/FIRST ADD -- LAW040 -- Newmont Mining Corporation Earnings/

/FIRST ADD -- LAW040 -- Newmont Mining Corporation Earnings/




  Supplemental Information

   1. Gold Production Summary - Americas

     Three Months Ended       Nevada         Canada (2)  Yanacocha, Peru
      June 30,             2004    2003     2004   2003  2004    2003
   Tons Mined
    (000 dry short tons):
    Open-Pit              52,026  42,929    n/a    n/a  51,926  53,988
    Underground              351     436    256    323     n/a     n/a
   Tons Milled/Processed
    (000):
    Oxide                    975     348    263    322     n/a     n/a
    Refractory             2,262   2,115    n/a    n/a     n/a     n/a
    Leach                  5,583   4,537    n/a    n/a  37,358  39,971
   Average Ore Grade
    (oz/ ton):
    Oxide                  0.125   0.191  0.224  0.213     n/a     n/a
    Refractory             0.189   0.213    n/a    n/a     n/a     n/a
    Leach                  0.022   0.031    n/a    n/a   0.021   0.029
   Average Mill
    Recovery Rate:
    Oxide                  81.5%   86.1%  94.0%  94.9%     n/a     n/a
    Refractory             90.3%   91.3%    n/a    n/a     n/a     n/a
   Ounces Produced (000):  566.7   536.9   55.2   67.2   612.0   682.1
   Equity Ounces Produced
    (000):
    Oxide                  100.3    56.9   55.2   67.2     n/a     n/a
    Refractory             362.0   388.1    n/a    n/a     n/a     n/a
    Leach                   79.1    91.9    n/a    n/a   314.3   350.3
    Total                  541.4   536.9   55.2   67.2   314.3   350.3
   Equity Ounces Sold
    (000)                  560.1   535.3   55.4   68.4   317.7   343.7

   Production Costs
    Per Ounce:
    Direct mining and
     production costs       $312    $267   $313   $260    $147    $117
    Capitalized mining
     and other               (43)    (21)     2      1      (6)     (4)
    Cash operating costs     269     246    315    261     141     113
    Royalties and
     production taxes          6       8      4      1       6       5
    Total cash costs         275     254    319    262     147     118
    Reclamation and mine
     closure costs             3       3      2      8       2       2
    Total costs applicable
     to sales                278     257    321    270     149     120
    Depreciation and
     amortization             56      66     87     81      83      69
    Total production costs  $334    $323   $408   $351    $232    $189


                             Kori Kollo,
     Three Months Ended        Bolivia       Other (1)
         June 30,           2004   2003   2004   2003
   Tons Mined
    (000 dry short tons):
    Open-Pit                 n/a   2,894  2,888  3,118
    Underground              n/a     n/a    n/a    n/a
   Tons Milled/Processed
    (000):
    Oxide                    n/a     n/a    n/a    n/a
    Refractory               n/a   1,842    n/a    n/a
    Leach                    n/a   1,242  1,126  1,060
   Average Ore Grade
    (oz/ ton):
    Oxide                    n/a     n/a    n/a    n/a
    Refractory               n/a   0.038    n/a    n/a
    Leach                    n/a   0.017  0.027  0.026
   Average Mill
    Recovery Rate:
    Oxide                    n/a     n/a    n/a    n/a
    Refractory               n/a   61.8%    n/a    n/a
   Ounces Produced (000):    6.9    55.2   18.2   33.4
   Equity Ounces Produced
    (000):
    Oxide                    n/a     n/a    n/a    n/a
    Refractory               n/a    37.9    n/a    n/a
    Leach                    6.1    10.8   18.2   33.4
    Total                    6.1    48.7   18.2   33.4
   Equity Ounces Sold
    (000)                    5.6    48.9   18.2   33.4

   Production Costs
    Per Ounce:
    Direct mining and
     production costs       $299    $199   $157   $179
    Capitalized mining
     and other               (11)    (11)     5     (5)
    Cash operating costs     288     188    162    174
    Royalties and
     production taxes         17      --     --      5
    Total cash costs         305     188    162    179
    Reclamation and
     mine closure costs       42      13      1      3
    Total costs applicable
     to sales                347     201    163    182
    Depreciation and
     amortization             86      32     58     74
    Total production costs  $433    $233   $221   $256

   (1) Other includes La Herradura in 2004 and La Herradura and Mesquite
       in 2003
   (2) Includes Golden Giant and Holloway


     Six Months Ended         Nevada         Canada (2)  Yanacocha, Peru
      June 30,            2004     2003     2004   2003  2004    2003
   Tons Mined
    (000 dry short tons):
    Open-Pit             100,447  87,789    n/a    n/a  98,036 101,448
    Underground              707     842    526    659     n/a     n/a
   Tons Milled/Processed
    (000):
    Oxide                  2,042     759    526    668     n/a     n/a
    Refractory             4,354   4,510    n/a    n/a     n/a     n/a
    Leach                  9,076   7,603    n/a    n/a  65,166  72,793
   Average Ore Grade
    (oz/ ton):
    Oxide                  0.139   0.193  0.245  0.235     n/a     n/a
    Refractory             0.190   0.214    n/a    n/a     n/a     n/a
    Leach                  0.023   0.030    n/a    n/a   0.021   0.028
   Average Mill
    Recovery Rate:
    Oxide                  78.7%   87.5%  94.5%  95.1%     n/a     n/a
    Refractory             90.6%   90.3%    n/a    n/a     n/a     n/a
   Ounces Produced
    (000):               1,159.1 1,163.2  124.3  151.7 1,415.6 1,321.5
   Equity Ounces
    Produced (000):
    Oxide                  226.5   130.3  124.3  151.7     n/a     n/a
    Refractory             703.1   846.2    n/a    n/a     n/a     n/a
    Leach                  169.0   186.7    n/a    n/a   726.9   678.6
    Total                1,098.6 1,163.2  124.3  151.7   726.9   678.6
   Equity Ounces Sold
    (000)                1,177.5 1,168.2  127.3  151.7   728.0   678.8

