Exhibit 12.2

NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands except ratio)
(Unaudited)

	Three Months Ended March 31, 2002
	As Revised
Earnings:
Loss before income taxes	$	(4,472	)
Adjustments:
Net interest expense (1)		28,224
Amortization of capitalized interest		2,208
Portion of rental expense representative of interest		627
Undistributed income of affiliate		516
Minority interest of majority owned subsidiaries		10,643
	$	37,746
Fixed Charges:
Net interest expense (1)	$	28,224
Capitalized interest		1,222
Portion of rental expense representative of interest		627
	$	30,073
Ratio of earnings to fixed charges		1.3

(1)  Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.