax expense (benefit) of $-, $(2), $(4) and $(7), respectively.	
(6)		Loss (gain) on asset and investment sales, included in Other income, net, primarily represents the sale of our holdings in Regis in the first quarter of 2016; income recorded in the third quarter of 2016 associated with contingent consideration from the sale of certain properties in our North America segment during 2015; land sales of Hemlo mineral rights in Canada and the Relief Canyon mine in Nevada during the first quarter of 2015; and gains related to the sale of our holdings in EGR in the third quarter of 2015 and Waihi in the fourth quarter of 2015. Amounts are presented net of tax expense (benefit) of $-, $3, $1 and $49, respectively.	
(7)		Gain on deconsolidation of TMAC, included in Other income, net, resulted from the deconsolidation of TMAC in the third quarter of 2015. Amounts are presented net of tax expense (benefit) of $-, $-, $- and $27, respectively.	
(8)		Reclamation charges, included in Reclamation and remediation, primarily represent adjustments to reclamation liabilities associated with (i) the review of the Yanacocha long-term mining and closure plans during the fourth quarter of 2016 and (ii) revisions to the remediation plan of the Midnite mine during the fourth quarter of 2015. Amounts are presented net of tax expense (benefit) of $(18), $(51), $(18) and $(51), respectively, and amounts attributed to noncontrolling interest income (expense) of $(37), $-, $(37) and $-, respectively.	
(9)		Ghana Investment Agreement, included in Other expense, net, represents a charge from the ratification of revised investment agreements by Ghana’s Parliament during the fourth quarter of 2015. Amounts are presented net of tax expense (benefit) of $-, $(9), $- and $(9), respectively.	
(10)		Loss on debt repayment, included in Other income, net, represents the impact of the debt tender offer on our 2019 Senior Notes and 2039 Senior Notes during the first quarter of 2016 and the debt tender offer on our 2022 Senior Notes during the fourth quarter of 2016. Amounts are presented net of tax expense of $(18), $-, $(19) and $-, respectively.	
(11)		La Quinua leach pad revision, included in Costs applicable to sales and Depreciation and amortization, represents a significant write-down of the estimated recoverable ounces at our Yanacocha operation during the third quarter of 2016. Amounts are presented net of tax expense (benefit) of $-, $-, $(9) and $-, respectively, and amounts attributed to noncontrolling interest income (expense) of $-, $-, $(25) and $-, respectively.	
(12)		Tax adjustments include movements in tax valuation allowance and tax adjustments. These tax adjustments were primarily the result of a tax restructuring and a loss carryback which resulted in an increase in the Company’s valuation allowance on credits and capital losses. In addition, an impairment at Yanacocha in the fourth quarter of 2016 resulted in a valuation allowance on the U.S. tax asset related to this investment.	

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA)
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 analysts.  Net income (loss) attributable to Newmont stockholders  is reconciled to EBITDA and Adjusted EBITDA as follows:

			Three Months Ended			Years Ended	
			December 31,			December 31,	
			2016			2015			2016			2015	
Net income (loss) attributable to Newmont stockholders			$	(344	)			$	(254	)			$	(627	)			$	220		
Net income (loss) attributable to noncontrolling interests, net of tax																	
Continuing operations				(508	)				(151	)				(570	)				(140	)	
Batu Hijau operations			 	45	 			 	47	 			 	274	 			 	224	 	
				(463	)				(104	)				(296	)				84		
Loss (income) from discontinued operations, net of tax (1)																	
Holt property royalty obligation				(22	)				7					50					(27	)	
Batu Hijau operations				(93	)				(76	)				(517	)				(418	)	
Loss on sale of Batu Hijau			 	23	 			 	—	 			 	600	 			 	—	 	
				(92	)				(69	)				133					(445	)	
Equity loss (income) of affiliates				5					11					13					45		
Income and mining tax expense (benefit)				8					89					563					391		
Depreciation and amortization				328					310					1,220					1,102		
Interest expense, net			 	69	 			 	71	 			 	273	 			 	297	 	
EBITDA			$	(489	)			$	54	 			$	1,279	 			$	1,694	 	
Adjustments:																	
Impairment of investments (2)			$	—				$	13				$	—				$	115		
Impairment of long-lived assets (3)				973					50					977					56		
Restructuring and other (4)				6					8					32					34		
Acquisition costs (5)				(1	)				4					10					19		
Gain on deconsolidation of TMAC (6)				—					—					—					(76	)	
Reclamation charges (7)				88					145					88					145		
Ghana Investment Agreement (8)				—					27					—					27		
Loss on debt repayment (9)				51					—					55					—		
La Quinua leach pad revision (10)				—					—					32					—		
Loss (gain) on asset and investment sales (11)			 	1	 			 	(9	)			 	(108	)			 	(118	)	
Adjusted EBITDA			$	629	 			$	292	 			$	2,365	 			$	1,896	 	
																 	
Income from discontinued operations of Batu Hijau, net of tax				93					76					517					418		
Batu Hijau Income and mining tax expense				51					59					309					253		
Batu Hijau Depreciation and amortization				19					33					134					137		
Batu Hijau Interest expense, net			 	—	 			 	6	 			 	15	 			 	28	 	
Adjusted EBITDA including Batu Hijau			$	792	 			$	466	 			$	3,340	 			$	2,732	 	

(1)	 	Loss (income) from discontinued operations relates to (i) adjustments in our Holt property royalty, presented net of tax expense (benefit) of $13, $(4), $19 and $(11), respectively, (ii) Batu Hijau operations, presented net of tax expense (benefit) of $51, $59, $309 and $253, respectively, and (iii) the loss on sale of Batu Hijau.	
(2)		Impairment of investments, included in Other income, net, represents other-than-temporary impairments on equity and cost method investments.	
(3)		Impairment of long-lived assets, included in Impairment of long-lived assets, represents non-cash write-downs. The 2016 impairments include $970 related to long-lived assets in Yanacocha in the fourth quarter of 2016.	
(4)		Restructuring and other, included in Other expense, net, represents certain costs associated with severance and outsourcing costs and accrued legal costs in our Africa region during 2016, as well as system integration costs related to our acquisition of CC&V.	
(5)		Acquisition costs, included in Other expense, net represents adjustments in 2016 to the contingent consideration liability from the acquisition of Boddington and costs associated with the acquisition of CC&V in 2015.	
(6)		Gain on deconsolidation of TMAC, included in Other income, net, resulted from the deconsolidation of TMAC in the third quarter of 2015.	
(7)		Reclamation charges, included in Reclamation and remediation, primarily represent adjustments to reclamation liabilities associated with (i) the review of the Yanacocha long-term mining and closure plans during the fourth quarter of 2016 and (ii) revisions to the remediation plan of the Midnite mine during the fourth quarter of 2015.	
(8)		Ghana Investment Agreement, included in Other expense, net, represents a charge from the ratification of revised investment agreements by Ghana’s Parliament during the fourth quarter of 2015.	
(9)		Loss on debt repayment, included in Other income, net, represents the impact of the debt tender offer on our 2019 Senior Notes and 2039 Senior Notes during the first quarter of 2016 and the debt tender offer on our 2022 Senior Notes during the fourth quarter of 2016.	
(10)		La Quinua leach pad revision, included in Costs applicable to sales, represents a significant write-down of the estimated recoverable ounces at our Yanacocha operation during the third quarter of 2016.	
(11)		Loss (gain) on asset and investment sales, included in Other income, net, primarily represents the sale of our holdings in Regis in the first quarter of 2016; income recorded in the third quarter of 2016 associated with contingent consideration from the sale of certain properties in our North America segment during 2015; land sales of Hemlo mineral rights in Canada and the Relief Canyon mine in Nevada during the first quarter of 2015; and gains related to the sale of our holdings in EGR in the third quarter of 2015 and Waihi in the fourth quarter of 2015.	
		 	
Free Cash Flow
Management uses Free Cash Flow as a non-GAAP measure to analyze cash flows generated from operations. Free Cash Flow is Net cash provided by operating activities less Net cash provided by operating activities of discontinued operations less Additions to property, plant and mine development as presented on the Statements of Consolidated 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 Statements of Consolidated Cash Flows.
The following table sets forth a reconciliation of Free Cash Flow, a non-GAAP financial measure, to Net cash provided by operating activities , which the Company believes to be the GAAP financial measure most directly comparable to Free Cash Flow, as well as information regarding Net cash used in investing activities and Net cash provided by (used in) financing activities .

	 	 			 			 			 			
			Three Months Ended		Years Ended	
			December 31,		December 31,	
			2016		2015		2016		2015	
Net cash provided by operating activities			$	633			$	272			$	2,786			$	2,145		
Less: Net cash provided by operating activities of discontinued operations			 	(43	)		 	12	 		 	(869	)		 	(557	)	
Net cash provided by operating activities of continuing operations			 	590	 		 	284	 		 	1,917	 		 	1,588	 	
Less: Additions to property, plant and mine development			 	(301	)		 	(422	)		 	(1,133	)		 	(1,311	)	
Free Cash Flow			$	289	 		$	(138	)		$	784	 		$	277	 	
													 	
Net cash used in investing activities (1)			$	622			$	(389	)		$	(80	)		$	(2,041	)	
Net cash provided by (used in) financing activities			$	(556	)		$	(65	)		$	(1,801	)		$	296		

(1)	 	Net cash used in investing activities includes Additions to property, plant and mine development, which is included in the Company’s computation of Free Cash Flow.	
		 	
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 on a consistent basis 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

			Three Months Ended			Years Ended	
			December 31,			December 31,	
			2016			2015			2016			2015	
Costs applicable to sales (1)			$	976			$	908			$	3,547			$	3,347	
Gold sold (thousand ounces)				1,433				1,265				5,199				5,052	
Costs applicable to sales per ounce			$	681			$	718			$	682			$	663	

(1)	 	Includes by-product credits of $13 and $8 during the three months ended December 31, 2016 and 2015, respectively, and $44 and $40 during the years ended December 31, 2016 and 2015, respectively.	
		 	
Costs applicable to sales per pound

			Three Months Ended			Years Ended	
			December 31,			December 31,	
			2016			2015			2016			2015	
Costs applicable to sales (1)			$	60			$	61			$	225			$	231	
Copper sold (million pounds)				32				36				116				129	
Costs applicable to sales per pound			$	1.88			$	1.69			$	1.95			$	1.80	

(1)	 	Includes by-product credits of $2 and $1 during the three months ended December 31, 2016 and 2015, respectively, and $6 and $5 during the years ended December 31, 2016 and 2015, respectively.	
		 	
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 analysts 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 associated 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 Statements of Consolidated Operations. In determining AISC, only the CAS associated with producing and selling an ounce of gold or a pound of copper is included in the measure. Therefore, the amount of gold CAS included in AISC is derived from the CAS presented in the Company’s Statements of Consolidated 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 5 to the 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 copper and gold produced during the period.
Reclamation Costs - Includes accretion expense related to Asset Retirement Obligation (“ARO”) and the amortization of the related Asset Retirement Cost (“ARC”) for the Company’s operating properties. Accretion related to the ARO and the amortization of the ARC assets 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 associated 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 Statements of Consolidated 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 and regional structure and fulfilling 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 - Includes administrative costs to support current production. We exclude certain exceptional or unusual expenses from Other expense, net, such 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 Statements of Consolidated 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 considered development. We determined the classification 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.