   Production Costs
    Per Ounce:
    Direct mining and
     production costs       $315    $250   $285   $258    $140    $119
    Capitalized mining
     and other               (41)    (21)     1      1      (7)     (3)
    Cash operating costs     274     229    286    259     133     116
    Royalties and
     production taxes          7      10      3      1       6       5
    Total cash costs         281     239    289    260     139     121
    Reclamation and
     mine closure costs        3       2      1      7       2       2
    Total costs applicable
     to sales                284     241    290    267     141     123
    Depreciation and
     amortization             56      58     78     92      76      63
    Total production costs  $340    $299   $368   $359    $217    $186


                            Kori Kollo,
     Six Months Ended         Bolivia        Other (1)
      June 30,              2004   2003    2004   2003
   Tons Mined
    (000 dry short tons):
    Open-Pit                 n/a   6,213   5,516  5,876
    Underground              n/a     n/a     n/a    n/a
   Tons Milled/Processed
    (000):
    Oxide                    n/a     n/a     n/a    n/a
    Refractory               n/a   3,636     n/a    n/a
    Leach                    n/a   2,718   2,114  2,017
   Average Ore Grade
    (oz/ ton):
    Oxide                    n/a     n/a     n/a    n/a
    Refractory               n/a   0.037     n/a    n/a
    Leach                    n/a   0.017   0.026  0.026
   Average Mill
    Recovery Rate:
    Oxide                    n/a     n/a     n/a    n/a
    Refractory               n/a   63.1%     n/a    n/a
   Ounces Produced (000):   14.5   113.0    35.5   64.6
   Equity Ounces Produced
    (000):
    Oxide                    n/a     n/a     n/a    n/a
    Refractory               n/a    75.2     n/a    n/a
    Leach                   12.8    24.3    35.5   64.6
    Total                   12.8    99.5    35.5   64.6
   Equity Ounces Sold
   (000)                    12.8   100.7    35.5   64.6

   Production Costs
    Per Ounce:
    Direct mining and
     production costs       $277    $191    $145   $163
    Capitalized mining
     and other               (10)    (11)     --     (5)
    Cash operating costs     267     180     145    158
    Royalties and
     production taxes         16      --      --      6
    Total cash costs         283     180     145    164
    Reclamation and
     mine closure costs       36      10       2      3
    Total costs applicable
     to sales                319     190     147    167
    Depreciation and
     amortization            111      34      63     66
    Total production costs  $430    $224    $210   $233

   (1) Other includes La Herradura in 2004 and La Herradura and Mesquite
       in 2003
   (2) Includes Golden Giant and Holloway


   2. Gold Production Summary - Australia

     Three Months
      Ended       Kalgoorlie      Pajingo       Tanami         Yandal
      June 30,   2004   2003    2004  2003 2004   2003   2004     2003
   Tons Mined
    (000 dry
     short tons) 11,615 11,856    136   199  4,687  5,622  1,948    874
   Tons Milled/
    Processed
    (000)         1,833  1,807    207   201  1,116  1,134    659  1,259
   Average Ore
    Grade
    (oz/ton)      0.066  0.076  0.224 0.464  0.140  0.165  0.110  0.120
   Average Mill
    Recovery
    Rate          85.3%  86.0%  96.2% 96.9%  94.7%  96.7%  92.0%  89.1%
   Ounces
    Produced
    (000)          98.8  101.8   47.1  93.8  152.3  181.0   69.4  137.8
   Equity Ounces
    Produced
    (000)          98.8  101.8   47.1  93.8  152.3  180.9   69.4  137.8
   Equity Ounces
    Sold (000)     98.5  104.2   48.6  93.8  158.9  190.7   72.0  141.9

   Production Costs
    Per Ounce:
    Direct mining
     and production
     costs         $307   $240   $288  $124   $239   $217   $335   $298
    Capitalized
     mining and
     other            1     22     (7)   (4)    17     (8)    (1)    (2)
    Cash operating
     costs          308    262    281   120    256    209    334    296
    Royalties and
     production
     taxes           10     10      9    12     21     20      7      9
    Total cash
     costs          318    272    290   132    277    229    341    305
    Reclamation
     and mine
     closure costs    5      3      2    (1)     3      2      4      3
    Total costs
     applicable
     to sales       323    275    292   131    280    231    345    308
    Depreciation
     and
     amortization    39     29    126    73     63     55     62     52
    Total
     production
     costs         $362   $304   $418  $204   $343   $286   $407   $360


     Six Months
      Ended       Kalgoorlie      Pajingo        Tanami        Yandal
      June 30,   2004   2003    2004  2003  2004   2003   2004   2003
   Tons Mined
    (000 dry
    short tons)  23,479 23,051    310   372  8,430 10,981  4,583  1,729
   Tons Milled/
    Processed
    (000)         3,433  3,444    392   394  2,211  2,232  1,560  2,616
   Average
    Ore Grade
    (oz/ton)      0.069  0.071  0.280 0.431  0.150  0.148  0.124  0.115
   Average Mill
    Recovery
    Rate          86.3%  85.8%  96.2% 96.8%  95.3%  96.3%  92.8%  90.6%
   Ounces
    Produced
    (000)         204.7  193.6  113.3 167.1  317.7  316.4  188.3  282.9
   Equity Ounces
    Produced
    (000)         204.7  193.6  113.3 167.1  317.7  297.2  188.3  282.9
   Equity Ounces
    Sold (000)    220.4  193.2  123.8 167.8  342.0  296.2  213.1  281.2

   Production Costs
    Per Ounce:
     Direct
      mining and
      production
      costs        $302   $239   $228  $116   $236   $229   $261   $274
     Capitalized
      mining
      and other     (3)     12     (7)   (3)     7    (11)    (1)     7
     Cash
      operating
      costs         299    251    221   113    243    218    260    281
     Royalties and
      production
      taxes           9     10     11    11     23     20      8      9
     Total cash
      costs         308    261    232   124    266    238    268    290
     Reclamation
      and mine
      closure costs   4      3     --    (1)     1      1      5      4
     Total costs
      applicable
      to sales      312    264    232   123    267    239    273    294
     Depreciation
      and
      amortization   33     24    122    74     59     59     79     64
     Total
      production
      costs        $345   $288   $354  $197   $326   $298   $352   $358


