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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
FORM 11-K

 
 
(Mark One)
☒ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the fiscal year ended December 31, 2017
 
OR
 
☐ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the transition period from  __________   to   __________
 
Commission file  number 001-31240

 
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
 
RETIREMENT SAVINGS  PLAN  FOR  HOURLY-RATED
EMPLOYEES  OF NEWMONT
(Title  of Plan)
 
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
 
NEWMONT MINING CORPORATION
(Issuer of Securities)
 
6363 South Fiddler’s Green Circle
Greenwood Village, Colorado 80111
(Principal Executive Office)

 

 
Table of Contents

Retirement Savings Plan for Hourly-Rated Employees of Newmont
 
TABLE OF CONTENTS
 
Report of Independent Registered Public Accounting Firm	
1	
Financial Statements:	 	
Statements of Net Assets Available for Benefits  	
2	
Statements of Changes in Net Assets Available for Benefits  	
3	
Notes to Financial Statements	
4	
Supplemental Schedules:	 	
Form 5500, Schedule H, part IV, line 4i—Schedule of Assets (Held at End of Year)	
10	
Exhibit Index	
11	
Signature	
12	

 

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Report of Independent Registered Public Accounting  Firm 
 
To the Participants and Administrator of the
Retirement Savings Plan for Hourly-Rated  Employees of Newmont
 
Opinion on the Financial Statements
 
We have audited the accompanying statements of net assets available for benefits of the Retirement Savings Plan for Hourly-Rated Employees of Newmont (the “Plan”) at December 31, 2017 and 2016, and the related statements of changes in net assets available for benefits for the years then ended, and the related notes and schedule (collectively referred to as the financial statements ). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2017 and 2016, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
 
Basis for Opinion
 
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
 
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
 
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
 
Supplemental Information
 
The supplemental information in the accompanying schedule of assets (held at end of year) at December 31, 2017, has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements of the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
 
/s/ Causey Demgen & Moore P.C.
Causey Demgen & Moore P.C.
 
We have served as the Plan’s auditor since 2005.
 
Denver, Colorado
June 19, 2018

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Retirement Savings Plan for Hourly-Rated Employees of Newmont
 
Statements of Net Assets Available for Benefits 

 	 	At December 31,	
 	    	2017	    	2016	
Assets	 	 	 	 	 	 	
Investments, at fair value:	 	 	 	 	 	 	
Investments in collective trusts	 	$	89,382,911	 	$	74,109,533	
Investments in registered investment companies	 	 	18,720,062	 	 	17,249,247	
Investments in employer stock	 	 	5,192,971	 	 	5,610,752	
Total investments, at fair value	 	 	113,295,944	 	 	96,969,532	
Notes receivable from participants	 	 	6,677,764	 	 	6,397,144	
Net assets available for benefits	 	$	119,973,708	 	$	103,366,676	
 
The accompanying notes are an integral part of these financial statements.

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Retirement Savings Plan for Hourly-Rated Employees of Newmont
 
Statements of Changes in Net Assets Available for Benefits 

 	 	Years Ended December 31,	
 	    	2017	    	2016	
Additions to net assets available for benefits attributed to:	 	 	 	 	 	 	
Investment income (loss):	 	 	 	 	 	 	
Dividend income, employer stock	 	$	36,517	 	$	19,875	
Dividend income, registered investment companies	 	 	485,144	 	 	336,224	
Net appreciation (depreciation) in the fair value of investments	 	 	14,894,480	 	 	9,482,310	
Net investment income (loss)	 	 	15,416,141	 	 	9,838,409	
Interest income on notes receivable from participants	 	 	281,123	 	 	256,967	
Contributions:	 	 	 	 	 	 	
Employer, net of forfeitures applied	 	 	5,103,526	 	 	4,988,227	
Participant	 	 	9,948,561	 	 	9,343,621	
Rollover	 	 	573,166	 	 	990,085	
Total contributions	 	 	15,625,253	 	 	15,321,933	
Total additions	 	 	31,322,517	 	 	25,417,309	
Deductions from net assets available for benefits attributed to:	 	 	 	 	 	 	
Payment of benefits	 	 	(12,615,813)	 	 	(11,485,087)	
Administrative and other expenses	 	 	(294,563)	 	 	(230,425)	
Total deductions	 	 	(12,910,376)	 	 	(11,715,512)	
Increase (decrease) in net assets before net transfers	 	 	18,412,141	 	 	13,701,797	
Transfers:	 	 	 	 	 	 	
Transfers in from Retirement Savings Plan of Newmont	 	 	194,319	 	 	202,552	
Transfers out to Retirement Savings Plan of Newmont	 	 	(1,999,428)	 	 	(1,074,347)	
Net transfers	 	 	(1,805,109)	 	 	(871,795)	
Increase (decrease) in net assets available for benefits	 	 	16,607,032	 	 	12,830,002	
Net assets available for benefits at beginning of year	 	 	103,366,676	 	 	90,536,674	
Net assets available for benefits at end of year	 	$	119,973,708	 	$	103,366,676	
 