											Advanced																												
											Projects,																												
										Research and											Treatment														All-In	
			Costs							Development			General			Other			and							All-In			Ounces			Sustaining	
Three Months Ended			Applicable			Reclamation			and			and			Expense,			Refining			Sustaining			Sustaining			(000)/Pounds			Costs per	
December 31, 2016			to Sales (1)(2)(3)			Costs (4)			Exploration			Administrative			Net (5)			Costs			Capital (6)			Costs			(millions) Sold			oz/lb	
Gold																																								
Carlin			$	212			$	1			$	5			$	—			$	—				$	—			$	58			$	276			261			$	1,057	
Phoenix				46				2				—				—				1					1				4				54			55				982	
Twin Creeks				64				1				2				—				—					—				7				74			108				685	
Long Canyon				4				—				—				—				—					—				1				5			22				227	
CC&V				60				1				4				1				—					—				4				70			108				648	
Other North America			 	—			 	—			 	6			 	—			 	2	 			 	—			 	3			 	11			—			 	—	
North America			 	386			 	5			 	17			 	1			 	3	 			 	1			 	77			 	490			554			 	884	
																																							 	
Yanacocha				129				14				9				—				(2	)				—				16				166			158				1,051	
Merian				34				—				3				—				—					—				—				37			99				374	
Other South America			 	—			 	—			 	12			 	2			 	—	 			 	—			 	—			 	14			—			 	—	
South America			 	163			 	14			 	24			 	2			 	(2	)			 	—			 	16			 	217			257			 	844	
																																							 	
Boddington				139				2				1				—				—					6				19				167			206				811	
Tanami				58				1				3				—				—					—				27				89			102				873	
Kalgoorlie				68				2				1				—				—					3				6				80			103				777	
Other Asia Pacific			 	—			 	—			 	3			 	3			 	1	 			 	—			 	4			 	11			—			 	—	
Asia Pacific			 	265			 	5			 	8			 	3			 	1	 			 	9			 	56			 	347			411			 	844	
																																							 	
Ahafo				101				1				8				—				—					—				15				125			85				1,471	
Akyem				61				2				—				—				—					—				7				70			126				556	
Other Africa			 	—			 	—			 	—			 	1			 	—	 			 	—			 	—			 	1			—			 	—	
Africa			 	162			 	3			 	8			 	1			 	—	 			 	—			 	22			 	196			211			 	929	
																																							 	
Corporate and Other			 	—			 	—			 	13			 	47			 	1	 			 	—			 	4			 	65			—			 	—	
Total Gold			$	976			$	27			$	70			$	54			$	3	 			$	10			$	175			$	1,315			1,433			$	918	
																																							 	
Copper																																								
Phoenix			$	23			$	1			$	—			$	1			$	—				$	1			$	2			$	28			10			$	2.80	
Boddington			 	37			 	—			 	—			 	—			 	—	 			 	4			 	5			 	46			22			 	2.09	
Total Copper			$	60			$	1			$	—			$	1			$	—	 			$	5			$	7			$	74			32			$	2.31	
			 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 								
Consolidated			$	1,036			$	28			$	70			$	55			$	3	 			$	15			$	182			$	1,389								

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.	
(2)		Includes by-product credits of $15.	
(3)		Includes stockpile and leach pad inventory adjustments of $46 at Yanacocha, $37 at Ahafo, $26 at Carlin and $7 at Twin Creeks.	
(4)		Reclamation costs include operating accretion of $18 and amortization of asset retirement costs of $10.	
(5)		Other expense, net is adjusted for restructuring and other costs of $7 and changes in Boddington contingent consideration of $(1).	
(6)		Excludes development capital expenditures, capitalized interest, and the increase in accrued capital, totaling $119. The following are major development projects during the period: Merian, Long Canyon and the CC&V and Tanami expansions.	

	 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 		 	 			
											Advanced																												
											Projects,																												
											Research and											Treatment														All-In	
			Costs							Development			General			Other			and							All-In			Ounces			Sustaining	
Three Months Ended			Applicable			Reclamation			and			and			Expense,			Refining			Sustaining			Sustaining			(000)/Pounds			Costs per	
December 31, 2015			to Sales (1)(2)(3)			Costs (4)			Exploration			Administrative			Net (5)			Costs			Capital (6)			Costs			(millions) Sold			oz/lb	
Gold																																								
Carlin			$	217			$	1			$	4			$	1			$	—				$	—			$	64			$	287			224			$	1,281	
Phoenix				42				—				—				—				1					2				3				48			45				1,067	
Twin Creeks				56				1				1				—				2					—				10				70			107				654	
CC&V (7)				34				1				2				—				—					—				6				43			49				878	
Other North America (8)			 	—			 	—			 	11			 	—			 	(2	)			 	—			 	5			 	14			—			 	—	
North America			 	349			 	3			 	18			 	1			 	1	 			 	2			 	88			 	462			425			 	1,087	
																																							 	
Yanacocha				159				24				15				1				1					—				38				238			217				1,097	
Other South America (9)			 	—			 	—			 	18			 	3			 	2	 			 	—			 	—			 	23			—			 	—	
South America			 	159			 	24			 	33			 	4			 	3	 			 	—			 	38			 	261			217			 	1,203	
																																							 	
Boddington				159				2				1				—				—					7				13				182			231				788	
Tanami				53				1				2				1				—					—				23				80			93				860	
Waihi (10)				6				—				—				—				—					—				1				7			13				538	
Kalgoorlie				66				—				1				1				—					2				7				77			85				906	
Other Asia Pacific			 	—			 	—			 	2			 	6			 	6	 			 	—			 	3			 	17			—			 	—	
Asia Pacific			 	284			 	3			 	6			 	8			 	6	 			 	9			 	47			 	363			422			 	860	
																																							 	
Ahafo				55				2				8				1				—					—				17				83			81				1,025	
Akyem				61				1				2				—				(1	)				—				14				77			120				642	
Other Africa			 	—			 	—			 	—			 	2			 	—	 			 	—			 	—			 	2			—			 	—	
Africa			 	116			 	3			 	10			 	3			 	(1	)			 	—			 	31			 	162			201			 	806	
																																							 	
Corporate and Other			 	—			 	—			 	12			 	45			 	1	 			 	—			 	5			 	63			—			 	—	
Total Gold			$	908			$	33			$	79			$	61			$	10	 			$	11			$	209			$	1,311			1,265			$	1,036	
																																							 	
Copper																																								
Phoenix			$	22			$	1			$	—			$	—			$	—				$	1			$	2			$	26			11			$	2.36	
Boddington			 	39			 	1			 	1			 	—			 	—	 			 	5			 	3			 	49			25			 	1.96	
Total Copper			$	61			$	2			$	1			$	—			$	—	 			$	6			$	5			$	75			36			$	2.08	
			 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 								
Consolidated			$	969			$	35			$	80			$	61			$	10	 			$	17			$	214			$	1,386								

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.		
(2)		Includes by-product credits of $9.		
(3)		Includes stockpile and leach pad inventory adjustments of $30 at Carlin, $34 at Yanacocha and $2 at Twin Creeks.		
(4)		Reclamation costs include operating accretion of $19 and amortization of asset retirement costs of $16.		
(5)		Other expense, net is adjusted for restructuring costs and other of $8, the Ghana Investment Agreement payment of $27 and acquisition costs of $4.		
(6)		Excludes development capital expenditures, capitalized interest, and the decrease in accrued capital, totaling $208. The following are major development projects during the period: Turf Vent Shaft, Merian, Long Canyon and the CC&V expansion project	.	
(7)		The Company acquired the CC&V gold mining business on August 3, 2015.		
(8)		Advanced Projects, Research and Development and Exploration incurred at Long Canyon of $8 is included in Other North America.		
(9)		Advanced Projects, Research and Development and Exploration incurred at Merian of $4 were previously included in Corporate and Other is included in Other South America.		
(10)		On October 29, 2015, the Company sold the Waihi mine.		

	 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 		 	 			
											Advanced																												
											Projects,																												
											Research and											Treatment														All-In	
			Costs							Development			General			Other			and							All-In			Ounces			Sustaining	
Years Ended			Applicable			Reclamation			and			and			Expense,			Refining			Sustaining			Sustaining			(000)/Pounds			Costs per	
December 31, 2016			to Sales (1)(2)(3)			Costs (4)			Exploration			Administrative			Net (5)			Costs			Capital (6)			Costs			(millions) Sold			oz/lb	
Gold																																								
Carlin			$	797			$	5			$	19			$	5			$	—			$	—			$	163			$	989			944			$	1,048	
Phoenix				164				5				1				1				1				8				12				192			205				937	
Twin Creeks				234				3				8				1				—				—				33				279			455				613	
Long Canyon (7)				4				—				—				—				—				—				1				5			22				227	
CC&V				216				4				11				2				—				—				10				243			391				621	
Other North America			 	—			 	—			 	32			 	—			 	5			 	—			 	7			 	44			—			 	—	
North America			 	1,415			 	17			 	71			 	9			 	6			 	8			 	226			 	1,752			2,017			 	869	
																																							 	
Yanacocha				493				57				35				7				—				—				82				674			637				1,058	
Merian (8)				34				—				3				—				—				—				—				37			99				374	
Other South America			 	—			 	—			 	57			 	6			 	—			 	—			 	—			 	63			—			 	—	
South America			 	527			 	57			 	95			 	13			 	—			 	—			 	82			 	774			736			 	1,052	
																																							 	
Boddington				530				6				1				—				—				22				51				610			787				775	
Tanami				238				3				13				—				—				—				85				339			459				739	
Kalgoorlie				257				5				5				—				—				7				19				293			378				775	
Other Asia Pacific			 	—			 	—			 	8			 	15			 	5			 	—			 	6			 	34			—			 	—	
Asia Pacific			 	1,025			 	14			 	27			 	15			 	5			 	29			 	161			 	1,276			1,624			 	786	
																																							 	
Ahafo				313				6				28				—				1				—				54				402			349				1,152	
Akyem				235				8				8				—				1				—				24				276			473				584	
Other Africa			 	—			 	—			 	2			 	5			 	—			 	—			 	—			 	7			—			 	—	
Africa			 	548			 	14			 	38			 	5			 	2			 	—			 	78			 	685			822			 	833	
																																							 	
Corporate and Other			 	—			 	—			 	51			 	190			 	3			 	—			 	10			 	254			—			 	—	
Total Gold			$	3,515			$	102			$	282			$	232			$	16			$	37			$	557			$	4,741			5,199			$	912	
																																							 	
Copper																																								
Phoenix			$	99			$	3			$	—			$	1			$	—			$	3			$	9			$	115			40			$	2.88	
Boddington			 	126			 	1			 	—			 	—			 	—			 	13			 	12			 	152			76			 	2.00	
Total Copper			$	225			$	4			$	—			$	1			$	—			$	16			$	21			$	267			116			$	2.30	
			 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 								
Consolidated			$	3,740			$	106			$	282			$	233			$	16			$	53			$	578			$	5,008								

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.	
(2)		Includes by-product credits of $50.	
(3)		Includes stockpile and leach pad inventory adjustments of $117 at Yanacocha, $77 at Carlin, $71 at Ahafo and $18 at Twin Creeks. Total stockpile and leach pad inventory adjustments at Yanacocha of $151 were adjusted above by $32 related to a significant write-down of recoverable ounces at the La Quinua Leach Pad in the third quarter of 2016.	
(4)		Reclamation costs include operating accretion of $75 and amortization of asset retirement costs of $31.	
(5)		Other expense, net is adjusted for restructuring and other costs of $32 and acquisition costs of $10.	
(6)		Excludes development capital expenditures, capitalized interest, and the increase in accrued capital, totaling $555. The following are major development projects during the period: Merian, Long Canyon and the CC&V and Tanami expansions.	
(7)		Advanced Projects, Research and Development and Exploration incurred at Long Canyon prior to reaching commercial production in November 2016 of $20 is included in Other North America.	
(8)		Advanced Projects, Research and Development and Exploration incurred at Merian prior to reaching commercial production in October 2016 of $21 is included in Other South America.	

