8-K

SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, 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, 2017Newmont 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

EX-99.1

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 income¹ of $619 million or $1.16 per diluted share
• EBITDA: Generated $2.4 billion in adjusted EBITDA², 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 flow³ to $784 million
• Gold costs applicable to sales (CAS): Reported slightly higher CAS of $682 per ounce⁴ 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 price⁶ 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 expenditures⁷ 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			Costsb			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
Phoenixc	200	–	220			200				–	220	875	–	925	1,070	–	1,130	25	–	35
Twin Creeksd	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
Yanacochae	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
Kalgoorlief	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 Goldg	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 Outlookh
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%

^a2017 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.
^bAll-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.
^cIncludes Lone Tree operations.
^dIncludes TRJV operations.
^eConsolidated 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.
^fBoth consolidated and attributable production are shown on a pro-rata basis with a 50% ownership for Kalgoorlie.
^gProduction outlook does not include equity production from stakes in TMAC (29.2%) or La Zanja (46.94%).
^hConsolidated 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

EX-99.2

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 resource¹ through exploration, including 2.0 million ounces of gold at Yanacocha and significant additions at higher grade underground mines including at Ahafo, Carlin and Tanami. Resource grades rose from the prior year to 0.86 grams per tonne.

Unless otherwise noted, all figures exclude PTNNT. The sale of Newmont’s 48.5 percent stake in PTNNT, which operates the Batu Hijau mine in Indonesia, closed on November 2, 2016.

Newmont reported 4.9 million ounces of attributable mine production in 2016, resulting in 6.0 million ounces of reserve depletion. Other changes to gold reserves include a reduction of 0.6 million ounces due to price change, primarily related to the impact of lower assumed copper reserve pricing at Phoenix. Reserve revisions were modest and mostly offsetting.

Newmont reported 33.6 million ounces of attributable Measured and Indicated gold resources and 14.0 million ounces attributable Inferred gold resources in 2016. Total attributable gold resources increased by 5.7 million ounces or nearly 14 percent from the prior year. The Company added 6.1 million ounces through exploration, partially offset by conversions of 4.1 million ounces.

Exploration Outlook

Newmont’s total exploration expenditure is expected to increase to more than $200 million² in 2017, with about 80 percent allocated to near-mine and brownfields and the balance allocated to greenfields programs. Geographically, the Company expects to spend about 38 percent of this amount in North America, 35 percent in South America and the remainder in Australia, Africa and other locations.

_________________

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

Gold Reserve Sensitivity

A $100 increase in gold price would result in an approximate 4 percent increase in gold reserves while a $100 decrease in gold price would result in an approximate 6 percent decrease in gold reserves. These sensitivities assume an oil price of $55 per barrel (WTI) and an Australian dollar exchange rate of $0.75.

For additional details on Newmont’s reported Gold, Copper and Silver Mineral Reserves and Resources, please refer to the tables at the end of this release.

Key Assumptions:
		Years Ended December 31,
		2016	2015
	Gold Reserves (US$/oz)	$1,200	$1,200
	Gold Resources (US$/oz)	$1,400	$1,400
	Copper Reserves (US$/lb)	$2.50	$2.75
	Copper Resources (US$/lb)	$3.00	$3.50
	Australian Dollar (A$:US$)	$0.75	$0.80
	West Texas Intermediate (US$/bbl)	$55	$75

Reserve and Resource Tables

Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determine economic feasibility. Metal price assumptions follow SEC guidance not to exceed a three year trailing average. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables included in this release list the average metallurgical recovery rate for each deposit, which takes into account the assumed processing methods. The cut-off grade, or lowest grade of material considered economic to process, varies with material type, price, metallurgical recoveries, operating costs and co- or by-product credits. The Proven and Probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold and copper will be realized. Ounces of gold and silver or pounds of copper included in the Proven and Probable reserves are those contained prior to losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold or copper, as well as increased production costs or reduced metallurgical recovery rates, could render certain Proven and Probable reserves containing relatively lower grades of mineralization uneconomic to exploit and might result in a reduction of reserves.

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

We publish reserves and resources annually, and will recalculate reserves and resources at year-end 2017, taking into account metal prices, changes, if any, in future production and capital costs, mine designs, model changes, divestments and depletion as well as any acquisitions and additions during 2017.

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

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

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

See Footnotes under Gold Reserves U.S. units table. Note that cut off grades in such footnotes are represented in U.S. units

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

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

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

See footnotes in Gold Resources U.S. units table.

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

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

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

See footnotes under Copper Reserves U.S. units table.

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

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

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

See footnotes under Copper Resources U.S. units table.

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

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

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

See Footnotes under Silver Reserves U.S. units table.

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

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

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

See Footnotes under Silver Resources U.S. units table.

Cautionary Statement regarding Reserves and Resources:

The “reserves” disclosed in this release have been prepared in compliance with Industry Guide 7 published by the SEC. As used in this news release, the term “reserve” means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination. The term “economically,” as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a feasibility study to be viable and justifiable under reasonable investment and market assumptions. The term “legally,” as used in this definition, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont’s current mine plans. Reserves in this news release are aggregated from the proven and probable classes.

The term “proven reserves” used in the tables of this news release means reserves for which (a) quantity is computed from dimensions revealed in outcrops, trenches, workings or drill holes; (b) grade and/or quality are computed from the results of detailed sampling; and (c) the sites for inspection, sampling and measurements are spaced so closely and the geologic character is sufficiently defined that size, shape, depth and mineral content of reserves are well established. The term “probable reserves” means reserves for which quantity and grade are computed from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Newmont classifies all reserves as Probable on its development projects until a year of production has confirmed all assumptions made in the reserve estimates. Proven and probable reserves include gold, copper or silver attributable to Newmont’s ownership or economic interest. Proven and probable reserves were calculated using cut-off grades. The term “cut-off grade” means the lowest grade of mineralized material considered economic to process. Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper or silver extraction and type of milling or leaching facilities available.

The terms “resources” and “Measured, Indicated and Inferred resources” are used in this news release. Investors are advised that the SEC does not recognize these terms. Newmont has determined that such “resources” would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration (SME) and defined as “Mineral Resource”. Estimates of resources are subject to further exploration and development, are subject to additional risks, and no assurance can be given that they will eventually convert to future reserves. Inferred resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. Investors are cautioned not to assume that any part or all of the Inferred resource exists, or is economically or legally mineable. Also, disclosure of contained ounces is permitted under the SME Guideline and other regulatory guidelines, such as Canada’s NI 43-101 and Australia’s JORC. However, the SEC generally requires mineral resource information in SEC-filed documents to be reported only as in-place tonnage and grade. Investors are reminded that even if significant mineralization is discovered and converted to reserves, during the time necessary to ultimately move such mineralization to production the economic feasibility of production may change. See the Company’s Annual Report for the “Proven and Probable Reserve” and “Mineralized Material” tables prepared in compliance with the SEC’s Industry Guide 7, available at http://www.newmont.com/our-investors/financial-reporting/sec-filings and on www.sec.gov. Investors are reminded that the tables presented in the Annual Report are estimates as of December 31, 2016 and were presented on an attributable basis reflecting the Company’s ownership interest at such time.

Cautionary Statement Regarding Forward Looking Statements:

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

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