The accompanying notes are an integral part of these  financial statements.

 

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Retirement Savings Plan for Hourly-Rated Employees of Newmont
Notes to Financial Statements
December 31, 2017 and 2016

1.        Description of the Plan 
The following description of the Retirement Savings Plan for Hourly-Rated Employees of Newmont (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan document for more complete information.
The Plan was established effective October 1, 1991, by Newmont Mining Corporation and its affiliates (the “Company”) to qualify as a defined contribution, profit sharing plan under Section 401(a) of the Internal Revenue Code, for the benefit of eligible employees of the Company. The Plan was restated on January 1, 2017. The Plan is a collectively bargained, defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Benefits under the Plan are not subject to guarantee by the Pension Benefit Guaranty Corporation.
 
Administration
Trustee, recordkeeping and investment management services are performed by Fidelity Management Trust Company.
The Plan is administered by the Administration Committee. The Administration Committee may retain independent advisors and consultants, and is responsible for administration and for managing the Plan’s activities. Newmont USA Limited, a delegate of the Company, appoints members of the Investment Committee and the Investment Committee reviews and selects the investment fund options offered under the Plan.
 
Eligibility and Contributions
Employees are eligible to participate in the Plan after performing one hour of service. Participants may elect to contribute to the Plan, on a pre-tax or after-tax basis or combination thereof, from 1% to 100% of the Plan eligible compensation. The Plan allows for Roth contributions, which are after-tax contributions tracked in a separate account. The maximum contribution on a pre-tax or Roth basis is $18,000 for the 2017 and 2016 plan years.
The Company’s matching contribution for each eligible active participant, is limited to 6% of his or her eligible compensation. Through August 31, 2013, participant’s contributions were matched by the Company in Company common stock, with the number of Company shares contributed based on the market price at the date of contribution. Effective September 1, 2013, all matching contributions were made in cash and the Company stock fund was frozen and no further investments in Company stock are allowed. Total matching contributions were limited to a maximum of $12,000 per participant for 2013. Effective January 1, 2014, the $12,000 maximum Company matching contribution limitation no longer applies. Participants are allowed to divest their Company common stock at any time.
All employees who are eligible to make elective deferrals under this Plan and who have attained age 50 before the close of the Plan year are eligible to make catch-up contributions beyond the pre-tax and Roth limit to “catch-up” retirement savings. Catch-up contributions were limited to $6,000 for 2017 and 2016.
In addition, the maximum contributions and other additions (including all other defined contribution plans sponsored by the Company) for the plan year of a participant under the Plan may not exceed the lesser of $54,000 and $53,000 in 2017 and 2016, respectively, or 100% of the eligible compensation paid to the participant by the Company in such plan year. Annual additions are defined to include participant’s contributions and the Company’s matching contributions.
The Plan also allows rollover contributions of part or all of an “eligible rollover distribution” received by a participant from a qualified plan of a previous employer.

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Retirement Savings Plan for Hourly-Rated Employees of Newmont
Notes to Financial Statements
December 31, 2017 and 2016

