/FIRST AND FINAL ADD -- LATH060 -- Newmont Announces Fourth Quarter Net Income of $182 million ($0.41 per share)/

Share Name	Share Symbol	Market	Type
Nemetschek SE	TG:NEM	Tradegate	Ordinary Share

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/FIRST AND FINAL ADD -- LATH060 -- Newmont Announces Fourth Quarter Net Income of $182 million ($0.41 per share)/ Supplemental Information 1. Gold Production Summary -- Americas Nevada Canada (1) Three Months Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons): Open-Pit 48,308 44,990 n/a n/a Underground 452 477 261 265 Tons Milled/Processed (000): Oxide 1,436 1,119 265 285 Refractory 2,444 2,264 n/a n/a Leach 5,085 5,757 n/a n/a Average Ore Grade (oz/ ton): Oxide 0.113 0.126 0.231 0.319 Refractory 0.217 0.228 n/a n/a Leach 0.034 0.026 n/a n/a Average Mill Recovery Rate: Oxide 79.3% 77.3% 94.4% 95.6% Refractory 91.6% 90.5% n/a n/a Ounces Produced (000) 703.6 701.5 60.6 85.6 Equity Ounces Produced (000): Oxide 130.9 118.6 60.6 85.6 Refractory 453.5 473.3 n/a n/a Leach 84.7 109.6 n/a n/a Total 669.1 701.5 60.6 85.6 Equity Ounces Sold (000) 668.2 625.7 60.6 82.9 Production Costs Per Ounce: Direct mining and production costs $253 $235 $320 $209 Capitalized mining and other 6 (18) 1 -- Cash operating costs 259 217 321 209 Royalties and production taxes 6 4 2 3 Total cash costs 265 221 323 212 Reclamation and mine closure costs 2 (9) 2 3 Total costs applicable to sales 267 212 325 215 Depreciation and amortization 47 60 77 102 Total production costs $314 $272 $402 $317 Other (2) Yanacocha, Peru Three Months Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons): Open-Pit 3,049 2,778 45,112 50,173 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 n/a n/a n/a Leach 1,038 968 31,435 31,958 Average Ore Grade (oz/ ton): Oxide n/a n/a n/a n/a Refractory n/a n/a n/a n/a Leach 0.025 0.026 0.029 0.024 Average Mill Recovery Rate: Oxide n/a n/a n/a n/a Refractory n/a n/a n/a n/a Ounces Produced (000) 17.4 22.3 847.3 667.2 Equity Ounces Produced (000): Oxide n/a n/a n/a n/a Refractory n/a n/a n/a n/a Leach 17.4 22.3 435.1 342.7 Total 17.4 22.3 435.1 342.7 Equity Ounces Sold (000) 17.4 23.3 436.0 337.9 Production Costs Per Ounce: Direct mining and production costs $139 $170 $124 $123 Capitalized mining and other (23) (3) (6) (3) Cash operating costs 116 167 118 120 Royalties and production taxes -- 4 6 6 Total cash costs 116 171 124 126 Reclamation and mine closure costs 2 2 2 4 Total costs applicable to sales 118 173 126 130 Depreciation and amortization 64 48 60 59 Total production costs $182 $221 $186 $189 Kori Kollo, Bolivia Three Months Ended December 31, 2004 2003 Tons Mined (000 dry short tons): Open-Pit n/a -- Underground n/a n/a Tons Milled/Processed (000): Oxide n/a n/a Refractory n/a 159 Leach n/a -- Average Ore Grade (oz/ ton): Oxide n/a n/a Refractory n/a 0.026 Leach n/a -- Average Mill Recovery Rate: Oxide n/a n/a Refractory n/a 39.2% Ounces Produced (000) 5.7 14.8 Equity Ounces Produced (000): Oxide n/a n/a Refractory n/a 4.8 Leach 5.0 8.1 Total 5.0 12.9 Equity Ounces Sold (000) 4.9 14.0 Production Costs Per Ounce: Direct mining and production costs $226 $179 Capitalized mining and other (23) (14) Cash operating costs 203 165 Royalties and production taxes 18 -- Total cash costs 221 165 Reclamation and mine closure costs 48 21 Total costs applicable to sales 269 186 Depreciation and amortization 59 74 Total production costs $328 $260 (1) Includes Golden Giant and Holloway (2) Other includes La Herradura and for 2003, La Herradura and Mesquite Nevada Canada (1) Year Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons): Open-Pit 192,821 176,254 n/a n/a Underground 1,574 1,733 1,001 1,191 Tons Milled/Processed (000): Oxide 4,626 2,914 1,004 1,228 Refractory 8,985 9,129 n/a n/a Leach 19,297 18,376 n/a n/a Average Ore Grade (oz/ ton): Oxide 0.125 0.140 0.232 0.260 Refractory 0.199 0.219 n/a n/a Leach 0.027 0.028 n/a n/a Average Mill Recovery Rate: Oxide 79.1% 80.8% 94.3% 95.3% Refractory 90.8% 90.6% n/a n/a Ounces Produced (000) 2,460.4 2,560.7 224.7 297.8 Equity Ounces Produced (000): Oxide 461.2 336.0 224.7 297.8 Refractory 1,544.8 1,834.2 n/a n/a Leach 332.5 390.5 n/a n/a Total 2,338.5 2,560.7 224.7 297.8 Equity Ounces Sold (000) 2,416.0 2,490.8 227.4 294.8 Production Costs Per Ounce: Direct mining and production costs $295 $248 $314 $241 Capitalized mining and other (22) (20) 2 2 Cash operating costs 273 228 316 243 Royalties and production taxes 5 7 2 3 Total cash costs 278 235 318 246 Reclamation and mine closure costs 3 -- 1 6 Total costs applicable to sales 281 235 319 252 Depreciation and amortization 52 57 81 93 Total production costs $333 $292 $400 $345 Other (2) Yanacocha, Peru Year Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons): Open-Pit 11,557 11,696 193,407 204,889 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 n/a n/a n/a Leach 4,149 4,035 133,514 145,275 Average Ore Grade (oz/ ton): Oxide n/a n/a n/a n/a Refractory n/a n/a n/a n/a Leach 0.026 0.026 0.025 0.027 Average Mill Recovery Rate: Oxide n/a n/a n/a n/a Refractory n/a n/a n/a n/a Ounces Produced (000) 68.8 116.0 3,017.3 2,851.1 Equity Ounces Produced (000): Oxide n/a n/a n/a n/a Refractory n/a n/a n/a n/a Leach 68.8 116.0 1,549.4 1,464.1 Total 68.8 116.0 1,549.4 1,464.1 Equity Ounces Sold (000) 68.8 117.0 1,561.0 1,467.9 Production Costs Per Ounce: Direct mining and production costs $153 $169 $135 $118 Capitalized mining and other (7) (4) (6) (4) Cash operating costs 146 165 129 114 Royalties and production taxes -- 6 6 6 Total cash costs 146 171 135 120 Reclamation and mine closure costs 1 3 2 2 Total costs applicable to sales 147 174 137 122 Depreciation and amortization 73 62 70 62 Total production costs $220 $236 $207 $184 Kori Kollo, Bolivia Year Ended December 31, 2004 2003 Tons Mined (000 dry short tons): Open-Pit n/a 7,638 Underground n/a n/a Tons Milled/Processed (000): Oxide n/a n/a Refractory n/a 5,559 Leach n/a 3,696 Average Ore Grade (oz/ ton): Oxide n/a n/a Refractory n/a 0.036 Leach n/a 0.017 Average Mill Recovery Rate: Oxide n/a n/a Refractory n/a 61.7% Ounces Produced (000) 25.2 176.2 Equity Ounces Produced (000): Oxide n/a n/a Refractory n/a 112.9 Leach 22.2 42.1 Total 22.2 155.0 Equity Ounces Sold (000) 21.7 158.5 Production Costs Per Ounce: Direct mining and production costs $257 $197 Capitalized mining and other (13) (13) Cash operating costs 244 184 Royalties and production taxes 16 -- Total cash costs 260 184 Reclamation and mine closure costs 43 13 Total costs applicable to sales 303 197 Depreciation and amortization 94 38 Total production costs $397 $235 (1) Includes Golden Giant and Holloway (2) Other includes La Herradura and for 2003, La Herradura and Mesquite 2. Gold Production Summary -- Australia/New Zealand Pajingo Yandal (1) Three Months Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons) 181 185 662 1,765 Tons Milled/Processed (000) 208 194 624 1,226 Average Ore Grade (oz/ton) 0.343 0.472 0.155 0.143 Average Mill Recovery Rate 96.3% 96.8% 93.4% 92.5% Ounces Produced (000) 69.5 82.2 88.5 157.2 Equity Ounces Produced (000) 69.5 82.2 88.5 157.2 Equity Ounces Sold (000) 69.4 71.6 