  3. Gold Production Summary - Other

                           Batu Hijau,       Zarafshan,       Ovacik,
     Three Months           Indonesia        Uzbekistan       Turkey
      Ended June 30,       2004    2003      2004   2003   2004    2003
   Tons Mined
    (000 dry short tons)  54,393  61,712    n/a    n/a   2,092   1,019
   Tons Milled/Processed
    (000):
    Leach                    n/a     n/a  1,965  2,040     n/a     n/a
    Mill                  13,528  12,063    n/a    n/a     125     157
   Average Ore Grade
    (oz/ton)               0.019   0.015  0.045  0.044   0.347   0.355
   Average Mill
    Recovery Rate          79.4%   80.1%    n/a    n/a   95.5%   93.7%
   Ounces Produced (000)   204.8   147.8   60.7   60.6    41.1    50.6
   Equity Ounces
    Produced (000)         115.2    83.2   60.7   60.6    41.1    50.6
   Equity Ounces
    Sold (000)             111.2    91.9   68.9   61.6    69.5    51.2

   Production Costs
    Per Ounce:
    Direct mining and
     production costs       $136     n/a   $143   $148    $192    $113
    Capitalized mining
     and other                30     n/a      1      2     (12)     (1)
    Cash operating costs     166     n/a    144    150     180     112
    Royalties and
     production taxes          8     n/a     --     --      13      11
    Total cash costs         174     n/a    144    150     193     123
    Reclamation and
     mine closure costs        1     n/a      1      2       2       1
    Total costs applicable
     to sales                175     n/a    145    152     195     124
    Depreciation and
     amortization             42     n/a     45     47     125      74
    Total production costs  $217     n/a   $190   $199    $320    $198


                              Martha,        Minahasa,
     Three Months Ended     New Zealand      Indonesia
      June 30,             2004    2003     2004   2003
   Tons Mined
    (000 dry short tons)   1,229   1,526    n/a    n/a
   Tons Milled/Processed
    (000):
    Leach                    n/a     n/a    n/a    n/a
    Mill                     343     343    170    187
   Average Ore Grade
    (oz/ton)               0.103   0.073  0.158  0.151
   Average Mill
    Recovery Rate          90.8%   91.4%  90.1%  90.8%
   Ounces Produced (000)    30.5    23.0   24.5   25.7
   Equity Ounces
    Produced (000)          30.5    23.1   23.0   24.1
   Equity Ounces
    Sold (000)              30.1    27.7   23.6   26.4

   Production Costs
    Per Ounce:
    Direct mining and
     production costs       $299    $356   $308   $259
    Capitalized mining
     and other               (93)   (119)     3      3
    Cash operating costs     206     237    311    262
    Royalties and
     production taxes         --      --     (9)     5
    Total cash costs         206     237    302    267
    Reclamation and
     mine closure costs        3       2     (6)     5
    Total costs applicable
     to sales                209     239    296    272
    Depreciation and
     amortization            108     100      5     61
    Total production costs  $317    $339   $301   $333


                           Batu Hijau,       Zarafshan,       Ovacik,
     Six Months Ended       Indonesia        Uzbekistan        Turkey
      June 30,            2004     2003     2004   2003   2004   2003
   Tons Mined
    (000 dry
     short tons)         112,313 113,347    n/a    n/a   3,573   1,909
   Tons Milled/
    Processed
    (000):
    Leach                    n/a     n/a  3,944  4,034     n/a     n/a
    Mill                  26,606  24,651    n/a    n/a     241     284
   Average Ore Grade
    (oz/ton)               0.014   0.014  0.046  0.044   0.311   0.334
   Average Mill
    Recovery Rate          79.2%   78.7%    n/a    n/a   95.0%   93.5%
   Ounces Produced (000)   299.9   272.3  121.8  118.5    71.1    88.1
   Equity Ounces
    Produced (000)         168.7   153.2  121.8  118.5    71.1    88.1
   Equity Ounces
    Sold (000)             167.6   146.2  124.8  121.7    75.4    86.2

   Production Costs
    Per Ounce:
    Direct mining and
     production costs       $140     n/a   $144   $144    $208    $111
    Capitalized mining
     and other                27     n/a      2      2     (20)      2
    Cash operating costs     167     n/a    146    146     188     113
    Royalties and
     production taxes          8     n/a     --     --      14      12
    Total cash costs         175     n/a    146    146     202     125
    Reclamation and
     mine closure costs        2     n/a      1      2       1      --
    Total costs applicable
     to sales                177     n/a    147    148     203     125
    Depreciation and
     amortization             42     n/a     47     45     131      83
    Total production costs  $219     n/a   $194   $193    $334    $208


                              Martha,        Minahasa,
     Six Months Ended       New Zealand      Indonesia
      June 30,             2004    2003     2004  2003
   Tons Mined
    (000 dry short tons)   2,374   2,290    n/a    n/a
   Tons Milled/Processed
    (000):
     Leach                   n/a     n/a    n/a    n/a
     Mill                    712     636    336    372
   Average Ore Grade
    (oz/ton)               0.084   0.083  0.155  0.165
   Average Mill
    Recovery Rate          90.6%   90.8%  90.1%  90.4%
   Ounces Produced (000)    52.6    48.1   46.8   56.2
   Equity Ounces
    Produced (000)          52.6    46.5   44.0   52.8
   Equity Ounces
    Sold (000)              52.7    47.3   49.8   58.1

   Production Costs
    Per Ounce:
    Direct mining and
     production costs       $352    $293   $302   $242
    Capitalized mining
     and other              (127)    (64)     2      3
    Cash operating costs     225     229    304    245
    Royalties and
     production taxes         --      --     --      5
    Total cash costs         225     229    304    250
    Reclamation and
     mine closure costs        3       3     --      4
    Total costs applicable
     to sales                228     232    304    254
    Depreciation and
     amortization            120     100     53     56
    Total production costs  $348    $332   $357   $310