 
Vesting
Participants are fully vested in their contributions, and are vested in employer matching contributions 20% after one year of service, 40% after two years of service, 60% after three years of service and 100% after four years of service. Additionally, participants become  fully vested  in  Company  contributions upon death,  disability, change of control or attainment of retirement age while employed by the Company. Terminated participants are subject to the vesting schedule in place at the time of their termination of employment with the Company.
Non-vested balances of employees who terminate are forfeited and generally used to reduce subsequent Company contributions to the Plan and pay administrative expenses of the Plan. Unallocated forfeited balances amounted to $166,035 and $135,043 at December 31, 2017 and 2016, respectively. Unallocated forfeited balances are included in Investments in registered investment companies in the Statements of Net Assets Available for Benefits as assets in the Plan’s Fidelity® Government Money Market Fund investment.
Participant Accounts
Separate accounts are maintained for each participant and are credited with the participant’s contributions, the Company’s contributions and rollover contributions, if any, including the allocations of earnings and losses to these accounts calculated daily based on participant account balances. Participants direct their investments by electing the percentages of their accounts and contributions to be allocated between investment fund alternatives. Participants may make unlimited changes in their future investment allocations or make transfers of existing balances between investment fund alternatives.
Payment of Benefits, Withdrawals and Transfers
At the time of a participant’s death or disability, the vested balances in all of his or her accounts will be paid in a lump sum. Upon termination of employment for reasons other than death or disability, participants are entitled to receive a lump sum payment for the value of the non-forfeitable portion of their account. Such lump sum payments may result in adverse tax consequences for the participant. Participants with vested account balances of $5,000 or less are not permitted to leave their account balances in the Plan and must roll their account balances into an IRA rollover account or another qualified benefit plan or receive a lump sum distribution. Participants with account balances in excess of $5,000 may choose to leave their account balances in the Plan.
In order to facilitate efficient Plan administration and disclosure, the Plan permits the automatic transfer of accounts held under the Plan to the Retirement Savings Plan of Newmont and any other defined contribution plan maintained by the Company or its controlled group members when a participant becomes an active participant in such other plan.
Notes Receivable from Participants
Participants may borrow from their individual plan account, with a minimum amount of $1,000 and a maximum amount equal to the lesser of 50% of such participant’s vested balance or $50,000. The interest rate on such loans is the prime rate in effect at the time the loan is taken, plus one percent, and is fixed over the term of the loan. The repayment period may be up to five years for a general loan, or up to 15 years for the purchase of a principal residence.
Plan Termination
Although the Company expects to continue the Plan indefinitely, the Company has the right under the Plan document to discontinue its contributions at any time and to terminate the Plan (“full termination”) subject to the provisions of ERISA. In the event of full termination or termination with respect to a group or class of participants (“partial termination”), the unvested portion of Company contributions for participants subject to such full termination or partial termination will become fully vested and non-forfeitable.

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Retirement Savings Plan for Hourly-Rated Employees of Newmont
Notes to Financial Statements
December 31, 2017 and 2016

2.        Summary of Significant Accounting Policies
Basis of Accounting
The financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires the Plan to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Investment Valuation
All of the Plan’s investments are maintained in collective trusts, registered investment companies and Company stock, which are valued using quoted market prices from the respective securities’ principal active exchange or at net asset value. The Net appreciation (depreciation) in the fair value of investments for the period is included in the determination of Net investment income (loss) as reflected in the Statements of Changes in Net Assets Available for Benefits.
Notes Receivable from Participants
 
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants  is recorded when earned. Delinquent loans are treated as distributions based upon the terms of the Plan document. These notes have interest rates ranging from 4.25% to 9.25% and mature from January 2018 through November 2032.
 
Risks and Uncertainties
The Plan provides for various investment options in a combination of collective trusts, registered investment companies and Company stock. Investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in the values of investments will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits and the Statements of Changes in Net Assets Available for Benefits.
Payments  of Benefits
Payments of benefits are recorded when paid.
Plan Expenses
Administrative expenses on behalf of the Plan are paid through the use of forfeitures, by the Plan and by the Company. No Plan-related expenses were paid by the Company for the years ended December 31, 2017 and 2016.
Administrative expenses include recordkeeping fees, trustee fees, audit fees, account maintenance fees and legal fees. Participant loan origination fees are included in Administrative and other expenses in the Statements of Changes in Net Assets Available for Benefits and deducted from participant’s accounts as they are paid directly by the participants to the trustee.

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Retirement Savings Plan for Hourly-Rated Employees of Newmont
Notes to Financial Statements
December 31, 2017 and 2016

3.        Fair Value Measurements
 
Financial Accounting Standards Board (“FASB”) Accounting Standards  Codification (“ASC”)  820, Fair Value Measurements and Disclosures , establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the  fair  value  hierarchy  under  FASB ASC  820 are  described  below:
Level 1     Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; 
Level 2     Quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, quoted prices or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and
Level 3     Prices or valuation techniques that require inputs that are both significant to their fair value measurement and unobservable (supported by little or no market activity).
The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any  input that is significant to the fair value  measurement. Valuation techniques used maximize the use of observable inputs and minimize the use of unobservable inputs.
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2017 and 2016.
Investments in collective trust funds:  Investments in collective trusts are valued at unit value, which is based on the aggregate current fair values of the underlying assets in relation to the total number of units outstanding. Unit value, or the equivalent of net asset value, is a practical expedient for estimating the fair values of those investments.
Investments in registered investment companies : Valued at its year-end quoted market price.
Investments in employer stock : Valued at its year-end unit closing price (comprised of year-end market price reported on the active market plus  uninvested cash position).
The  methods described above may  produce a fair  value  calculation  that  may  not be indicative  of net  realizable value  or  reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could  result in a different fair value measurement at the reporting date.