	 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 		 	 			
											Advanced																												
											Projects,																												
											Research and											Treatment														All-In	
			Costs							Development			General			Other			and							All-In			Ounces			Sustaining	
Years Ended			Applicable			Reclamation			and			and			Expense,			Refining			Sustaining			Sustaining			(000)/Pounds			Costs per	
December 31, 2015			to Sales (1)(2)(3)			Costs (4)			Exploration			Administrative			Net (5)			Costs			Capital (6)			Costs			(millions) Sold			oz/lb	
Gold																																								
Carlin			$	790			$	4			$	16			$	7			$	—			$	—			$	188			$	1,005			886			$	1,134	
Phoenix				163				4				2				2				1				8				15				195			199				980	
Twin Creeks				246				4				8				2				2				—				47				309			473				653	
CC&V (7)				44				2				3				—				—				—				7				56			82				683	
Other North America (8)			 	—			 	—			 	30			 	—			 	3			 	—			 	8			 	41			—			 	—	
North America			 	1,243			 	14			 	59			 	11			 	6			 	8			 	265			 	1,606			1,640			 	979	
																																							 	
Yanacocha				564				97				37				15				3				—				97				813			924				880	
Other South America (9)			 	—			 	—			 	58			 	4			 	2			 	—			 	—			 	64			—			 	—	
South America			 	564			 	97			 	95			 	19			 	5			 	—			 	97			 	877			924			 	949	
																																							 	
Boddington				570				9				2				—				—				24				47				652			816				799	
Tanami				225				3				7				1				—				—				78				314			434				724	
Waihi (10)				55				2				3				—				—				—				3				63			116				543	
Kalgoorlie				272				5				3				1				—				5				21				307			318				965	
Other Asia Pacific			 	—			 	—			 	5			 	17			 	14			 	—			 	6			 	42			—			 	—	
Asia Pacific			 	1,122			 	19			 	20			 	19			 	14			 	29			 	155			 	1,378			1,684			 	818	
																																							 	
Ahafo				206				7				24				1				1				—				57				296			332				892	
Akyem				212				6				8				—				—				—				44				270			472				572	
Other Africa			 	—			 	—			 	2			 	9			 	—			 	—			 	—			 	11			—			 	—	
Africa			 	418			 	13			 	34			 	10			 	1			 	—			 	101			 	577			804			 	718	
																																							 	
Corporate and Other			 	—			 	—			 	72			 	181			 	10			 	—			 	10			 	273			—			 	—	
Total Gold			$	3,347			$	143			$	280			$	240			$	36			$	37			$	628			$	4,711			5,052			$	933	
																																							 	
Copper																																								
Phoenix			$	91			$	3			$	1			$	1			$	—			$	3			$	9			$	108			47			$	2.30	
Boddington			 	140			 	2			 	1			 	—			 	—			 	15			 	11			 	169			82			 	2.06	
Total Copper			$	231			$	5			$	2			$	1			$	—			$	18			$	20			$	277			129			$	2.15	
			 	 			 	 			 	 			 	 			 	 			 	 			 	 			 	 								
Consolidated			$	3,578			$	148			$	282			$	241			$	36			$	55			$	648			$	4,988								

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.		
(2)		Includes by-product credits of $45.		
(3)		Includes stockpile and leach pad inventory adjustments of $116 at Carlin, $14 at Twin Creeks, $77 at Yanacocha and $19 at Boddington.		
(4)		Reclamation costs include operating accretion of $74 and amortization of asset retirement costs of $74.		
(5)		Other expense, net is adjusted for restructuring costs and other of $34, the Ghana Investment Agreement payment of $27 and acquisition costs of $19.		
(6)		Excludes development capital expenditures, capitalized interest, and the decrease in accrued capital, totaling $663. The following are major development projects during the period: Turf Vent Shaft, Merian, Long Canyon and the CC&V expansion project	.	
(7)		The Company acquired the CC&V gold mining business on August 3, 2015.		
(8)		Advanced Projects, Research and Development and Exploration incurred at Long Canyon of $22 is included in Other North America.		
(9)		Advanced Projects, Research and Development and Exploration incurred at Merian of $12 were previously included in Corporate and Other is included in Other South America.		
(10)		On October 29, 2015, the Company sold the Waihi mine.		

Similar to the historical AISC amounts presented above, AISC outlook is also a non-GAAP financial measure. A reconciliation of the 2017 Gold AISC outlook range to the 2017 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.

2017 Outlook - Gold	Outlook range	
	Low	 	 	 	High	
Costs Applicable to Sales (1)(2)	$	3,835				$	4,185	
Reclamation Costs (3)		110					130	
Advanced Projects and Exploration		325					375	
General and Administrative		225					250	
Other Expense		5					30	
Treatment and Refining Costs		20					40	
Sustaining Capital (4)	 	600				 	700	
All-in Sustaining Costs (5)	$	5,125				$	5,630	
Ounces (000) Sold	 	5,275				 	5,770	
All-in Sustaining Costs per oz (5)	$	940				$	1,000	

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.	
(2)		Includes stockpile and leach pad inventory adjustments.	
(3)		Reclamation costs include operating accretion and amortization of asset retirement costs.	
(4)		Excludes development capital expenditures, capitalized interest and increase in accrued capital.	
(5)		The reconciliation above is provided for illustrative purposes in order to better describe management’s estimates of the components of the calculation. Ranges for each component of the forward-looking All-in sustaining costs per ounce are independently calculated and, as a result, the total All-in sustaining costs and the All-in sustaining costs per ounce may not sum to the component ranges. While a reconciliation to the most directly comparable GAAP measure has been provided for 2017 AISC Gold Outlook on a consolidated basis, a reconciliation has not been provided on an individual site-by-site basis in reliance on Item 10(e)(1)(i)(B) of Regulation S-K because such reconciliation is not available without unreasonable efforts. See the Cautionary Statement at the end of this news release for additional information.	

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:

			Three Months Ended			Years Ended	
			December 31,			December 31,	
			2016			2015			2016			2015	
Sales			$	1,789				$	1,452				$	6,711				$	6,085		
Consolidated copper sales, net			 	(79	)			 	(68	)			 	(250	)			 	(280	)	
Consolidated gold sales, net			$	1,710				$	1,384				$	6,461				$	5,805		
																 	
Gross before provisional pricing			$	1,731				$	1,397				$	6,485				$	5,850		
Provisional pricing mark-to-market			 	(11	)			 	(2	)			 	13	 			 	(8	)	
Gross after provisional pricing				1,720					1,395					6,498					5,842		
Treatment and refining charges			 	(10	)			 	(11	)			 	(37	)			 	(37	)	
Net			$	1,710	 			$	1,384	 			$	6,461	 			$	5,805	 	
Consolidated gold ounces sold (thousands):				1,433					1,265					5,199					5,052		
Average realized gold price (per ounce):																	
Gross before provisional pricing			$	1,208				$	1,103				$	1,247				$	1,158		
Provisional pricing mark-to-market			 	(8	)			 	(1	)			 	3	 			 	(2	)	
Gross after provisional pricing				1,200					1,102					1,250					1,156		
Treatment and refining charges			 	(7	)			 	(9	)			 	(7	)			 	(7	)	
Net			$	1,193	 			$	1,093	 			$	1,243	 			$	1,149	 	

																 	
			Three Months Ended			Years Ended	
			December 31,			December 31,	
			2016			2015			2016			2015	
Sales			$	1,789				$	1,452				$	6,711				$	6,085		
Consolidated gold sales, net			 	(1,710	)			 	(1,384	)			 	(6,461	)			 	(5,805	)	
Consolidated copper sales, net			$	79				$	68				$	250				$	280		
																 	
Consolidated copper sales:																	
Gross before provisional pricing			$	78				$	77				$	261				$	319		
Provisional pricing mark-to-market			 	5	 			 	(4	)			 	5	 			 	(21	)	
Gross after provisional pricing				83					73					266					298		
Treatment and refining charges			 	(4	)			 	(5	)			 	(16	)			 	(18	)	
Net			$	79	 			$	68	 			$	250	 			$	280	 	
Consolidated copper pounds sold (millions):				32					36					116					129		
Average realized copper price (per pound):																	
Gross before provisional pricing			$	2.46				$	2.20				$	2.25				$	2.48		
Provisional pricing mark-to-market			 	0.16	 			 	(0.12	)			 	0.04	 			 	(0.17	)	
Gross after provisional pricing				2.62					2.08					2.29					2.31		
Treatment and refining charges			 	(0.13	)			 	(0.15	)			 	(0.14	)			 	(0.14	)	
Net			$	2.49	 			$	1.93	 			$	2.15	 			$	2.17	 	

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 classify 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:

			Three Months Ended December 31,			Years Ended December 31,	
			2016			2015			2016			2015	
Consolidated gold sales, net			$	1,710				$	1,384				$	6,461				$	5,805		
Consolidated copper sales, net			 	79	 			 	68	 			 	250	 			 	280	 	
Sales			$	1,789	 			$	1,452	 			$	6,711	 			$	6,085	 	
																 	
Costs applicable to sales			$	1,036				$	969				$	3,772				$	3,578		
Less: Consolidated copper sales, net			 	(79	)			 	(68	)			 	(250	)			 	(280	)	
By-Product costs applicable to sales			$	957	 			$	901	 			$	3,522	 			$	3,298	 	
Gold sold (thousand ounces)			 	1,433	 			 	1,265	 			 	5,199	 			 	5,052	 	
Total Gold CAS per ounce (by-product)			$	668	 			$	712	 			$	677	 			$	653	 	
																 	
Total AISC			$	1,389				$	1,386				$	5,008				$	4,988		
Less: Consolidated copper sales, net			 	(79	)			 	(68	)			 	(250	)			 	(280	)	
By-Product AISC			$	1,310	 			$	1,318	 			$	4,758	 			$	4,708	 	
Gold sold (thousand ounces)			 	1,433	 			 	1,265	 			 	5,199	 			 	5,052	 	
Total Gold AISC per ounce (by-product)			$	914	 			$	1,042	 			$	915	 			$	932	 	

Conference call information
Newmont Mining Corporation (NYSE: NEM) announced it will report fourth quarter and full year 2016 operations and financial results after the market closes on Tuesday, February 21, 2017. A conference call will be held on Wednesday, February 22, 2017 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time) ; it will also be carried on the Company’s website.