  4. Base Metal Summary - Batu Hijau and Golden Grove

                                   Three Months Ended   Six Months Ended
                                        June 30,            June 30,
      Batu Hijau                   2004 (1)  2003 (1)  2004 (1)  2003 (1)
   Total tons mined (000)           54,393    61,712   112,313   113,347
   Dry tons processed (000)         13,528    12,063    26,606    24,651
   Average copper grade              0.82%     0.71%     0.73%     0.70%
   Average recovery rate             90.4%     88.7%     88.3%     88.3%
   Copper produced (000 lbs)       200,735   151,706   341,804   304,014
   Equity copper produced
    (000 lbs)                      112,913    85,335   192,265   171,008
   Equity copper sold (000 lbs)    106,848    91,195   180,667   161,044
   Realized copper price per
    pound                            $1.06     $0.77     $1.24     $0.77

   Total cash cost per equity
    pound                            $0.46     $0.38     $0.54     $0.40
   Noncash cost per equity pound      0.12      0.14      0.14      0.15
   Total production cost
    per equity pound                 $0.58     $0.52     $0.68     $0.55

   (1) 2003 cash and total cost per pound have been presented pro forma on
       a co-product basis for comparability to 2004.


                                    Three Months Ended   Six Months Ended
                                         June 30,            June 30,
     Golden Grove                      2004      2003      2004     2003
   Total tons mined (000)               380       370       689      693
   Dry tons processed (000)             368       353       674      699

   Average copper grade               3.64%     4.27%     3.56%    5.00%
   Average copper
    recovery rate                     87.3%     91.8%     87.2%    91.3%
   Copper produced (000 lbs)         16,182    11,352    19,737   25,099
   Copper sold (000 lbs)             19,923    16,167    22,188   37,456
   Realized copper price per pound    $1.22     $0.75     $1.24    $0.80
   Copper cash cost per pound         $0.89     $0.60     $0.84    $0.56

   Average zinc grade                10.55%    11.82%    10.46%   12.21%
   Average zinc recovery rate         87.3%     88.4%     89.6%    90.6%
   Zinc produced (000 lbs)           18,783    35,071    59,077   74,876
   Zinc sold (000 lbs)               19,670    28,715    65,118   53,628
   Realized zinc price
    per pound                         $0.47     $0.34     $0.47    $0.35
   Zinc cash cost per pound           $0.37     $0.19     $0.37    $0.25

   Gold sold (000 ounces)               5.2       4.8       5.3      6.8
   Silver sold (000 ounces)           299.9     551.5     313.7    774.8


   5. Reconciliation of Costs Applicable to Sales to Total Cash Costs
      Per Ounce and Per Pound, and Total Production Costs Per Ounce and
      Per Pound (dollars in millions except per ounce amounts)

      The total cash costs and total production costs per ounce or pound
      are non-GAAP performance measures that are intended to provide
      investors with information about the cash generating capacities and
      profitability of Newmont's mining operations.  Newmont's management
      uses these measures for the same purpose and for monitoring the
      performance of its mining operations.  These measures differ from
      measures determined in accordance with GAAP and should not be
      considered in isolation or as a substitute for measures of
      performance or liquidity determined in accordance with GAAP.  These
      measures were developed in conjunction with gold mining companies
      associated with the Gold Institute in an effort to provide a level of
      comparability; however, Newmont's measures may not be comparable to
      similarly-titled measures of other companies.


   Three Months Ended
    June 30, 2004                                        Total
                               La     Golden             North
                    Nevada Herradura  Giant  Holloway  America  Yanacocha
   Costs
    applicable
    to sales
    under GAAP     $162.2    $3.0     $11.0   $6.6    $182.8     $96.0
    Minority
     interest          --      --        --     --        --     (48.6)
    Accretion
     expense         (1.3)     --        --     --      (1.3)     (0.7)
    Write-down of
     inventories       --      --        --     --        --        --
    Purchased ore
     and other       (6.8)     --        --    0.1      (6.7)       --

   Total cash cost
    for per ounce
    calculations    154.1     3.0      11.0    6.7     174.8      46.7
    Accretion
     expense and
     other            1.3      --        --     --       1.3       0.8
    Depreciation,
     depletion and
     amortization    31.6     1.0       3.2    1.6      37.4      47.9
    Minority
     interest
     and other         --      --        --     --        --     (21.6)

   Total production
    cost for
    per ounce
    calculations   $187.0    $4.0     $14.2   $8.3    $213.5     $73.8

   Equity ounces
    sold (000)      560.1    18.2      39.5   15.9     633.7     317.7
   Equity cash
    cost per
    ounce sold       $275    $162      $277   $423      $276      $147
   Equity total
    production
    cost per
    ounce sold       $334    $221      $361   $524      $337      $232



   Three Months Ended
    June 30, 2004           Total
                     Kori   South
                     Kollo America  Pajingo Kalgoorlie Yandal    Tanami
   Costs applicable
    to sales
    under GAAP       $4.6  $100.6     $14.6  $31.8     $25.1     $44.4
    Minority
     interest        (0.5)  (49.1)       --     --        --        --
    Accretion
     expense         (0.3)   (1.0)     (0.1)  (0.5)     (0.2)     (0.4)
    Write-down of
     inventories     (2.1)   (2.1)     (0.5)     --      (0.2)       --
    Purchased ore
     and other         --      --        --     --        --        --

   Total cash cost
    for per ounce
    calculations      1.7    48.4      14.0   31.3      24.7      44.0
    Accretion expense
     and other        0.3     1.1       0.1    0.5       0.2       0.4
    Depreciation,
     depletion and
     amortization     0.5    48.4       6.1    3.9       4.4      10.0
    Minority interest
     and other       (0.1)  (21.7)       --     --        --        --

   Total production
    cost for
    per ounce
    calculations     $2.4   $76.2     $20.2  $35.7     $29.3     $54.4

   Equity ounces
    sold (000)        5.6   323.3      48.6   98.5      72.0     158.9
   Equity cash cost
    per ounce sold   $305    $150      $290   $318      $341      $277
   Equity total
    production cost
    per ounce sold   $433    $236      $418   $362      $407      $343