88.3 132.6 Production Costs Per Ounce: Direct mining and production costs $225 $132 $249 $238 Capitalized mining and other (6) (4) (1) (10) Cash operating costs 219 128 248 228 Royalties and production taxes 13 16 11 12 Total cash costs 232 144 259 240 Reclamation and mine closure costs 1 (1) 3 (1) Total costs applicable to sales 233 143 262 239 Depreciation and amortization 136 119 59 42 Total production costs $369 $262 $321 $281 Tanami Kalgoorlie Three Months Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons) 492 4,466 11,431 13,061 Tons Milled/Processed (000) 1,157 1,087 1,870 1,844 Average Ore Grade (oz/ton) 0.142 0.157 0.069 0.071 Average Mill Recovery Rate 95.6% 95.6% 85.7% 87.8% Ounces Produced (000) 156.3 161.9 124.2 112.0 Equity Ounces Produced (000) 156.3 161.9 124.2 112.0 Equity Ounces Sold (000) 152.2 139.3 123.1 95.5 Production Costs Per Ounce: Direct mining and production costs $301 $214 $295 $258 Capitalized mining and other (1) (4) (9) (5) Cash operating costs 300 210 286 253 Royalties and production taxes 22 34 11 12 Total cash costs 322 244 297 265 Reclamation and mine closure costs 2 -- 3 (4) Total costs applicable to sales 324 244 300 261 Depreciation and amortization 58 61 36 30 Total production costs $382 $305 $336 $291 Martha Three Months Ended December 31, 2004 2003 Tons Mined (000 dry short tons) 518 1,431 Tons Milled/Processed (000) 349 367 Average Ore Grade (oz/ton) 0.121 0.106 Average Mill Recovery Rate 91.0% 91.1% Ounces Produced (000) 39.3 35.7 Equity Ounces Produced (000) 39.3 35.7 Equity Ounces Sold (000) 40.2 35.4 Production Costs Per Ounce: Direct mining and production costs $270 $197 Capitalized mining and other (69) (54) Cash operating costs 201 143 Royalties and production taxes -- -- Total cash costs 201 143 Reclamation and mine closure costs 2 2 Total costs applicable to sales 203 145 Depreciation and amortization 93 93 Total production costs $296 $238 (1) 2004 includes Jundee. 2003 includes Jundee, Bronzewing and Wiluna. Pajingo Yandal (1) Year Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons) 652 761 6,982 4,496 Tons Milled/Processed (000) 809 792 2,821 5,236 Average Ore Grade (oz/ton) 0.300 0.450 0.133 0.123 Average Mill Recovery Rate 96.5% 96.8% 92.9% 91.0% Ounces Produced (000) 241.1 340.5 354.7 590.8 Equity Ounces Produced (000) 241.1 340.5 354.7 590.8 Equity Ounces Sold (000) 251.4 330.3 379.3 565.6 Production Costs Per Ounce: Direct mining and production costs $226 $124 $266 $261 Capitalized mining and other (7) (6) (1) 2 Cash operating costs 219 118 265 263 Royalties and production taxes 11 11 9 10 Total cash costs 230 129 274 273 Reclamation and mine closure costs 1 -- 5 2 Total costs applicable to sales 231 129 279 275 Depreciation and amortization 125 88 70 64 Total production costs $356 $217 $349 $339 Tanami Kalgoorlie Year Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons) 11,654 20,395 45,459 49,290 Tons Milled/Processed (000) 4,525 4,533 7,142 7,171 Average Ore Grade (oz/ton) 0.149 0.145 0.072 0.071 Average Mill Recovery Rate 95.3% 96.0% 86.7% 85.9% Ounces Produced (000) 640.0 629.6 453.2 421.2 Equity Ounces Produced (000) 640.0 610.4 453.2 421.2 Equity Ounces Sold (000) 658.0 588.6 468.4 404.7 Production Costs Per Ounce: Direct mining and production costs $246 $222 $280 $256 Capitalized mining and other 11 (6) 7 (3) Cash operating costs 257 216 287 253 Royalties and production taxes 24 24 10 10 Total cash costs 281 240 297 263 Reclamation and mine closure costs 1 1 4 2 Total costs applicable to sales 282 241 301 265 Depreciation and amortization 58 59 