Conference Call Details	
Dial-In Number 800.857.6428	
Intl Dial-In Number 517.623.4916	
Leader Meredith Bandy	
Passcode Newmont	
Replay Number 800.867.1928	
Intl Replay Number 203.369.3838	
Webcast Details
URL: http://event.on24.com/wcc/r/1286756/21169E2C08BBA14CF7AFA4E5092C8F16
The fourth quarter and full year 2016 results will be available after the market closes on Tuesday, February 21, 2017 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.
Cautionary Statement Regarding Forward Looking Statements, Including Outlook:
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: (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, expected returns, life of mine, commercial start and first production and upside; (vi) expectations regarding future debt repayments and ; (vii) expectations regarding future free cash flow generation, liquidity and balance sheet strength; and (viii) expectations regarding the potential receipt of contingent payments in connection with the sale of Batu Hijau. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological 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 assumptions 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 assumptions 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 assumptions noted herein. The amount of contingent payment received in the future in connection with the sale of Batu Hijau will also remain subject to risks and uncertainties, including copper prices and future production and development at Batu Hijau and Elang. 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, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks, community relations, conflict resolution and outcome of projects or oppositions and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2016 Annual Report on Form 10-K, filed on February 21, 2017, with the Securities and Exchange Commission (SEC), and as well as the Company’s other SEC filings. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
Investors are reminded that this news release should be read in conjunction with Newmont’s Form 10-K expected to be filed on or about February 21, 2017 with the SEC (also available at www.newmont.com ).

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

Exhibit 99.2
Newmont Reports 2016 Reserves and Resources
DENVER--(BUSINESS WIRE)--February 21, 2017--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 resource 1 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 million 2 in 2017, with about 80 percent allocated to near-mine and brownfields and the balance allocated to greenfields programs. Geographically, the Company expects to spend about 38 percent of this amount in North America, 35 percent in South America and the remainder in Australia, Africa and other locations.
_________________

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

Gold Reserve Sensitivity
A $100 increase in gold price would result in an approximate 4 percent increase in gold reserves while a $100 decrease in gold price would result in an approximate 6 percent decrease in gold reserves. These sensitivities assume an oil price of $55 per barrel (WTI) and an Australian dollar exchange rate of $0.75.
For additional details on Newmont’s reported Gold, Copper and Silver Mineral Reserves and Resources, please refer to the tables at the end of this release.

Key Assumptions:	
 	 	 	 		 	 	 	 	Years Ended December 31,	
									2016	 	 	2015	
												 	
				Gold Reserves (US$/oz)					$1,200			$1,200	
				Gold Resources (US$/oz)					$1,400			$1,400	
				Copper Reserves (US$/lb)					$2.50			$2.75	
				Copper Resources (US$/lb)					$3.00			$3.50	
				Australian Dollar (A$:US$)					$0.75			$0.80	
				West Texas Intermediate (US$/bbl)					$55			$75	
												 	
Reserve and Resource Tables
Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determine economic feasibility. Metal price assumptions follow SEC guidance not to exceed a three year trailing average. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables included in this release list the average metallurgical recovery rate for each deposit, which takes into account the assumed processing methods. The cut-off grade, or lowest grade of material considered economic to process, varies with material type, price, metallurgical recoveries, operating costs and co- or by-product credits. The Proven and Probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold and copper will be realized. Ounces of gold and silver or pounds of copper included in the Proven and Probable reserves are those contained prior to losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold or copper, as well as increased production costs or reduced metallurgical recovery rates, could render certain Proven and Probable reserves containing relatively lower grades of mineralization uneconomic to exploit and might result in a reduction of reserves.

The Measured, Indicated, and Inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A “Mineral Resource” is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade, or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. Ounces of gold and silver or pounds of copper included in the Measured, Indicated and Inferred resources are those contained prior to losses during metallurgical treatment. Market fluctuations in the price of gold and copper, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources. Please refer to the reserves and resources cautionary statement at the end of the release.
We publish reserves and resources annually, and will recalculate reserves and resources at year-end 2017, taking into account metal prices, changes, if any, in future production and capital costs, mine designs, model changes, divestments and depletion as well as any acquisitions and additions during 2017.

Attributable Proven, Probable, and Combined Gold Reserves (1) , U.S. Units	
December 31, 2016	 	December 31, 2015	
	 		 	Proven Reserves	 	Probable Reserves	 	Proven and Probable Reserves	 	Metallurgical
Recovery (3)		Proven + Probable Reserves	
Deposits/Districts by Reporting Unit		Newmont		Tonnage (2)	 	Grade	 	Gold (3)		Tonnage (2)	 	Grade	 	Gold (3)		Tonnage (2)	 	Grade	 	Gold (3)				Tonnage (2)	 	Grade	 	Gold (3)	
 	 	Share (23)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	 	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	
North America																													
Carlin Open Pits (4)		100	%		67,900		0.058		3,960		187,400		0.024		4,540		255,300		0.033		8,500		63	%		258,300		0.036		9,350	
Carlin Stockpiles (5)		100	%		21,200		0.063		1,330		-		-		-		21,200		0.063		1,330		81	%		22,800		0.059		1,330	
Carlin Underground (6)		100	%		12,000		0.299		3,580		6,600		0.240		1,590		18,600		0.278		5,170		85	%		23,000		0.266		6,100	
Total Carlin, Nevada				101,100		0.088		8,870		194,000		0.032		6,130		295,100		0.051		15,000		72	%		304,100		0.055		16,780	
Phoenix (7)		100	%		4,800		0.025		120		251,800		0.017		4,220		256,600		0.017		4,340		76	%		291,500		0.017		5,100	
Lone Tree (8)		100	%		2,600		0.007		20		1,200		0.020		20		3,800		0.011		40		57	%		3,700		0.007		30	
Total Phoenix, Nevada				7,400		0.019		140		253,000		0.017		4,240		260,400		0.017		4,380		76	%		295,200		0.017		5,130	
Turquoise Ridge (9)		25	%		1,500		0.453		710		1,400		0.458		630		2,900		0.455		1,340		92	%		3,100		0.446		1,400	
Twin Creeks (10)		100	%		3,700		0.046		180		26,200		0.054		1,410		29,900		0.053		1,590		77	%		32,100		0.054		1,740	
Twin Creeks Stockpiles (5)		100	%		32,000		0.063		2,000		-		-		-		32,000		0.063		2,000		74	%		35,600		0.064		2,280	
Total Twin Creeks, Nevada				37,200		0.078		2,890		27,600		0.074		2,040		64,800		0.076		4,930		80	%		70,800		0.077		5,420	
Long Canyon, Nevada (11)		100	%		-		-		-		19,200		0.061		1,170		19,200		0.061		1,170		76	%		18,000		0.067		1,200	
CC&V (12)		100	%		72,500		0.022		1,560		17,900		0.017		310		90,400		0.021		1,870		62	%		100,800		0.024		2,440	
CC&V Leach Pad (13)		100	%		-		-		-		48,500		0.025		1,210		48,500		0.025		1,210		57	%		46,000		0.025		1,160	
CC&V Stockpiles (5)		100	%		2,800		0.112		310		-		-		-		2,800		0.112		310		70	%		2,700		0.084		230	
Total CC&V, Colorado	 	 	 	75,300	 	0.025	 	1,870	 	66,400	 	0.023	 	1,520	 	141,700	 	0.024	 	3,390	 	61	%	 	149,500	 	0.026	 	3,830	
TOTAL NORTH AMERICA	 	 	 	221,000	 	0.062	 	13,770	 	560,200	 	0.027	 	15,100	 	781,200	 	0.037	 	28,870	 	73	%	 	837,600	 	0.039	 	32,360	
South America																													
Yanacocha Open Pits (14)		51.35	%		17,900		0.018		310		81,400		0.018		1,500		99,300		0.018		1,810		69	%		113,200		0.017		1,940	
Yanacocha Leach Pad (13)		51.35	%		8,600		0.020		170		-		-		-		8,600		0.020		170		67	%		12,600		0.019		240	
Yanacocha Stockpiles (5)		51.35	%		5,800		0.044		260		-		-		-		5,800		0.044		260		63	%		7,800		0.052		410	
Total Yanacocha, Peru				32,300		0.023		740		81,400		0.018		1,500		113,700		0.020		2,240		69	%		133,600		0.019		2,590	
Merian, Suriname (15)	 	75	%	 	-	 	-	 	-	 	116,800	 	0.037	 	4,290	 	116,800	 	0.037	 	4,290	 	93	%	 	110,600	 	0.035	 	3,840	
TOTAL SOUTH AMERICA	 	 	 	32,300	 	0.023	 	740	 	198,200	 	0.029	 	5,790	 	230,500	 	0.028	 	6,530	 	85	%	 	244,200	 	0.026	 	6,430	
Asia Pacific																													
Boddington Open Pit (16)		100	%		226,400		0.022		5,020		241,200		0.022		5,280		467,600		0.022		10,300		84	%		511,700		0.020		10,450	
Boddington Stockpiles (5)		100	%		15,800		0.016		250		83,800		0.013		1,090		99,600		0.013		1,340		77	%		93,400		0.014		1,280	
Total Boddington, Western Australia				242,200		0.022		5,270		325,000		0.020		6,370		567,200		0.021		11,640		83	%		605,100		0.019		11,730	
Tanami, Northern Territory (17)		100	%		6,300		0.153		960		19,300		0.182		3,520		25,600		0.175		4,480		96	%		20,500		0.168		3,460	
Kalgoorlie Open Pit and Underground (18)		50	%		9,800		0.060		580		30,400		0.064		1,950		40,200		0.063		2,530		84	%		45,200		0.059		2,650	
Kalgoorlie Stockpiles (5)		50	%		70,100		0.023		1,610		-		-		-		70,100		0.023		1,610		76	%		66,000		0.023		1,500	
Total Kalgoorlie, Western Australia	 	 	 	79,900	 	0.027	 	2,190	 	30,400	 	0.064	 	1,950	 	110,300	 	0.038	 	4,140	 	81	%	 	111,200	 	0.037	 	4,150	
TOTAL ASIA PACIFIC	 	 	 	328,400	 	0.026	 	8,420	 	374,700	 	0.032	 	11,840	 	703,100	 	0.029	 	20,260	 	86	%	 	736,800	 	0.026	 	19,340	
Africa																													
Ahafo South Open Pits (19)		100	%		13,900		0.066		920		50,600		0.051		2,580		64,500		0.054		3,500		90	%		72,800		0.054		3,950	
Ahafo Underground (20)		100	%		-		-		-		11,700		0.131		1,530		11,700		0.131		1,530		94	%		9,300		0.143		1,330	
Ahafo Stockpiles (5)		100	%		42,000		0.028		1,190		-		-		-		42,000		0.028		1,190		87	%		44,800		0.030		1,360	
Total Ahafo South, Ghana				55,900		0.038		2,110		62,300		0.066		4,110		118,200		0.053		6,220		90	%		126,900		0.052		6,640	
Ahafo North, Ghana (21)		100	%		-		-		-		47,900		0.069		3,330		47,900		0.069		3,330		91	%		36,900		0.071		2,620	
Akyem Open Pit (22)		100	%		17,200		0.049		840		43,500		0.047		2,040		60,700		0.047		2,880		89	%		67,100		0.049		3,260	
Akyem Stockpiles (5)		100	%		10,800		0.035		370		-		-		-		10,800		0.035		370		89	%		10,000		0.040		400	
Total, Akyem, Ghana	 	 	 	28,000	 	0.043	 	1,210	 	43,500	 	0.047	 	2,040	 	71,500	 	0.045	 	3,250	 	89	%	 	77,100	 	0.048	 	3,660	
TOTAL AFRICA	 	 	 	83,900	 	0.040	 	3,320	 	153,700	 	0.062	 	9,480	 	237,600	 	0.054	 	12,800	 	90	%	 	240,900	 	0.054	 	12,920	
TOTAL NEWMONT CONTINUING OPERATIONS	 	 	 	665,600	 	0.039	 	26,250	 	1,286,800	 	0.033	 	42,210	 	1,952,400	 	0.035	 	68,460	 	81	%	 	2,059,500	 	0.035	 	71,050	
Batu Hijau Open Pit (23)		48.5	%		-		-		-		-		-		-		-		-		-		0	%		134,500		0.015		2,030	
Batu Hijau Stockpiles (5)(23)	 	48.5	%	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	0	%	 	184,800	 	0.003	 	640	
TOTAL NEWMONT WORLDWIDE	 	 	 	665,600	 	0.039	 	26,250	 	1,286,800	 	0.033	 	42,210	 	1,952,400	 	0.035	 	68,460	 	81	%	 	2,378,800	 	0.031	 	73,720	