   Three Months Ended
    June 30, 2004
                    Total    Batu
                  Australia Hijau  Zarafshan Minahasa  Martha    Ovacik
   Costs
    applicable
    to sales
    under GAAP     $115.9   $27.2     $10.1   $7.7      $6.3     $13.5
    Minority
     interest          --   (12.4)       --     --        --        --
    Accretion
     expense         (1.2)   (0.2)       --    0.1      (0.1)     (0.1)
    Write-down of
     inventories     (0.7)     --        --   (0.2)       --        --
    Purchased ore
     and other         --     4.6      (0.1)  (0.5)       --        --

   Total cash cost
    for per ounce
    calculations    114.0    19.2      10.0    7.1       6.2      13.4
    Accretion
     expense
     and other        1.2     0.2        --   (0.1)      0.1       0.1
    Depreciation,
     depletion and
     amortization    24.4     8.2       3.1    0.1       3.2       8.7
    Minority interest
     and other         --    (3.6)       --     --        --        --

   Total production
    cost for
    per ounce
    calculations   $139.6   $24.0     $13.1   $7.1      $9.5     $22.2

   Equity ounces
    sold (000)      378.0   111.2      68.9   23.6      30.1      69.5
   Equity cash cost
    per ounce sold   $302    $174      $144   $302      $206      $193
   Equity total
    production cost
    per ounce sold   $370    $217      $190   $301      $317      $320


   Three Months Ended
    June 30, 2004
                        Total Other    Total
                       International    Gold
   Costs applicable
    to sales
    under GAAP            $64.8       $464.1
    Minority
     interest             (12.4)       (61.5)
    Accretion
     expense               (0.3)        (3.8)
    Write-down
     of inventories        (0.2)        (3.0)
    Purchased ore
     and other              4.0         (2.7)

   Total cash cost
    for per ounce
    calculations           55.9        393.1
    Accretion expense
     and other              0.3          3.9
    Depreciation,
     depletion and
     amortization          23.3        133.5
    Minority interest
     and other             (3.6)       (25.3)

   Total production
    cost for
    per ounce
    calculations          $75.9       $505.2

   Equity ounces
    sold (000)            303.3      1,638.3
   Equity cash cost
    per ounce sold         $185         $240
   Equity total
    production
    cost per
    ounce sold             $251         $309


   Three Months Ended
    June 30, 2003                                                  Total
                                        La     Golden              North
                    Nevada  Mesquite Herradura  Giant   Holloway   America

   Costs applicable
    to sales
    under GAAP     $138.4    $2.4      $3.5  $13.8      $4.7    $162.8
    Minority
     interest          --      --        --     --        --        --
    Accretion
     expense         (1.5)      -         -   (0.5)     (0.1)     (2.1)
    Write-down of
     inventories       --      --        --     --        --        --
    Purchased ore
     and other       (3.2)     --        --     --        --      (3.2)

   Total cash cost
    for per ounce
    calculations    133.7     2.4       3.5   13.3       4.6     157.5
    Accretion
     expense
     and other        1.5      --        --    0.4       0.1       2.0
    Depreciation,
     depletion and
     amortization    34.7     1.6       0.9    4.4       1.1      42.7
    Minority interest
     and other         --      --        --     --        --        --

   Total production
    cost for
    per ounce
    calculations   $169.9    $4.0      $4.4  $18.1      $5.8    $202.2

   Equity ounces
    sold (000)      535.3    15.6      17.8   53.8      14.6     637.1
   Equity cash cost
    per ounce sold   $254    $153      $201   $248      $310      $251
   Equity total
    production cost
    per ounce sold   $323    $260      $253   $338      $396      $323


     Three Months Ended
     June 30, 2003
                                      Total
                              Kori    South
                  Yanacocha  Kollo   America Pajingo Kalgoorlie  Yandal
   Costs
    applicable
    to sales
    under GAAP      $83.5   $11.2     $94.7  $12.4     $29.7     $45.4
     Minority
      interest      (42.3)   (1.3)    (43.6)     --        --        --
     Accretion
      expense        (0.9)   (0.7)     (1.6)  (0.1)     (0.3)     (0.4)
     Write-down of
      inventories      --      --        --     --     (1.0)     (1.7)
     Purchased ore
      and other        --      --        --     --        --        --

   Total cash cost
    for per ounce
    calculations     40.3     9.2      49.5   12.3      28.4      43.3
    Accretion
     expense
     and other        0.9     0.7       1.6   (0.1)      0.3       0.4
    Depreciation,
     depletion and
     amortization    40.4     1.7      42.1    6.9       3.0       7.4
    Minority interest
     and other      (16.9)   (0.2)    (17.1)     --        --        --

   Total production
    cost for
    per ounce
    calculations    $64.7   $11.4     $76.1  $19.1     $31.7     $51.1

   Equity ounces
    sold (000)      343.7    48.9     392.6   93.8     104.2     141.9
   Equity cash cost
    per ounce sold   $118    $188      $127   $132      $272      $305
   Equity total
    production cost
    per ounce sold   $189    $233      $194   $204      $304      $360


      Three Months Ended
       June 30, 2003
                            Total     Batu
                   Tanami Australia Hijau(1) Zarafshan Minahasa Martha
   Costs
    applicable
    to sales
    under GAAP      $45.8  $133.3       n/a   $9.4      $7.7      $7.8
    Minority
     interest         0.1     0.1       n/a     --        --      (0.1)
    Accretion
     expense         (0.6)   (1.4)      n/a   (0.1)     (0.3)     (0.1)
    Write-down of
     inventories     (2.0)   (4.7)      n/a     --        --      (1.2)
    Purchased ore
     and other         --      --       n/a     --     (0.5)       --

   Total cash cost
    for per ounce
    calculations     43.3   127.3       n/a    9.3       6.9       6.4
    Accretion
     expense
     and other        0.2     0.8       n/a    0.1       0.3        --
    Depreciation,
     depletion and
     amortization    11.1    28.4       n/a    2.9       1.7       2.9
    Minority
     interest
     and other        0.1     0.1       n/a     --     (0.1)     (0.1)