35 24 Total production costs $340 $300 $336 $289 Martha Year Ended December 31, 2004 2003 Tons Mined (000 dry short tons) 4,142 5,270 Tons Milled/Processed (000) 1,405 1,357 Average Ore Grade (oz/ton) 0.102 0.088 Average Mill Recovery Rate 90.4% 91.6% Ounces Produced (000) 129.7 110.2 Equity Ounces Produced (000) 129.7 108.5 Equity Ounces Sold (000) 130.5 108.9 Production Costs Per Ounce: Direct mining and production costs $292 $288 Capitalized mining and other (80) (89) Cash operating costs 212 199 Royalties and production taxes -- -- Total cash costs 212 199 Reclamation and mine closure costs 3 2 Total costs applicable to sales 215 201 Depreciation and amortization 105 105 Total production costs $320 $306 (1) 2004 includes Jundee for the full year and Bronzewing for the first quarter. 2003 includes Jundee, Bronzewing and Wiluna. 3. Gold Production Summary -- Indonesia and Central Asia Batu Hijau, Minahasa, Indonesia Indonesia Three Months Ended December 31, 2004 2003(1) 2004 2003 Tons Mined (000 dry short tons) 63,548 56,798 n/a n/a Tons Milled/Processed (000): Leach n/a n/a n/a n/a Mill 14,424 12,868 -- 153 Average Ore Grade (oz/ton) 0.014 0.011 -- 0.150 Average Mill Recovery Rate 80.6% 81.6% -- 90.3% Ounces Produced (000) 172.7 120.1 -- 20.9 Equity Ounces Produced (000) 91.3 67.5 -- 19.6 Equity Ounces Sold (000) 94.6 66.2 -- 11.0 Production Costs Per Ounce: Direct mining and production costs $144 $162 -- $374 Capitalized mining and other (29) (48) -- 3 Cash operating costs 115 114 -- 377 Royalties and production taxes 9 17 -- 6 Total cash costs 124 131 -- 383 Reclamation and mine closure costs 1 3 -- 12 Total costs applicable to sales 125 134 -- 395 Depreciation and amortization 44 58 -- 156 Total production costs $169 $192 -- $551 Zarafshan, Ovacik, Uzbekistan Turkey Three Months Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons) n/a n/a -- 1,914 Tons Milled/Processed (000): Leach 1,965 1,964 n/a n/a Mill n/a n/a -- 98 Average Ore Grade (oz/ton) 0.037 0.042 -- 0.376 Average Mill Recovery Rate n/a n/a -- 97.0% Ounces Produced (000) 38.9 48.6 -- 36.5 Equity Ounces Produced (000) 38.9 48.6 -- 36.5 Equity Ounces Sold (000) 39.2 46.2 -- 30.5 Production Costs Per Ounce: Direct mining and production costs $154 $140 -- $158 Capitalized mining and other 3 4 -- (30) Cash operating costs 157 144 -- 128 Royalties and production taxes -- -- -- 16 Total cash costs 157 144 -- 144 Reclamation and mine closure costs 2 10 -- 6 Total costs applicable to sales 159 154 -- 150 Depreciation and amortization 55 47 -- 81 Total production costs $214 $201 -- $231 (1) 2003 cash and total cost per ounce have been presented on a pro forma co-product basis for comparability to 2004. Batu Hijau, Minahasa, Indonesia Indonesia Year Ended December 31, 2004 2003(1) 2004 2003 Tons Mined (000 dry short tons) 235,455 231,073 n/a n/a Tons Milled/Processed (000): Leach n/a n/a n/a n/a Mill 54,243 49,819 441 697 Average Ore Grade (oz/ton) 0.016 0.015 0.158 0.156 Average Mill Recovery Rate 80.9% 80.9% 90.5% 91.0% Ounces Produced (000) 718.8 600.8 63.8 99.3 Equity Ounces Produced (000) 398.5 337.9 59.9 93.3 Equity Ounces Sold (000) 396.3 328.9 70.2 92.2 Production Costs Per Ounce: Direct mining and production costs $110 $140 $248 $240 Capitalized mining and other 9 (36) 3 3 Cash operating costs 119 104 251 243 Royalties and production taxes 9 17 8 6 Total cash costs 128 121 259 249 Reclamation and mine closure costs 1 4 4 5 Total costs applicable to sales 129 125 263 254 Depreciation and amortization 40 54 32 78 Total production costs $169 $179 $295 $332 