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

Attributable Proven, Probable, and Combined Gold Reserves (1) , Metric Units	
December 31, 2016	 	December 31, 2015	
	 		 	Proven Reserves	 	Probable Reserves	 	Proven and Probable Reserves	 	Metallurgical
Recovery (3)		Proven + Probable Reserves	
Deposits/Districts by Reporting Unit		Newmont		Tonnage (2)	 	Grade	 	Gold (3)		Tonnage (2)	 	Grade	 	Gold (3)		Tonnage (2)	 	Grade	 	Gold (3)				Tonnage (2)	 	Grade	 	Gold (3)	
 	 	Share (23)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	 	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	
North America																													
Carlin Open Pits		100	%		61,600		2.00		3,960		170,000		0.83		4,540		231,600		1.14		8,500		63	%		234,300		1.24		9,350	
Carlin Stockpiles (5)		100	%		19,200		2.14		1,330		-		-		-		19,200		2.14		1,330		81	%		20,700		2.01		1,330	
Carlin Underground		100	%		10,900		10.25		3,580		6,000		8.24		1,590		16,900		9.53		5,170		85	%		20,800		9.10		6,100	
Total Carlin, Nevada				91,700		3.01		8,870		176,000		1.08		6,130		267,700		1.74		15,000		72	%		275,800		1.89		16,780	
Phoenix		100	%		4,400		0.86		120		228,400		0.57		4,220		232,800		0.58		4,340		76	%		262,600		0.60		5,060	
Lone Tree		100	%		2,300		0.25		20		1,100		0.68		20		3,400		0.39		40		57	%		5,100		0.38		70	
Total Phoenix, Nevada				6,700		0.65		140		229,500		0.57		4,240		236,200		0.58		4,380		76	%		267,700		0.60		5,130	
Turquoise Ridge (9)		25	%		1,500		15.55		710		1,200		15.70		630		2,700		15.62		1,340		92	%		2,900		15.31		1,400	
Twin Creeks		100	%		3,300		1.57		180		23,800		1.85		1,410		27,100		1.82		1,590		77	%		29,000		1.86		1,740	
Twin Creeks Stockpiles (5)		100	%		29,000		2.15		2,000		-		-		-		29,000		2.15		2,000		74	%		32,300		2.19		2,280	
Total Twin Creeks, Nevada				33,800		2.66		2,890		25,000		2.54		2,040		58,800		2.61		4,930		80	%		64,200		2.62		5,420	
Long Canyon, Nevada		100	%		-		-		-		17,500		2.09		1,170		17,500		2.09		1,170		76	%		16,300		2.28		1,200	
CC&V		100	%		65,700		0.74		1,560		16,300		0.58		310		82,000		0.71		1,870		62	%		91,500		0.83		2,440	
CC&V Stockpiles (5)		100	%		2,500		3.83		310		-		-		-		2,500		3.83		310		70	%		2,500		2.88		230	
CC&V Leach Pad (13)		100	%		-		-		-		44,000		0.86		1,210		44,000		0.86		1,210		57	%		41,700		0.86		1,160	
Total CC&V, Colorado	 	 	 	68,200	 	0.85	 	1,870	 	60,300	 	0.78	 	1,520	 	128,500	 	0.82	 	3,390	 	61	%	 	135,700	 	0.88	 	3,830	
TOTAL NORTH AMERICA	 	 	 	200,400	 	2.14	 	13,770	 	508,300	 	0.92	 	15,100	 	708,700	 	1.27	 	28,870	 	73	%	 	759,700	 	1.32	 	32,360	
South America																													
Yanacocha Open Pits		51.35	%		16,200		0.60		310		73,800		0.63		1,500		90,000		0.63		1,810		69	%		102,700		0.59		1,940	
Yanacocha Stockpiles (5)		51.35	%		5,300		1.52		260		-		-		-		5,300		1.52		260		63	%		7,100		1.79		410	
Yanacocha Leach Pad (13)		51.35	%		7,800		0.68		170		-		-		-		7,800		0.68		170		67	%		11,400		0.66		240	
Total Yanacocha, Peru				29,300		0.79		740		73,800		0.63		1,500		103,100		0.68		2,240		69	%		121,200		0.67		2,590	
Merian, Suriname	 	75	%	 	-	 	-	 	-	 	106,000	 	1.26	 	4,290	 	106,000	 	1.26	 	4,290	 	93	%	 	100,300	 	1.19	 	3,840	
TOTAL SOUTH AMERICA	 	 	 	29,300	 	0.79	 	740	 	179,800	 	1.00	 	5,790	 	209,100	 	0.97	 	6,530	 	85	%	 	221,500	 	0.90	 	6,430	
Asia Pacific																													
Boddington Open Pit		100	%		205,400		0.76		5,020		218,800		0.75		5,280		424,200		0.76		10,300		84	%		464,300		0.70		10,450	
Boddington Stockpiles (5)		100	%		14,400		0.55		250		76,000		0.44		1,090		90,400		0.46		1,340		77	%		84,800		0.47		1,280	
Total Boddington, Western Australia				219,800		0.75		5,270		294,800		0.67		6,370		514,600		0.70		11,640		83	%		549,100		0.66		11,730	
Tanami, Northern Territory		100	%		5,700		5.26		960		17,500		6.23		3,520		23,200		6.00		4,480		96	%		18,700		5.76		3,460	
Kalgoorlie Open Pit and Underground		50	%		8,900		2.04		580		27,600		2.19		1,950		36,500		2.16		2,530		84	%		41,000		2.01		2,650	
Kalgoorlie Stockpiles (5)		50	%		63,600		0.79		1,610		-		-		-		63,600		0.79		1,610		76	%		59,900		0.78		1,500	
Total Kalgoorlie, Western Australia	 	 	 	72,500	 	0.94	 	2,190	 	27,600	 	2.19	 	1,950	 	100,100	 	1.29	 	4,140	 	81	%	 	100,900	 	1.28	 	4,150	
TOTAL ASIA PACIFIC	 	 	 	298,000	 	0.88	 	8,420	 	339,900	 	1.08	 	11,840	 	637,900	 	0.99	 	20,260	 	86	%	 	668,700	 	0.90	 	19,340	
Africa																													
Ahafo South Open Pits		100	%		12,600		2.25		920		45,900		1.75		2,580		58,500		1.86		3,500		90	%		66,100		1.86		3,950	
Ahafo Underground		100	%		-		-		-		10,600		4.50		1,530		10,600		4.50		1,530		94	%		8,500		4.89		1,330	
Ahafo Stockpiles (5)		100	%		38,100		0.97		1,190		-		-		-		38,100		0.97		1,190		87	%		40,600		1.04		1,360	
Total Ahafo South, Ghana				50,700		1.29		2,110		56,500		2.27		4,110		107,200		1.80		6,220		90	%		115,200		1.79		6,640	
Ahafo North, Ghana		100	%		-		-		-		43,500		2.38		3,330		43,500		2.38		3,330		91	%		33,500		2.44		2,620	
Akyem Open Pit		100	%		15,600		1.68		840		39,400		1.61		2,040		55,000		1.63		2,880		89	%		60,800		1.67		3,260	
Akyem Stockpiles (5)		100	%		9,800		1.19		370		-		-		-		9,800		1.19		370		89	%		9,100		1.39		400	
Total, Akyem, Ghana	 	 	 	25,400	 	1.49	 	1,210	 	39,400	 	1.61	 	2,040	 	64,800	 	1.56	 	3,250	 	89	%	 	69,900	 	1.63	 	3,660	
TOTAL AFRICA	 	 	 	76,100	 	1.36	 	3,320	 	139,400	 	2.12	 	9,480	 	215,500	 	1.85	 	12,800	 	90	%	 	218,600	 	1.84	 	12,920	
TOTAL NEWMONT CONTINUING OPERATIONS	 	 	 	603,800	 	1.35	 	26,250	 	1,167,400	 	1.12	 	42,210	 	1,771,200	 	1.20	 	68,460	 	81	%	 	1,868,500	 	1.18	 	71,050	
Batu Hijau Open Pit (23)		48.5	%		-		-		-		-		-		-		-		-		-		0	%		122,100		0.52		2,030	
Batu Hijau Stockpiles (5)(23)	 	48.5	%	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	0	%	 	167,700	 	0.12	 	640	
TOTAL NEWMONT WORLDWIDE	 	 	 	603,800	 	1.35	 	26,250	 	1,167,400	 	1.12	 	42,210	 	1,771,200	 	1.20	 	68,460	 	81	%	 	2,158,300	 	1.06	 	73,720	
See Footnotes under Gold Reserves U.S. units table. Note that cut off grades in such footnotes are represented in U.S. units

 	
 	
