YANACOCHA MINE

Newmont Mining reported that gold sales at Yanacocha increased 24% in the second quarter of 2009 from the second quarter of 2008 due to higher leach tons placed, higher mill production and a reduction of finished goods inventory. Ore tons mined increased 77% in the second quarter of 2009 compared to the second quarter of 2008 due to mine sequencing. During the same periods, the amount of waste material mined decreased to 6.7 million tons from 26.6 million tons. Ore placed on the leach pads increased to 41.4 million tons in the second quarter of 2009 from 23.7 million tons in the second quarter of 2008 and leach ore grade increased 1% from 0.015 to 0.016 ounces per ton during the same period. Mill production in the second quarter of 2009 was 136,000 ounces compared to 77,000 ounces in the second quarter of 2008 due to higher mill ore grade and mill throughput due to the commencement of mill production in the second quarter of 2008.

Newmont reports on operations at the Yanacocha Mine in the quarter ended Mar31/09. Gold sales at Yanacocha decreased 13% in the first quarter of 2009 from the first quarter of 2008 due to finished goods inventory additions. Ore tons mined increased 8% in the first quarter of 2009 compared to the first quarter of 2008. During the same periods, the amount of waste material mined decreased to 15.4 million tons from 21.8 million tons. Ore placed on the leach pads increased to 30.6 million tons in the first quarter of 2009 from 30.3 million tons in the first quarter of 2008 and leach ore grade increased 31% from 0.016 to 0.021 ounces per ton during the same period. Leach production was 144,000 ounces lower in the first quarter of 2009 compared to the first quarter of 2008 due to the timing of leach ore placement, but was offset by the production of 143,000 ounces from the mill. Commercial production from the mill started in the second quarter of 2008. Costs applicable to sales increased in the first quarter of 2009 to $324 per ounce from $311 per ounce in the first quarter of 2008 primarily due to higher labor, tires and maintenance costs and operation of the mill in 2009, partially offset by lower diesel and workers participation costs.

Yanacocha currently has three active open pit mines, Cerro Yanacocha, La Quinua and Chaquicocha. Reclamation and/or backfilling activities at Carachugo, San José and Maqui Maqui are currently underway. Yanacocha has four leach pads, three processing facilities, and a new mill, which achieved commercial production in the second quarter of 2008. Yanacocha’s gold sales for 2008 totaled 1.8 million ounces (0.9 million equity ounces). At year-end 2008, Newmont reported 12.8 million equity ounces of gold reserves at Yanacocha, including 6.1 million equity ounces at Conga.The Yanacocha district contains the Conga deposit, for which we continue to evaluate the development plan for Conga.