   Total production
    cost for
    per ounce
    calculations    $54.7  $156.6       n/a  $12.3      $8.8      $9.2

   Equity ounces
    sold (000)      190.7   530.6       n/a   61.6      26.4      27.7
   Equity cash cost
    per ounce sold   $229    $241       n/a   $150      $267      $237
   Equity total
    production
    cost per
    ounce sold       $286    $295       n/a   $199      $333      $339


     Three Months Ended
      June 30, 2003
                                 Total
                                 Other      Total
                      Ovacik  International   Gold
   Costs applicable
    to sales
    under GAAP        $6.5       $31.4      $422.2
    Minority
     interest           --        (0.1)      (43.6)
    Accretion
     expense            --        (0.5)       (5.6)
    Write-down of
     inventories        --        (1.2)       (5.9)
    Purchased ore
     and other          --        (0.5)       (3.7)

   Total cash cost
    for per ounce
    calculations       6.5        29.1       363.4
    Accretion
     expense
     and other        (0.1)        0.3         4.7
    Depreciation,
     depletion and
     amortization      3.8        11.3       124.5
    Minority
     interest
     and other          --        (0.2)      (17.2)

   Total production
    cost for
    per ounce
    calculations     $10.2       $40.5      $475.4

   Equity ounces
    sold (000)        51.2       166.9     1,727.2
   Equity cash cost
    per ounce sold    $123        $175        $212
   Equity total
    production cost
    per ounce sold    $198        $243        $277


     Six Months Ended
      June 30, 2004
                                                        Total
                                La    Golden            North
                    Nevada  Herradura Giant  Holloway America Yanacocha
   Costs
    applicable
    to sales
    under GAAP      $354.9      $5.2   $23.9    $12.8    $396.8  $207.9
    Minority
     interest           --        --      --       --        --  (105.0)
    Accretion
     expense          (2.7)       --    (0.1)      --      (2.8)  (1.5)
    Write-down of
     inventories        --        --      --       --        --      --
    Purchased ore
     and other       (20.9)       --     0.1      0.1     (20.7)  (0.1)

   Total cash cost
    for per ounce
    calculations     331.3       5.2    23.9     12.9     373.3   101.3
    Accretion
     expense
     and other         2.7        --     0.1       --       2.8     1.5
    Depreciation,
     depletion and
     amortization     66.7       2.2     6.5      3.4      78.8   102.2
    Minority
     interest
     and other          --        --      --       --        --   (46.7)

   Total production
    cost for
    per ounce
    calculations    $400.7      $7.4   $30.5    $16.3    $454.9  $158.3

   Equity ounces
    sold (000)     1,177.5      35.5    92.2     35.1   1,340.3   728.0
   Equity cash
    cost per
    ounce sold        $281      $145    $259     $368      $278    $139
   Equity total
    production
    cost per
    ounce sold        $340      $210    $331     $466      $339    $217


     Six Months Ended
      June 30, 2004
                              Total
                      Kori    South
                     Kollo   America  Pajingo Kalgoorlie Yandal Tanami
   Costs
    applicable
    to sales
    under GAAP        $7.0    $214.9   $29.3    $68.8     $58.5   $94.2
    Minority
     interest         (0.8)   (105.8)     --       --        --      --
    Accretion
     expense          (0.5)     (2.0)  (0.2)    (0.9)     (1.1)  (0.6)
    Write-down of
     inventories      (2.1)     (2.1)  (0.5)      --      (0.2)  (2.7)
    Purchased ore
     and other          --      (0.1)     --       --        --      --

   Total cash cost
    for per ounce
    calculations       3.6     104.9    28.6     67.9      57.2    90.9
    Accretion
     expense
     and other         0.5       2.0      --      0.9       1.1     0.4
    Depreciation,
     depletion and
     amortization      1.6     103.8    15.2      7.4      16.7    20.0
    Minority
     interest
     and other         (0.2)    (46.9)     --       --        --      --

   Total production
    cost for
    per ounce
    calculations      $5.5    $163.8   $43.8    $76.2     $75.0  $111.3

   Equity ounces
    sold (000)        12.8     740.8   123.8    220.4     213.1   342.0
   Equity cash cost
    per ounce sold    $283      $142    $232     $308      $268    $266
   Equity total
    production cost
    per ounce sold    $430      $221    $354     $345      $352    $326


     Six Months Ended
      June 30, 2004
                     Total     Batu
                   Australia   Hijau Zarafshan Minahasa  Martha  Ovacik
   Costs
    applicable
    to sales
    under GAAP      $250.8     $40.8   $18.5    $16.4     $12.1   $15.4
    Minority
     interest           --     (18.5)     --       --        --      --
    Accretion
     expense           (2.8)     (0.3)  (0.1)      --      (0.2)  (0.2)
    Write-down of
     inventories       (3.4)       --      --     (0.2)      --      --
    Purchased ore
     and other          --       7.3    (0.1)    (1.0)      --      --

   Total cash cost
    for per ounce
    calculations     244.6      29.3    18.3     15.2      11.9    15.2
    Accretion
     expense
     and other         2.4       0.3     0.1       --       0.2     0.1
    Depreciation,
     depletion and
     amortization     59.3      12.5     5.8      2.8       6.3     9.9
    Minority
     interest
     and other          --      (5.5)     --     (0.2)      --      --

   Total production
    cost for
    per ounce
    calculations    $306.3     $36.6   $24.2    $17.8     $18.4   $25.2

   Equity ounces
    sold (000)       899.3     167.6   124.8     49.8      52.7    75.4
   Equity cash cost
    per ounce sold    $272      $175    $146     $304      $225    $202
   Equity total
    production cost
    per ounce sold    $341      $219    $194     $357      $348    $334


     Six Months Ended
      June 30, 2004

                  Total Other    Total
                 International   Gold
   Costs
    applicable
    to sales
    under GAAP       $103.2     $965.7
    Minority
     interest         (18.5)    (124.3)
    Accretion
     expense           (0.8)      (8.4)
    Write-down of
     inventories       (0.2)      (5.7)
    Purchased ore
     and other          6.2      (14.6)