Attributable Gold Mineral Resources (1)(2) - December 31, 2016, U.S. Units	
	 		 	Gold Measured Resource	 	Gold Indicated Resource	 	Gold Measured + Indicated Resource (3)	 	Gold Inferred Resource	
Deposits/Districts		Newmont Share		Tonnage	 	Grade	 	Au		Tonnage	 	Grade	 	Au		Tonnage	 	Grade	 	Au		Tonnage	 	Grade	 	Au	
 	 	 	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	
North America																											
Carlin Trend Open Pit		100	%		33,800		0.049		1,670		66,500		0.029		1,950		100,300		0.036		3,620		13,900		0.027		380	
Carlin Trend Underground		100	%		900		0.201		180		2,300		0.231		540		3,200		0.223		720		3,300		0.235		780	
Total Carlin, Nevada				34,700		0.053		1,850		68,800		0.036		2,490		103,500		0.042		4,340		17,200		0.067		1,160	
Phoenix		100	%		700		0.015		10		177,400		0.014		2,410		178,100		0.014		2,420		58,500		0.012		680	
Phoenix Stockpiles (4)		100	%		-		-		-		-		-		-		-		-		-		2,300		0.043		100	
Lone Tree Complex		100	%		-		-		-		-		-		-		-		-		-		-		-		-	
Buffalo Valley		70	%		-		-		-		15,500		0.019		290		15,500		0.019		290		400		0.011		-	
Total Phoenix, Nevada				700		0.015		10		192,900		0.014		2,700		193,600		0.014		2,710		61,200		0.013		780	
Twin Creeks		100	%		1,100		0.072		80		30,500		0.062		1,890		31,600		0.062		1,970		16,700		0.043		720	
Twin Creeks Stockpiles (4)		100	%		7,700		0.059		460		-		-		-		7,700		0.059		460		-		-		-	
Sandman		100	%		-		-		-		1,300		0.036		50		1,300		0.036		50		1,100		0.054		60	
Turquoise Ridge (5)		25	%		900		0.479		420		500		0.435		220		1,400		0.463		640		500		0.487		230	
Total Twin Creeks, Nevada				9,700		0.098		960		32,300		0.067		2,160		42,000		0.074		3,120		18,300		0.056		1,010	
Long Canyon, Nevada		100	%		600		0.112		60		15,400		0.102		1,580		16,000		0.103		1,640		7,100		0.054		380	
CC&V, Colorado	 	100	%	 	84,000	 	0.018	 	1,470	 	43,200	 	0.016	 	710	 	127,200	 	0.017	 	2,180	 	23,700	 	0.015	 	350	
TOTAL NORTH AMERICA	 	 	 	129,700	 	0.034	 	4,350	 	352,600	 	0.027	 	9,640	 	482,300	 	0.029	 	13,990	 	127,500	 	0.029	 	3,680	
South America																											
Conga, Peru		51.35	%		-		-		-		392,700		0.019		7,490		392,700		0.019		7,490		130,500		0.011		1,480	
Yanacocha, Peru		51.35	%		6,300		0.013		80		64,800		0.025		1,620		71,100		0.024		1,700		99,000		0.030		3,000	
Merian, Suriname	 	75	%	 	1,500	 	0.039	 	60	 	19,800	 	0.032	 	630	 	21,300	 	0.032	 	690	 	40,400	 	0.032	 	1,300	
TOTAL SOUTH AMERICA	 	 	 	7,800	 	0.018	 	140	 	477,300	 	0.020	 	9,740	 	485,100	 	0.020	 	9,880	 	269,900	 	0.021	 	5,780	
Asia Pacific																											
Boddington, Western Australia		100	%		119,700		0.014		1,690		270,700		0.015		4,140		390,400		0.015		5,830		8,300		0.017		140	
Tanami, Northern Territory		100	%		-		0.039		-		2,800		0.161		460		2,800		0.161		460		3,500		0.171		610	
Kalgoorlie, Western Australia	 	50	%	 	3,500	 	0.020	 	70	 	12,100	 	0.028	 	330	 	15,600	 	0.026	 	400	 	600	 	0.072	 	40	
TOTAL ASIA PACIFIC	 	 	 	123,200	 	0.014	 	1,760	 	285,600	 	0.017	 	4,930	 	408,800	 	0.016	 	6,690	 	12,400	 	0.064	 	790	
Africa																											
Ahafo		100	%		1,200		0.017		20		32,200		0.035		1,140		33,400		0.035		1,160		16,900		0.047		790	
Ahafo Underground		100	%		-		-		-		8,600		0.124		1,070		8,600		0.124		1,070		13,900		0.114		1,580	
Total Ahafo, Ghana				1,200		0.017		20		40,800		0.054		2,210		42,000		0.053		2,230		30,800		0.077		2,370	
Ahafo North, Ghana		100	%		2,600		0.034		90		7,800		0.050		390		10,400		0.046		480		11,100		0.052		570	
Akyem, Ghana	 	100	%	 	1,100	 	0.047	 	50	 	9,200	 	0.033	 	300	 	10,300	 	0.034	 	350	 	18,100	 	0.044	 	810	
TOTAL AFRICA	 	 	 	4,900	 	0.032	 	160	 	57,800	 	0.050	 	2,900	 	62,700	 	0.049	 	3,060	 	60,000	 	0.062	 	3,750	
TOTAL NEWMONT WORLDWIDE	 	 	 	265,600	 	0.024	 	6,410	 	1,173,300	 	0.023	 	27,210	 	1,438,900	 	0.023	 	33,620	 	469,800	 	0.030	 	14,000	

(1)	 	Resources are reported exclusive of reserves.	
(2)		Resources are calculated at a gold price of $1,400 or A$1,750 per ounce for 2016 and $1,400 or A$1,650 per ounce for 2015. Tonnage amounts have been rounded to the nearest 100,000, and ounces have been rounded to the nearest 10,000.	
(3)		Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s 10-K filing.	
(4)		Stockpiles are comprised primarily of mineralized material that has been set aside during mining activities. Stockpiles can increase or decrease depending on changes in metal prices and other mining and processing cost and recovery factors. Stockpile reserves are reported separately where tonnage exceeds 100,000 and is greater than 5% of the total site-reported resources.	
(5)		Resource estimates provided by Barrick, the operator of the Turquoise Ridge Joint Venture.	

Attributable Gold Mineral Resources (1)(2) - December 31, 2016, Metric units	
	 		 	Gold Measured Resource	 	Gold Indicated Resource	 	Gold Measured + Indicated Resource (3)	 	Gold Inferred Resource	
Deposits/Districts		Newmont Share		Tonnage	 	Grade	 	Au		Tonnage	 	Grade	 	Au		Tonnage	 	Grade	 	Au		Tonnage	 	Grade	 	Au	
 	 	 	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	
North America																											
Carlin Trend Open Pit		100	%		30,700		1.69		1,670		60,300		1.01		1,950		91,000		1.24		3,620		12,600		0.93		380	
Carlin Trend Underground		100	%		800		6.90		180		2,100		7.93		540		2,900		7.64		720		3,000		8.05		780	
Total Carlin, Nevada				31,500		1.82		1,850		62,400		1.24		2,490		93,900		1.44		4,340		15,600		2.29		1,160	
Phoenix		100	%		700		0.52		10		160,900		0.47		2,410		161,600		0.47		2,420		53,000		0.39		680	
Phoenix Stockpiles (4)		100	%		-		-		-		-		-		-		-		-		-		2,100		1.48		100	
Lone Tree Complex		100	%		-		-		-		-		-		-		-		-		-		-		-		-	
Buffalo Valley		70	%		-		-		-		14,100		0.65		290		14,100		0.65		290		400		0.38		-	
Total Phoenix, Nevada				700		0.52		10		175,000		0.48		2,700		175,700		0.48		2,710		55,500		0.44		780	
Twin Creeks		100	%		1,000		2.48		80		27,600		2.12		1,890		28,600		2.14		1,970		15,100		1.49		720	
Twin Creeks Stockpiles (4)		100	%		7,000		2.02		460		-		-		-		7,000		2.02		460		-		-		-	
Sandman		100	%		-		-		-		1,200		1.23		50		1,200		1.23		50		1,000		1.85		60	
Turquoise Ridge (5)		25	%		800		16.43		420		500		14.90		220		1,300		15.86		640		400		16.68		230	
Total Twin Creeks, Nevada				8,800		3.37		960		29,300		2.29		2,160		38,100		2.54		3,120		16,500		1.91		1,010	
Long Canyon, Nevada		100	%		500		3.84		60		14,000		3.50		1,580		14,500		3.52		1,640		6,400		1.86		380	
CC&V,Colorado	 	100	%	 	76,100	 	0.60	 	1,470	 	39,200	 	0.56	 	710	 	115,300	 	0.59	 	2,180	 	21,600	 	0.50	 	350	
TOTAL NORTH AMERICA	 	 	 	117,600	 	1.15	 	4,350	 	319,900	 	0.94	 	9,640	 	437,500	 	0.99	 	13,990	 	115,600	 	0.99	 	3,680	
South America																											
Conga, Peru		51.35	%		-		-		-		356,300		0.65		7,490		356,300		0.65		7,490		118,400		0.39		1,480	
Yanacocha, Peru		51.35	%		5,700		0.45		80		58,800		0.86		1,620		64,500		0.82		1,700		89,800		1.04		3,000	
Merian, Suriname	 	75	%	 	1,400	 	1.34	 	60	 	17,900	 	1.09	 	630	 	19,300	 	1.11	 	690	 	36,700	 	1.10	 	1,300	
TOTAL SOUTH AMERICA	 	 	 	7,100	 	0.62	 	140	 	433,000	 	0.70	 	9,740	 	440,100	 	0.70	 	9,880	 	244,900	 	0.73	 	5,780	
Asia Pacific																											
Boddington, Western Australia		100	%		108,700		0.48		1,690		245,500		0.53		4,140		354,200		0.51		5,830		7,500		0.58		140	
Tanami, Northern Territory		100	%		-		1.32		-		2,600		5.53		460		2,600		5.53		460		3,200		5.85		610	
Kalgoorlie, Western Australia	 	50	%	 	3,100	 	0.67	 	70	 	11,000	 	0.95	 	330	 	14,100	 	0.89	 	400	 	600	 	2.47	 	40	
TOTAL ASIA PACIFIC	 	 	 	111,800	 	0.49	 	1,760	 	259,100	 	0.59	 	4,930	 	370,900	 	0.56	 	6,690	 	11,300	 	2.18	 	790	
Africa																											
Ahafo		100	%		1,200		0.59		20		29,200		1.22		1,140		30,400		1.19		1,160		15,300		1.60		790	
Ahafo Underground		100	%		-		-		-		7,800		4.26		1,070		7,800		4.26		1,070		12,600		3.90		1,580	
Total Ahafo, Ghana				1,200		0.59		20		37,000		1.86		2,210		38,200		1.82		2,230		27,900		2.64		2,370	
Ahafo North, Ghana		100	%		2,300		1.16		90		7,100		1.73		390		9,400		1.59		480		10,000		1.78		570	
Akyem, Ghana	 	100	%	 	1,000	 	1.61	 	50	 	8,300	 	1.12	 	300	 	9,300	 	1.17	 	350	 	16,500	 	1.52	 	810	
TOTAL AFRICA	 	 	 	4,500	 	1.11	 	160	 	52,400	 	1.72	 	2,900	 	56,900	 	1.68	 	3,060	 	54,400	 	2.14	 	3,750	
TOTAL NEWMONT WORLDWIDE	 	 	 	241,000	 	0.83	 	6,410	 	1,064,400	 	0.80	 	27,210	 	1,305,400	 	0.80	 	33,620	 	426,200	 	1.02	 	14,000	
See footnotes in Gold Resources U.S. units table.