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Retirement Savings Plan for Hourly-Rated Employees of Newmont
Notes to Financial Statements
December 31, 2017 and 2016

The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value at December 31, 2017:

  	 	Assets at Fair Value at December 31, 2017	
 	    	Level 1	    	Level 2	    	Level 3	    	Total	
Registered investment companies	  	$	18,720,062	 	$	 —	 	$	 —	 	$	18,720,062	
Employer stock	 	 	5,192,971	 	 	 —	 	 	 —	 	 	5,192,971	
Total assets in the fair value hierarchy	 	 	23,913,033	 	 	 —	 	 	 —	 	 	23,913,033	
Investments measured at net asset value (1)	  	 	 —	 	 	 —	 	 	 —	 	 	89,382,911	
Investments at fair value	 	$	23,913,033	 	$	 —	 	$	 —	 	$	113,295,944	
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value at December 31, 2016:

  	 	Assets at Fair Value at December 31, 2016	
 	    	Level 1	    	Level 2	    	Level 3	    	Total	
Registered investment companies	  	$	17,249,247	 	$	 —	 	$	 —	 	$	17,249,247	
Employer stock	 	 	5,610,752	 	 	 —	 	 	 —	 	 	5,610,752	
Total assets in the fair value hierarchy	 	 	22,859,999	 	 	 —	 	 	 —	 	 	22,859,999	
Investments measured at net asset value (1)	 	 	 —	 	 	 —	 	 	 —	 	 	74,109,533	
Investments at fair value	 	$	22,859,999	 	$	 —	 	$	 —	 	$	96,969,532	

	(1)		In accordance with Subtopic 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the Statements of Net Assets Available for Benefits.	
The following tables summarize investments for which fair value is measured using the net asset value per share practical expedient as of December 31, 2017 and 2016, respectively.

December 31, 2017	    	Fair Value	    	Unfunded Commitments	    	Redemption
Frequency	    	Redemption
Notice Period	
Collective trusts	 	$	
89,382,911	 	n/a	 	Daily	 	n/a	

 	 	 	 	 	 	 	 	 	 	
December 31, 2016	    	Fair Value	    	Unfunded Commitments	    	Redemption
Frequency	    	Redemption
Notice Period	
Collective trusts	 	$	
74,109,533	 	n/a	 	Daily	 	n/a	
4.        Tax Status of the Plan
The Plan received a favorable determination letter from the Internal Revenue Service as to the qualified status of the Plan on March 4, 2014. Although the Plan has been amended since receipt of the determination letter, the Plan’s administrator believes the Plan remains a qualified plan and is not subject to tax. Accordingly, no provision for federal or state income taxes has been recorded. The Plan administrator believes it is no longer subject to income tax examinations for the years prior to 2014.
U.S. GAAP requires plan management to evaluate tax positions taken by the plan and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Plan’s administrator has analyzed the tax positions taken by the Plan and has concluded that at December 31, 2017, there are no uncertain positions taken, or expected to be taken, that would require recognition

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Retirement Savings Plan for Hourly-Rated Employees of Newmont
Notes to Financial Statements
December 31, 2017 and 2016
 
of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
5.        Related Party Transactions
The Fidelity Management Trust Company acts as trustee for only those investments as defined in the Plan. Also, certain Plan assets are invested in shares of Company stock. Transactions in such investments qualify as party-in-interest transactions that are exempt from prohibited transaction rules as defined by ERISA. Administrative fees paid by the trust for trustee services were $148,033 and $157,666 for the years ended December 31, 2017 and 2016, respectively.
6.        Subsequent Events
The Company has evaluated events subsequent to December 31, 2017, through the date of this report. There have been no material events noted that would impact the results reflected in this report, the Plan’s results going forward or require additional disclosure.