Zarafshan, Ovacik, Uzbekistan Turkey Year Ended December 31, 2004 2003 2004 2003 Tons Mined (000 dry short tons) n/a n/a 4,659 5,975 Tons Milled/Processed (000): Leach 7,894 8,080 n/a n/a Mill n/a n/a 331 533 Average Ore Grade (oz/ton) 0.042 0.043 0.320 0.343 Average Mill Recovery Rate n/a n/a 95.4% 94.3% Ounces Produced (000) 205.0 218.7 104.8 172.6 Equity Ounces Produced (000) 205.0 218.7 104.8 172.6 Equity Ounces Sold (000) 210.1 218.1 110.0 168.2 Production Costs Per Ounce: Direct mining and production costs $150 $145 $202 $127 Capitalized mining and other 2 2 (23) (11) Cash operating costs 152 147 179 116 Royalties and production taxes -- -- 14 13 Total cash costs 152 147 193 129 Reclamation and mine closure costs 2 4 2 2 Total costs applicable to sales 154 151 195 131 Depreciation and amortization 49 46 143 82 Total production costs $203 $197 $338 $213 (1) 2003 cash and total cost per ounce have been presented on a pro forma co-product basis for comparability to 2004. 4. Base Metal Summary -- Batu Hijau and Golden Grove Three Months Ended Year Ended December 31, December 31, Batu Hijau 2004 (1) 2003 (1) 2004 (1) 2003 (1) Total tons mined (000) 63,548 56,798 235,455 231,073 Dry tons processed (000) 14,424 12,868 54,243 49,819 Average copper grade 0.67% 0.64% 0.75% 0.72% Average recovery rate 84.7% 86.6% 87.8% 88.6% Copper produced (000 lbs) 170,919 145,955 716,939 634,123 Equity copper produced (000 lbs) 90,373 82,100 397,510 356,694 Equity copper sold (000 lbs) 86,850 79,089 378,801 343,378 Realized copper price per pound $1.39 $1.05 $1.33 $0.86 Total cash cost per equity pound $0.65 $0.57 $0.60 $0.46 Noncash cost per equity pound 0.15 0.17 0.14 0.14 Total production cost per equity pound $0.80 $0.74 $0.74 $0.60 (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 Year Ended December 31, December 31, Golden Grove 2004 2003 2004 2003 Total tons mined (000) 356 393 1,404 1,457 Dry tons processed (000) 338 362 1,366 1,406 Average copper grade 3.07% 3.66% 3.12% 4.56% Average copper recovery rate 90.5% 86.1% 88.1% 90.9% Copper produced (000 lbs) 13,885 10,809 40,684 57,799 Copper sold (000 lbs) 13,862 28,136 43,467 74,303 Realized copper price per pound $1.33 $0.96 $1.36 $0.86 Copper cash cost per pound $1.01 $0.67 $0.90 $0.59 Average zinc grade 14.36% 12.47% 10.45% 12.40% Average zinc recovery rate 88.3% 88.3% 88.8% 89.9% Zinc produced (000 lbs) 13,218 33,031 101,917 120,425 Zinc sold (000 lbs) 22,392 41,579 114,835 104,711 Realized zinc price per pound $0.48 $0.39 $0.48 $0.43 Zinc cash cost per pound $0.35 $0.14 $0.38 $0.19 Gold sold (000 ounces) 3.8 3.0 19.3 13.4 Silver sold (000 ounces) 235.8 309.8 1,093.4 1,475.6 5. Reconciliation of Costs Applicable to Sales to Total Cash Cost 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. Total Three Months Ended Golden La North December 31, Nevada Giant Holloway Canada Herradura America Costs applicable to sales under GAAP $190.6 $12.8 $6.8 $19.6 $2.0 $212.2 Minority interest -- -- -- -- -- -- Accretion expense (1.4) (0.1) -- (0.1) -- (1.5) Write-down of inventories -- -- -- -- -- -- Purchased ore and other (11.9) -- -- -- -- (11.9) Total cash cost for per ounce calculations 177.3 12.7 6.8 19.5 2.0 198.8 Accretion expense and other 1.4 0.1 -- 0.1 -- 1.5 Depreciation, depletion and amortization 31.1 2.2 2.5 4.7 1.1 36.9 Minority interest and other -- -- -- -- -- -- Total production cost for per ounce calculations $209.8 $15.0 $9.3 $24.3 $3.1 $237.2 Equity ounces sold (000) 668.2 41.6 19.0 60.6 17.4 746.2 Equity cash cost per ounce sold $265 $307 $360 $323 $116 $267 Equity total production