 	
 	
Attributable Copper Reserves (1) U.S. Units	
December 31, 2016	 	 	 	December 31, 2015	
	 		 	Proven Reserves	 	Probable Reserves	 	Proven + Probable Reserves		 		Proven + Probable Reserve	
Deposits/Districts		Newmont Share		Tonnage (2)	 	Grade	 	Copper (3)		Tonnage (2)	 	Grade	 	Copper (3)		Tonnage (2)	 	Grade	 	Copper (3)		Metallurgical		Tonnage (2)	 	Grade	 	Copper (3)	
 	 	 	 	(x1000 tons)	 	(Cu%)	 	(million pounds)	 	(x1000 tons)	 	(Cu%)	 	(million pounds)	 	(x1000 tons)	 	(Cu%)	 	(million pounds)	 	Recovery (3)	 	(x1000 tons)	 	(Cu%)	 	(million pounds)	
North America																													
Phoenix, Nevada (4)	 	100	%	 	19,100	 	0.21	%	 	80	 	376,400	 	0.16	%	 	1,180	 	395,500	 	0.16	%	 	1,260	 	62	%	 	527,400	 	0.17	%	 	1,750	
TOTAL NORTH AMERICA	 	 	 	19,100	 	0.21	%	 	80	 	376,400	 	0.16	%	 	1,180	 	395,500	 	0.16	%	 	1,260	 	62	%	 	527,400	 	0.17	%	 	1,750	
Asia Pacific																													
Boddington Open Pit, Western Australia (5)		100	%		226,400		0.11	%		480		241,200		0.12	%		580		467,600		0.11	%		1,060		79	%		511,700		0.11	%		1,160	
Boddington Stockpiles, Western Australia (6)	 	100	%	 	15,800	 	0.09	%	 	30	 	83,800	 	0.08	%	 	140	 	99,600	 	0.09	%	 	170	 	72	%	 	93,400	 	0.08	%	 	150	
TOTAL ASIA PACIFIC	 	 	 	242,200	 	0.10	%	 	510	 	325,000	 	0.11	%	 	720	 	567,200	 	0.11	%	 	1,230	 	78	%	 	605,100	 	0.11	%	 	1,310	
TOTAL NEWMONT CONTINUING OPERATIONS	 	 	 	261,300	 	0.11	%	 	590	 	701,400	 	0.14	%	 	1,900	 	962,700	 	0.13	%	 	2,490	 	70	%	 	1,132,500	 	0.14	%	 	3,060	
Batu Hijau Open Pit, Indonesia (7)		48.5	%		-		0.00	%		-		-		0.00	%		-		-		0.00	%		-		0	%		134,500		0.50	%		1,340	
Batu Hijau Stockpiles, Indonesia (6)(7)	 	48.5	%	 	-	 	0.00	%	 	-	 	-	 	0.00	%	 	-	 	-	 	0.00	%	 	-	 	0	%	 	184,800	 	0.34	%	 	1,270	
TOTAL NEWMONT WORLDWIDE	 	 	 	261,300	 	0.11	%	 	590	 	701,400	 	0.14	%	 	1,900	 	962,700	 	0.13	%	 	2,490	 	70	%	 	1,451,800	 	0.20	%	 	5,670	

(1)	 	See footnote (1) to the Gold Reserves table above. Copper reserves for 2016 were calculated at a copper price of $2.50 or A$3.35 per pound. Copper reserves for 2015 were calculated at a copper price of $2.75 or A$3.45 per pound unless otherwise noted.	
(2)		See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.	
(3)		See footnote (3) to the Gold Reserves table above. Pounds are rounded to the nearest 10 million.	
(4)		Copper cut-off grade varies with level of gold and silver credits.	
(5)		Copper cut-off grade varies with level of gold credits.	
(6)		Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpiles are reported separately where pounds exceed 100 million and are greater than 5% of the total site reported reserves.	
(7)		Newmont divested its interest in the Batu Hijau mine on November 2, 2016. As such, Newmont share percentage was zero as of December 31, 2016. The percentage figure above for Batu Hijau represents Newmont interest as of December 31, 2015 of 48.5%.	

Attributable Copper Reserves (1) Metric Units	
December 31, 2016	 	 	 	December 31, 2015	
	 		 	Proven Reserves	 	Probable Reserves	 	Proven + Probable Reserves		 		Proven + Probable Reserve	
Deposits/Districts		Newmont Share		Tonnage (2)	 	Grade	 	Copper (3)		Tonnage (2)	 	Grade	 	Copper (3)		Tonnage (2)	 	Grade	 	Copper (3)		Metallurgical		Tonnage (2)	 	Grade	 	Copper (3)	
 	 	 	 	(x1000 tonnes)	 	(Cu%)	 	(Tonnes)	 	(x1000 tonnes)	 	(Cu%)	 	(Tonnes)	 	(x1000 tonnes)	 	(Cu%)	 	(Tonnes)	 	Recovery	 	(x1000 tonnes)	 	(Cu%)	 	(Tonnes)	
North America																													
Phoenix, Nevada	 	100	%	 	17,200	 	0.21	%	 	36,980	 	341,500	 	0.16	%	 	535,480	 	358,700	 	0.16	%	 	572,460	 	62	%	 	478,400	 	0.17	%	 	796,480	
TOTAL NORTH AMERICA	 	 	 	17,200	 	0.21	%	 	36,980	 	341,500	 	0.16	%	 	535,480	 	358,700	 	0.16	%	 	572,460	 	62	%	 	478,400	 	0.17	%	 	796,480	
Asia Pacific																													
Boddington Open Pit, Western Australia		100	%		205,400		0.11	%		216,720		218,800		0.12	%		263,710		424,200		0.11	%		480,430		79	%		464,300		0.11	%		523,670	
Boddington Stockpiles, Western Australia (6)	 	100	%	 	14,400	 	0.09	%	 	12,650	 	76,000	 	0.08	%	 	64,530	 	90,400	 	0.09	%	 	77,180	 	72	%	 	84,800	 	0.08	%	 	71,380	
TOTAL ASIA PACIFIC	 	 	 	219,800	 	0.10	%	 	229,370	 	294,800	 	0.11	%	 	328,240	 	514,600	 	0.11	%	 	557,610	 	78	%	 	549,100	 	0.11	%	 	595,050	
TOTAL NEWMONT CONTINUING OPERATIONS	 	 	 	237,000	 	0.11	%	 	266,350	 	636,300	 	0.14	%	 	863,720	 	873,300	 	0.13	%	 	1,130,070	 	70	%	 	1,027,500	 	0.14	%	 	1,391,530	
Batu Hijau Open Pit, Indonesia (7)		48.5	%		-		0.00	%		-		-		0.00	%		-		-		0.00	%		-		0	%		122,100		0.50	%		606,500	
Batu Hijau Stockpiles, Indonesia (6)(7)	 	48.5	%	 	-	 	0.00	%	 	-	 	-	 	0.00	%	 	-	 	-	 	0.00	%	 	-	 	0	%	 	167,700	 	0.34	%	 	576,300	
TOTAL NEWMONT WORLDWIDE	 	 	 	237,000	 	0.11	%	 	266,350	 	636,300	 	0.14	%	 	863,720	 	873,300	 	0.13	%	 	1,130,070	 	70	%	 	1,317,300	 	0.20	%	 	2,574,330	
See footnotes under Copper Reserves U.S. units table.

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

(1)	 	Resources are reported exclusive of reserves. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s Form 10-K filing.	
(2)		Resources are calculated at a copper price of $3.00 or A$3.75 per pound for 2016 and at a copper price of $3.50 or A$4.15 per pound for 2015 unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000, and pounds have been rounded to the nearest 10 million.	

Attributable Copper Mineral Resources (1)(2) Metric Units	
December 31, 2016	
	 		 	Measured Resources	 	Indicated Resources	 	Measured + Indicated Resources	 	Inferred Resources	
Deposits/Districts		Newmont Share		Tonnage	 	Grade	 	Copper		Tonnage	 	Grade	 	Copper		Tonnage	 	Grade	 	Copper		Tonnage	 	Grade	 	Copper	
 	 	 	 	(x1000 tonnes)	 	(Cu%)	 	(tonnes)	 	(x1000 tonnes)	 	(Cu%)	 	(tonnes)	 	(x1000 tonnes)	 	(Cu%)	 	(tonnes)	 	(x1000 tonnes)	 	(Cu%)	 	(tonnes)	
North America																											
Phoenix, Nevada	 	100	%	 	600	 	0.10	%	 	680	 	232,500	 	0.13	%	 	301,880	 	233,100	 	0.13	%	 	302,560	 	79,000	 	0.14	%	 	112,560	
TOTAL NORTH AMERICA	 	 	 	600	 	0.10	%	 	680	 	232,500	 	0.13	%	 	301,880	 	233,100	 	0.13	%	 	302,560	 	79,000	 	0.14	%	 	112,560	
South America																											
Conga, Peru		51.35	%		-		0.00	%		-		356,300		0.26	%		924,370		356,300		0.26	%		924,370		118,400		0.19	%		221,040	
Yanacocha, Peru	 	51.35	%	 	-	 	0.00	%	 	-	 	51,700	 	0.67	%	 	344,000	 	51,700	 	0.67	%	 	344,000	 	5,200	 	0.35	%	 	18,130	
TOTAL SOUTH AMERICA	 	 	 	-	 	0.00	%	 	-	 	408,000	 	0.31	%	 	1,268,370	 	408,000	 	0.31	%	 	1,268,370	 	123,600	 	0.19	%	 	239,170	
Asia Pacific																											
Boddington, Western Australia	 	100	%	 	108,700	 	0.09	%	 	100,180	 	245,500	 	0.11	%	 	268,600	 	354,200	 	0.10	%	 	368,780	 	7,500	 	0.10	%	 	7,690	
TOTAL ASIA PACIFIC	 	 	 	108,700	 	0.09	%	 	100,180	 	245,500	 	0.11	%	 	268,600	 	354,200	 	0.10	%	 	368,780	 	7,500	 	0.10	%	 	7,690	
TOTAL NEWMONT WORLDWIDE	 	 	 	109,300	 	0.09	%	 	100,860	 	886,000	 	0.21	%	 	1,838,850	 	995,300	 	0.19	%	 	1,939,710	 	210,100	 	0.17	%	 	359,420	
See footnotes under Copper Resources U.S. units table.

	 		 		 		 		 		 		 		 		 		 		 		 		 		 		
Attributable Proven, Probable, and Combined Silver Reserves (1) U.S. Units	
December 31, 2016		December 31, 2015	
				Proven Reserves		Probable Reserves		Proven and Probable
Reserves		Metallurgical
Recovery (3)		Proven and Probable
Reserves	
Deposits/Districts by Reporting Unit		Newmont Share		Tonnage (2)		Grade		Silver (3)		Tonnage (2)		Grade		Silver (3)		Tonnage (2)		Grade		Silver (3)				Tonnage (2)		Grade		Silver (3)	
 	 	 	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	 	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	
North America																													
Phoenix, Nevada	 	100	%	 	4,800	 	0.29	 	1,390	 	251,800	 	0.24	 	59,520	 	256,600	 	0.24	 	60,910	 	38	%	 	289,500	 	0.25		73,510	
TOTAL NORTH AMERICA	 	 	 	4,800	 	0.29	 	1,390	 	251,800	 	0.24	 	59,520	 	256,600	 	0.24	 	60,910	 	38	%	 	289,500	 	0.25		73,510	
South America																													
Yanacocha Open Pits		51.35	%		17,900		0.21		3,680		29,000		0.22		6,350		46,900		0.21		10,030		16	%		63,800		0.20		12,480	
Yanacocha Leach Pad (4)		51.35	%		-		-		-		50,500		0.25		12,390		50,500		0.25		12,390		6	%		45,000		0.24		10,600	
Yanacocha Stockpiles (5)	 	51.35	%	 	5,500	 	1.10	 	5,990	 	-	 	-	 	-	 	5,500	 	1.10	 	5,990	 	20	%	 	7,800	 	0.99		7,720	
TOTAL SOUTH AMERICA	 	 	 	23,400	 	0.41	 	9,670	 	79,500	 	0.24	 	18,740	 	102,900	 	0.28	 	28,410	 	12	%	 	116,600	 	0.26		30,800	
TOTAL NEWMONT CONTINUING OPERATIONS	 	 	 	28,200	 	0.39	 	11,060	 	331,300	 	0.24	 	78,260	 	359,500	 	0.25	 	89,320	 	30	%	 	406,100	 	0.26	 	104,310	
Batu Hijau Open Pit (6)		48.5	%		-		-		-		-		-		-		-		-		-		0	%		134,500		0.04		5,800	
Batu Hijau Stockpiles (5)(6)	 	48.5	%	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	0	%	 	184,800	 	0.02	 	3,160	
TOTAL NEWMONT WORLDWIDE	 	 	 	28,200	 	0.39	 	11,060	 	331,300	 	0.24	 	78,260	 	359,500	 	0.25	 	89,320	 	30	%	 	725,400	 	0.16	 	113,270	

(1)	 	See footnote (1) to the Gold Reserves table above. Silver reserves for 2016 were calculated at a silver price of $17. Silver reserves for 2015 were calculated at a silver price of $19.	
(2)		See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.	
(3)		See footnote (3) to the Gold Reserves table above.	
(4)		Leach Pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process material reserves are reported separately where tonnage or ounces are greater than 5% of the total site-reported reserves and ounces are greater than 100,000.	
(5)		Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.	
(6)		Newmont divested its interest in the Batu Hijau mine on November 2, 2016. As such, Newmont share percentage was zero as of December 31, 2016. The percentage figure above for Batu Hijau represent Newmont interest as of December 31, 2015 of 48.5%.	