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Retirement Savings Plan for Hourly-Related Employees of Newmont
 
Form 5500, Schedule H, Part IV, Line 4i—Schedule of Assets (Held at End of Year) 
EIN # 13-2526632; Plan  Number  004
December 31, 2017

(a)	 	(b)
Identity of Issue, Borrower, Lessor, or Similar Party	 	(d)
Cost	 	(e)
Current Value	
 	  	Investment Funds:	  	 	  	  	 	
*	 	Fidelity® 500 Index Fund - Fidelity Advantage Class	 	**	  	$	
5,621,172	
*	 	Fidelity® Extended Market Index Fund - Fidelity Advantage Class	 	**	  	 	
2,446,341	
*	 	Fidelity® Small Cap Index Fund - Fidelity Advantage Class	 	**	  	 	
1,170,672	
 	 	Harbor International Fund Institutional Class	 	**	  	 	
1,203,039	
*	 	Fidelity® Global ex U.S. Index Fund - Fidelity Advantage Class	 	**	  	 	
2,339,416	
*	 	Fidelity® Government Money Market Fund	 	**	 	 	
3,098,000	
*	 	Fidelity® U.S. Bond Index Fund - Fidelity Advantage Class	 	**	  	 	
2,440,760	
 	 	Principal Diversified Real Asset Fund Institutional Class	 	**	  	 	
400,662	
 	 	Collective Trust Funds:	 	 	 	 	 	
 	 	Russell Equity I Fund	 	**	  	 	
3,854,325	
 	 	Russell Small Cap Fund	 	**	  	 	
1,353,622	
 	 	Russell Multi-Manager Bond Fund	 	**	  	 	
1,398,346	
 	 	Russell Emerging Markets Fund	 	**	  	 	
1,260,989	
 	 	BlackRock LifePath® Index 2020 Fund Q	 	**	  	 	
10,654,167	
 	 	BlackRock LifePath® Index 2025 Fund Q	 	**	  	 	
14,038,710	
 	 	BlackRock LifePath® Index 2030 Fund Q	 	**	  	 	
12,377,612	
 	 	BlackRock LifePath® Index 2035 Fund Q	 	**	  	 	
7,213,972	
 	 	BlackRock LifePath® Index 2040 Fund Q	 	**	  	 	
7,953,723	
 	 	BlackRock LifePath® Index 2045 Fund Q	 	**	  	 	
9,035,466	
 	 	BlackRock LifePath® Index 2050 Fund Q	 	**	  	 	
6,409,330	
 	 	BlackRock LifePath® Index 2055 Fund Q	 	**	  	 	
10,000,967	
 	 	BlackRock LifePath® Index Retirement Fund Q	 	**	  	 	
3,831,682	
 	 	Employer Stock:	 	 	 	 	 	
*	 	Newmont Mining Stock Fund	 	**	  	 	
5,192,971	
 	 	Notes receivable from participants:	 	 	 	 	 	
*	 	Interest rates range from 4.25% to 9.25%, maturing January 2018 through November 2032 (1)	 	—	 	 	
6,677,764	
 	 	 	 	 	 	$	
119,973,708	

*     Represents a party-in-interest.
**   Cost omitted for participant-directed investments.
	(1)		The interest rate on loans is the prime rate in effect at the time the loan is taken, plus one percent, and is fixed over the term of the loan.	

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EXHIBIT INDEX 

Exhibit Number	 	Description	
23	 	Consent of Causey Demgen & Moore P.C., filed herewith	

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SI  GNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or  other persons who administer  the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 	Retirement Savings Plan for Hourly-Rated Employees of Newmont	
 	 	
Date: June  19,  2018	/s/ John W. Kitlen	
 	John W. Kitlen, Vice President, Controller and Chief Accounting Officer	

12

Exhibit 23
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
We consent to the incorporation by reference in the Registration Statements on Form S-8 Nos. 333-69145 and 333-86530 of Newmont Mining Corporation of our report dated June 19, 2018 with respect to the statements of net assets available for benefits of the Retirement Savings Plan for Hourly-Rated Employees of Newmont as of December 31, 2017 and 2016, and the related statements of changes in net assets available for benefits for the years then ended, and the related supplemental schedule of assets (held at end of year) as of December 31, 2017, which report appears in the December 31, 2017 annual report on Form 11-K of the Retirement Savings Plan for Hourly-Rated Employees of Newmont.

 	
/s/ Causey Demgen & Moore P.C.	
 	
Causey Demgen & Moore P.C.	
Denver, Colorado	
June 19, 2018