   Total cash cost
    for per ounce
    calculations       89.9      812.7
    Accretion
     expense
     and other          0.7        7.9
    Depreciation,
     depletion and
     amortization      37.3      279.2
    Minority
     interest
     and other         (5.7)     (52.6)

   Total production
    cost for
    per ounce
    calculations     $122.2   $1,047.2

   Equity ounces
    sold (000)        470.3    3,450.7
   Equity cash cost
    per ounce sold    $191        $235
   Equity total
    production
    cost per
    ounce sold        $260        $303


     Six Months Ended
      June 30, 2003
                                                                 Total
                                         La    Golden            North
                    Nevada   Mesquite Herradura Giant  Holloway America

   Costs
    applicable
    to sales
    under GAAP      $283.9      $5.0   $5.7    $30.5     $10.1  $335.2
    Minority
     interest           --        --     --       --        --      --
    Accretion
    expense           (3.1)      (0.1)     -     (1.0)     (0.2)  (4.4)
    Write-down of
     inventories      (1.0)       --     --       --        --    (1.0)
    Purchased ore
     and other        (3.2)       --     --       --        --    (3.2)

   Total cash cost
    for per ounce
    calculations     276.6       4.9    5.7     29.5       9.9   326.6
    Accretion
     expense
     and other         3.1       0.1     --      0.9       0.2     4.3
    Depreciation,
     depletion and
     amortization     66.3       2.5    1.7     11.6       2.4    84.5
    Minority
     interest
     and other          --        --     --       --        --      --

   Total production
    cost for
    per ounce
    calculations    $346.0      $7.5   $7.4    $42.0     $12.5  $415.4

   Equity ounces
    sold (000)     1,168.2      30.2   34.4    119.0      32.7 1,384.5
   Equity cash cost
    per ounce sold    $239      $163   $166     $249      $301    $238
   Equity total
    production cost
    per ounce sold    $299      $250   $218     $353      $382    $302


     Six Months Ended
      June 30, 2003
                                       Total
                               Kori    South
                   Yanacocha  Kollo  America Pajingo Kalgoorlie Yandal
   Costs
    applicable
    to sales
    under GAAP      $169.0     $21.8 $190.8    $20.8     $52.1   $85.1
    Minority
     interest        (85.4)     (2.6) (88.0)      --        --      --
    Accretion
     expense          (1.7)     (1.1)  (2.8)    (0.1)     (0.8)  (1.1)
    Write-down of
     inventories        --        --     --       --      (1.0)  (2.4)
    Purchased ore
     and other          --        --     --       --        --      --

   Total cash cost
    for per ounce
    calculations      81.9      18.1  100.0     20.7      50.3    81.6
   Accretion
    expense
    and other          1.7       1.1    2.8     (0.1)     0.8     1.1
   Depreciation,
    depletion and
    amortization      75.9       3.9   79.8     12.5       4.6    18.0
   Minority
    interest
    and other        (33.1)      (0.5) (33.6)      --        --      --

   Total production
    cost for
    per ounce
    calculations    $126.4     $22.6 $149.0    $33.1     $55.7  $100.7

   Equity ounces
    sold (000)       678.8     100.7  779.5    167.8     193.2   281.2
   Equity cash cost
    per ounce sold    $121      $180   $129     $124      $261    $290
   Equity total
    production cost
    per ounce sold    $186      $224   $191     $197      $288    $358


     Six Months Ended
      June 30, 2003
                              Total     Batu
                     Tanami Australia Hijau(1) Zarafshan Minahasa Martha
   Costs
    applicable
    to sales
    under GAAP       $77.4    $235.4    n/a    $18.0     $17.1   $13.9
    Minority
     interest         (4.3)     (4.3)    n/a       --        --    (0.4)
    Accretion
     expense          (0.5)     (2.5)    n/a     (0.2)     (0.3)  (0.2)
    Write-down of
     inventories      (2.0)     (5.4)    n/a       --      (1.3)  (2.6)
    Purchased ore
     and other          --        --    n/a       --      (1.0)     --

   Total cash cost
    for per ounce
    calculations      70.6     223.2    n/a     17.8      14.5    10.7
    Accretion
     expense
     and other         0.1       1.9    n/a      0.2       0.3     0.1
    Depreciation,
     depletion and
     amortization     18.7      53.8    n/a      5.5       3.4     4.9
    Minority
     interest
     and other        (1.0)     (1.0)    n/a       --      (0.2)  (0.1)

   Total production
    cost for
    per ounce
    calculations     $88.4    $277.9    n/a    $23.5     $18.0   $15.6

   Equity ounces
    sold (000)       296.2     938.4    n/a    121.7      58.1    47.3
   Equity cash cost
    per ounce sold    $238      $238    n/a     $146      $250    $229
   Equity total
    production cost
    per ounce sold    $298      $296    n/a     $193      $310    $332


     Six Months Ended
      June 30, 2003
                               Total Other    Total
                     Ovacik   International    Gold
   Costs applicable
    to sales
    under GAAP       $10.9       $59.9       $821.3
    Minority
     interest           --        (0.4)       (92.7)
    Accretion
     expense          (0.1)       (0.8)       (10.5)
    Write-down of
     inventories        --        (3.9)       (10.3)
    Purchased ore
     and other          --        (1.0)        (4.2)

   Total cash cost
    for per ounce
    calculations      10.8        53.8        703.6
    Accretion
     expense
     and other          --         0.6          9.6
    Depreciation,
     depletion and
     amortization      7.2        21.0        239.1
    Minority interest
     and other          --        (0.3)       (34.9)

   Total production
    cost for
    per ounce
    calculations     $18.0       $75.1       $917.4

   Equity ounces
    sold (000)        86.2       313.3      3,415.7
   Equity cash cost
    per ounce sold    $125        $172         $207
   Equity total
    production cost
    per ounce sold    $208        $240         $269