Attributable Proven, Probable, and Combined Silver Reserves (1) Metric Units	
December 31, 2016	 	December 31, 2015	
	 		 	Proven Reserves	 	Probable Reserves	 	Proven and Probable
Reserves	 	Metallurgical
Recovery (3)		Proven and Probable
Reserves	
Deposits/Districts by Reporting Unit		Newmont Share		Tonnage (2)	 	Grade	 	Silver (3)		Tonnage (2)	 	Grade	 	Silver (3)		Tonnage (2)	 	Grade	 	Silver (3)				Tonnage (2)	 	Grade	 	Silver (3)	
 	 	 	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	 	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	
North America																													
Phoenix, Nevada	 	100	%	 	4,400	 	9.8	 	1,390	 	228,400	 	8.1	 	59,520	 	232,800	 	8.1	 	60,910	 	38	%	 	262,600	 	8.7	 	73,510	
TOTAL NORTH AMERICA	 	 	 	4,400	 	9.8	 	1,390	 	228,400	 	8.1	 	59,520	 	232,800	 	8.1	 	60,910	 	38	%	 	262,600	 	8.7	 	73,510	
South America																													
Yanacocha Open Pits, Peru		51.35	%		16,200		7.0		3,680		26,300		7.5		6,350		42,500		7.3		10,030		16	%		57,900		6.7		12,480	
Yanacocha Leach Pad, Peru (4)		51.35	%		-		-		-		45,800		8.4		12,390		45,800		8.4		12,390		6	%		40,800		8.1		10,600	
Yanacocha Stockpiles, Peru (5)	 	51.35	%	 	5,000	 	37.6	 	5,990	 	-	 	-	 	-	 	5,000	 	37.6	 	5,990	 	20	%	 	7,100	 	33.8	 	7,720	
TOTAL SOUTH AMERICA	 	 	 	21,200	 	14.2	 	9,670	 	72,100	 	8.1	 	18,740	 	93,300	 	9.5	 	28,410	 	12	%	 	105,800	 	9.1	 	30,800	
TOTAL NEWMONT CONTINUING OPERATIONS	 	 	 	25,600	 	13.4	 	11,060	 	300,500	 	8.1	 	78,260	 	326,100	 	8.5	 	89,320	 	30	%	 	368,400	 	8.8	 	104,310	
Batu Hijau Open Pit, Indonesia (6)		48.5	%		-		-		-		-		-		-		-		-		-		0	%		122,100		1.5		5,800	
Batu Hijau Stockpiles, Indonesia (5)(6)	 	48.5	%	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	-	 	0	%	 	167,700	 	0.6	 	3,160	
TOTAL NEWMONT WORLDWIDE	 	 	 	25,600	 	13.4	 	11,060	 	300,500	 	8.1	 	78,260	 	326,100	 	8.5	 	89,320	 	30	%	 	658,200	 	5.4	 	113,270	
See Footnotes under Silver Reserves U.S. units table.

Attributable Silver Mineral Resources (1)(2) U.S. Units	
December 31, 2016	
	 		 	Measured Resources	 	Indicated Resources	 	Measured + Indicated Resources	 	Inferred Resources	
Deposits/Districts		Newmont Share		Tonnage	 	Grade	 	Ag		Tonnage	 	Grade	 	Ag		Tonnage	 	Grade	 	Ag		Tonnage	 	Grade	 	Ag	
 	 	 	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	 	(x1000 tons)	 	(oz/ton)	 	(x1000 ozs)	
North America																											
Sandman, Nevada		100	%		-		-		-		1,300		0.20		260		1,300		0.20		260		1,100		0.12		140	
Phoenix, Nevada	 	100	%	 	700	 	0.20	 	150	 	177,400	 	0.21	 	37,310	 	178,100	 	0.21	 	37,460	 	60,800	 	0.23	 	13,710	
TOTAL NORTH AMERICA	 	 	 	700	 	0.20	 	150	 	178,700	 	0.21	 	37,570	 	179,400	 	0.21	 	37,720	 	61,900	 	0.22	 	13,850	
South America																											
Conga, Peru		51.35	%		-		-		-		392,700		0.06		23,580		392,700		0.06		23,580		99,100		0.03		3,250	
Yanacocha, Peru	 	51.35	%	 	6,300	 	0.16	 	1,020	 	57,500	 	0.58	 	33,170	 	63,800	 	0.54	 	34,190	 	3,300	 	0.34	 	1,140	
TOTAL SOUTH AMERICA	 	 	 	6,300	 	0.16	 	1,020	 	450,200	 	0.13	 	56,750	 	456,500	 	0.13	 	57,770	 	102,400	 	0.04	 	4,390	
TOTAL NEWMONT WORLDWIDE	 	 	 	7,000	 	0.17	 	1,170	 	628,900	 	0.15	 	94,320	 	635,900	 	0.15	 	95,490	 	164,300	 	0.11	 	18,240	

(1)	 	Resources are reported exclusive of reserves. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s Form 10-K filing.	
(2)		Resource for 2016 was calculated at a silver price of $20 per ounce and at a silver price of $24 per ounce for 2015. Tonnage amounts have been rounded to the nearest 100,000.	

Attributable Silver Mineral Resources (1)(2) Metric Units	
December 31, 2016	
	 		 	Measured Resources	 	Indicated Resources	 	Measured + Indicated Resources	 	Inferred Resources	
Deposits/Districts		Newmont Share		Tonnage	 	Grade	 	Ag		Tonnage	 	Grade	 	Ag		Tonnage	 	Grade	 	Ag		Tonnage	 	Grade	 	Ag	
 	 	 	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	 	(x1000 tonnes)	 	(g/tonne)	 	(x1000 ozs)	
North America																											
Sandman, Nevada		100	%		-		-		-		1,200		6.8		260		1,200		6.8		260		1,100		4.1		140	
Phoenix, Nevada	 	100	%	 	700	 	6.9	 	150	 	160,900	 	7.2	 	37,310	 	161,600	 	7.2	 	37,460	 	55,100	 	7.7	 	13,710	
TOTAL NORTH AMERICA	 	 	 	700	 	6.9	 	150	 	162,100	 	7.2	 	37,570	 	162,800	 	7.2	 	37,720	 	56,200	 	7.7	 	13,850	
South America																											
Conga, Peru		51.35	%		-		-		-		356,300		2.1		23,580		356,300		2.1		23,580		89,900		1.1		3,250	
Yanacocha, Peru	 	51.35	%	 	5,600	 	5.6	 	1,020	 	52,100	 	19.8	 	33,170	 	57,700	 	18.4	 	34,190	 	3,000	 	11.7	 	1,140	
TOTAL SOUTH AMERICA	 	 	 	5,600	 	5.6	 	1,020	 	408,400	 	4.3	 	56,750	 	414,000	 	4.3	 	57,770	 	92,900	 	1.5	 	4,390	
TOTAL NEWMONT WORLDWIDE	 	 	 	6,300	 	5.7	 	1,170	 	570,500	 	5.1	 	94,320	 	576,800	 	5.1	 	95,490	 	149,100	 	3.8	 	18,240	
See Footnotes under Silver Resources U.S. units table.

Cautionary Statement regarding Reserves and Resources:
The “reserves” disclosed in this release have been prepared in compliance with Industry Guide 7 published by the SEC. As used in this news release, the term “reserve” means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination. The term “economically,” as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a feasibility study to be viable and justifiable under reasonable investment and market assumptions. The term “legally,” as used in this definition, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont’s current mine plans. Reserves in this news release are aggregated from the proven and probable classes.
The term “proven reserves” used in the tables of this news release means reserves for which (a) quantity is computed from dimensions revealed in outcrops, trenches, workings or drill holes; (b) grade and/or quality are computed from the results of detailed sampling; and (c) the sites for inspection, sampling and measurements are spaced so closely and the geologic character is sufficiently defined that size, shape, depth and mineral content of reserves are well established. The term “probable reserves” means reserves for which quantity and grade are computed from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Newmont classifies all reserves as Probable on its development projects until a year of production has confirmed all assumptions made in the reserve estimates. Proven and probable reserves include gold, copper or silver attributable to Newmont’s ownership or economic interest. Proven and probable reserves were calculated using cut-off grades. The term “cut-off grade” means the lowest grade of mineralized material considered economic to process. Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper or silver extraction and type of milling or leaching facilities available.
The terms “resources” and “Measured, Indicated and Inferred resources” are used in this news release. Investors are advised that the SEC does not recognize these terms. Newmont has determined that such “resources” would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration (SME) and defined as “Mineral Resource”. Estimates of resources are subject to further exploration and development, are subject to additional risks, and no assurance can be given that they will eventually convert to future reserves. Inferred resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. Investors are cautioned not to assume that any part or all of the Inferred resource exists, or is economically or legally mineable. Also, disclosure of contained ounces is permitted under the SME Guideline and other regulatory guidelines, such as Canada’s NI 43-101 and Australia’s JORC. However, the SEC generally requires mineral resource information in SEC-filed documents to be reported only as in-place tonnage and grade. Investors are reminded that even if significant mineralization is discovered and converted to reserves, during the time necessary to ultimately move such mineralization to production the economic feasibility of production may change. See the Company’s Annual Report for the “Proven and Probable Reserve” and “Mineralized Material” tables prepared in compliance with the SEC’s Industry Guide 7, available at http://www.newmont.com/our-investors/financial-reporting/sec-filings and on www.sec.gov . Investors are reminded that the tables presented in the Annual Report are estimates as of December 31, 2016 and were presented on an attributable basis reflecting the Company’s ownership interest at such time.

Cautionary Statement Regarding Forward Looking Statements:
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, estimates and expectations of future exploration expenditures and activities. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by the “forward-looking statements”. For a discussion of such risks relating to our business and other factors, see the Company’s Form 10-K, filed on or about February 21, 2017, with the Securities and Exchange Commission under the headings “Risk Factors” and “Forward-Looking Statements.” The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
CONTACT:
Newmont Mining Corporation
Investor Contacts
Meredith Bandy, 303-837-5143
meredith.bandy@newmont.com
or
Media Contacts
Omar Jabara, 303-837-5114
omar.jabara@newmont.com