   6. Reconciliation of Batu Hijau Costs Applicable to Sales to Total
      Production Cost Per Equity Copper Pound
      (in millions, except per pound)

                               Three Months Ended    Six Months Ended
                                    June 30,             June 30,
                                 2004 (1)  2003 (1)  2004 (1)   2003 (1)
   Costs applicable to sales
    per financial statements      $70.8      $31.8    $134.6     $61.1
   Minority interest              (31.8)      (5.0)    (61.0)    (12.5)
   Accretion expense               (0.4)      (0.8)     (0.9)     (1.7)
   Smelting and refining           10.7        9.1      25.0      17.5
   Total cash cost for
    per pound calculation          49.3       35.1      97.7      64.4
   Accretion expense                0.4        0.7       0.9       1.8
   Depreciation, depletion
    and amortization               21.5       19.9      42.6      38.6
   Minority interest               (9.5)      (8.7)    (18.7)    (16.9)
   Total production cost
    for per pound calculation     $61.7      $47.0    $122.5     $87.9

   Equity copper sold
    (000 lbs)                   106,848     91,195   180,667   161,044
   Total cash cost
    per equity pound             $0.46      $0.38     $0.54     $0.40
   Total production cost
    per equity pound             $0.58      $0.52     $0.68     $0.55

   (1) 2004 and 2003 cash and total production cost per pound presented on
       a co-product basis.



   7. Reconciliation of Golden Grove Costs Applicable to Sales to Copper
      and Zinc Cash Costs Per Pound (in millions, except per pound)

                                  Three Months Ended June 30,
                               2004                       2003
                     Total    Copper    Zinc    Total    Copper    Zinc
   Costs applicable
    to sales per
    financial
    statements       $22.3     $16.6    $5.7     $9.7      $8.8    $0.9
   Accretion expense  (0.2)     (0.1)  (0.1)    (0.1)     (0.1)     --
   Write-down
    inventories       (3.5)     (0.9)  (2.6)    (3.6)     (1.5)  (2.1)
   Smelting and
    refining           6.2       2.1     4.1      9.1       2.6     6.5
   Total cash cost
    for per pound
    calculation      $24.8     $17.7    $7.1    $15.1      $9.8    $5.3
   Total sold
    (000 lbs)          n/a    19,923  19,670      n/a    16,167  28,715
   Total cash cost
    per pound sold     n/a     $0.89   $0.37      n/a     $0.60   $0.19


                                 Six Months Ended June 30,
                                2004                       2003
                      Total    Copper  Zinc     Total    Copper   Zinc
   Costs applicable
    to sales per
    financial
    statements       $31.4     $17.1   $14.3    $24.9     $17.8    $7.1
   Accretion expense  (0.3)     (0.1)  (0.2)    (0.2)     (0.1)   (0.1)
   Write-down
    inventories       (3.5)     (0.9)  (2.6)    (6.8)     (2.9)   (3.9)
   Smelting and
    refining          15.3       2.6    12.7     16.3       6.2    10.1
   Total cash cost
    for per pound
    calculation      $42.9     $18.7   $24.2    $34.2     $21.0   $13.2
   Total sold
    (000 lbs)          n/a    22,188  65,118      n/a    37,456  53,628
   Total cash cost
    per pound sold     n/a     $0.84   $0.37      n/a     $0.56   $0.25


   8. Gold Hedge Position - Current Maturity Summary (1) (000 ounces)

                           Gold Put             Price
                            Option              Capped
                          Contracts           Contracts
         Years          Ozs   Price (2)       Ozs Price (2)
         2004            98        $293        --        --
         2005           205        $292       500      $350
         2006           100        $338        --        --
         2007            20        $397        --        --
         2008            --          --     1,000      $384
         2009            --          --       600      $381
         2010            --          --        --        --
         2011            --          --       250      $392
      Total/Average     423        $308     2,350      $377

   The mark-to-market value of the gold put option contracts was negative
   $9 million at June 30, 2004.

   Notes:

   (1) For more detailed descriptions, definitions and explanations, refer
       to the Company's Annual Report on Form 10-K for the year ended
       December 31, 2003.

   (2) Prices quoted are gross contract prices, which represent the gross
       cash flow per ounce of each contract. Not included in these prices
       are the additional cash outflows associated with borrowing gold over
       the life of the contract where the contracts are floating in nature.
       The rate at which gold is borrowed is determined over the life of
       the contract based on the prevailing market gold lease rate for the
       time period that the borrowing is fixed.The borrowing can be fixed
       for varying periods over the life of the contract.





The Company's second quarter earnings conference call and web cast presentation
will be held on Wednesday, July 28, 2004 beginning at 4:00 p.m. Eastern Time
(2:00 p.m. Mountain Time).  To participate:

   Dial-In Number:  [phone]
   Leader:          Russell Ball
   Password:        Newmont



The conference call will also be simultaneously carried on our web site at
http://www.newmont.com/ under Investor Information/Presentations and will be
archived there for a limited time.

Cautionary Statement

This news 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, that are intended to be covered by
the safe harbor created by such sections.  Such forward-looking statements
include, without limitation, (i) statements regarding future earnings, and the
sensitivity of earnings to the gold and other metals prices; (ii) estimates of
future gold and other metals production and sales; (iii) estimates of future
cash costs and total production costs; (iv) statements of future cash flows,
and the sensitivity of cash flows to the gold and other metals prices; (v)
estimates of future capital expenditures, expenses and tax rates; (vi)
estimates regarding timing of future production or closure activities; (vii)
statements regarding future exploration results and the replacement of
reserves; (viii) statements regarding future asset sales or rationalization
efforts; and (ix) estimates of future royalty revenues.  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, forward-looking 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 such
forward-looking statements.  Such risks 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 in the countries in which we operate,
and governmental regulation and judicial outcomes.  For a more detailed
discussion of such risks and other factors, see the Company's 2003 Annual
Report on Form 10-K, which is on file with the Securities and Exchange
Commission, 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," 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. 

PRNewswire -- July 28

FIRST AND FINAL ADD

DATASOURCE: Newmont Mining Corporation



Web site:  http://www.newmont.com/

Copyright