cost per ounce sold $314 $362 $491 $402 $182 $318 Three Months Ended December 31, Kori South 2004 Yanacocha Kollo America Pajingo Yandal Tanami Costs applicable to sales under GAAP $111.9 $1.5 $113.4 $16.3 $23.1 $53.5 Minority interest (57.3) (0.2) (57.5) -- -- -- Accretion expense (0.8) (0.2) (1.0) (0.1) (0.3) (0.3) Write-down of inventories -- -- -- (0.1) -- (4.2) Purchased ore and other 0.4 -- 0.4 -- -- -- Total cash cost for per ounce calculations 54.2 1.1 55.3 16.1 22.8 49.0 Accretion expense and other 0.8 0.2 1.0 0.1 0.3 0.3 Depreciation, depletion and amortization 46.8 0.3 47.1 9.5 5.2 8.8 Minority interest and other (20.7) -- (20.7) -- -- -- Total production cost for per ounce calculations $81.1 $1.6 $82.7 $25.7 $28.3 $58.1 Equity ounces sold (000) 436.0 4.9 440.9 69.4 88.3 152.2 Equity cash cost per ounce sold $124 $221 $125 $232 $259 $322 Equity total production cost per ounce sold $186 $328 $188 $369 $321 $382 Three Months Ended Australia/ December 31, New Batu 2004 Kalgoorlie Martha Zealand Hijau Minahasa Indonesia Costs applicable to sales under GAAP $37.0 $8.2 $138.1 $22.2 $0.1 $22.3 Minority interest -- -- -- (10.9) -- (10.9) Accretion expense (0.4) (0.1) (1.2) (0.1) -- (0.1) Write-down of inventories -- -- (4.3) -- -- -- Purchased ore and other -- -- -- 0.5 -- 0.5 Total cash cost for per ounce calculations 36.6 8.1 132.6 11.7 0.1 11.8 Accretion expense and other 0.4 0.1 1.2 0.1 -- 0.1 Depreciation, depletion and amortization 4.4 3.7 31.6 7.9 -- 7.9 Minority interest and other -- -- -- (3.7) -- (3.7) Total production cost for per ounce calculations $41.4 $11.9 $165.4 $16.0 0.1 $16.1 Equity ounces sold (000) 123.1 40.2 473.2 94.6 -- 94.6 Equity cash cost per ounce sold $297 $201 $280 $124 -- $124 Equity total production cost per ounce sold $336 $296 $350 $169 -- $169 Three Months Ended Central December 31, 2004 Zarafshan Ovacik Asia Total Gold Costs applicable to sales under GAAP $6.2 $0.1 $6.3 $492.3 Minority interest -- -- -- (68.4) Accretion expense (0.1) (0.1) (0.2) (4.0) Write-down of inventories -- -- -- (4.3) Purchased ore and other -- -- -- (11.0) Total cash cost for per ounce calculations 6.1 -- 6.1 404.6 Accretion expense and other 0.1 0.1 0.2 4.0 Depreciation, depletion and amortization 2.1 2.9 5.0 128.5 Minority interest and other -- (2.9) (2.9) (27.3) Total production cost for per ounce calculations $8.3 $0.1 $8.4 $509.8 Equity ounces sold (000) (1) 39.2 -- 39.2 1,794.1 Equity cash cost per ounce sold $157 -- $157 $226 Equity total production cost per ounce sold $214 -- $214 $284 (1) Excludes 3.8 ounces from Golden Grove. Three Months Ended December 31, Golden La 2003 Nevada Giant Holloway Canada Mesquite Herradura Costs applicable to sales under GAAP $141.7 $12.4 $5.4 $17.8 $1.7 $2.3 Minority interest -- -- -- -- -- -- Accretion expense 4.9 (0.1) (0.1) (0.2) -- -- Write-down of inventories -- -- -- -- -- -- Purchased ore and other (21.1) -- -- -- -- -- Total cash cost for per ounce calculations 125.5 12.3 5.3 17.6 1.7 2.3 Accretion expense and other (4.9) 0.1 0.1 0.2 -- -- Depreciation, depletion and amortization 34.3 7.0 1.5 8.5 0.3 0.9 Minority interest and other -- -- -- -- -- -- Total production cost for per ounce calculations $154.9 $19.4 $6.9 $26.3 $2.0 $3.2 Equity ounces sold (000) 625.7 67.9 15.0 82.9 6.4 16.9 Equity cash cost per ounce sold $221 $181 $353 $212 $259 $137 Equity total production cost per ounce sold $272 $286 $460 $317 $306 $188 Three Months Ended December 31, North Kori South 2003 America Yanacocha Kollo America Pajingo Yandal Costs applicable to sales under GAAP $163.5 $88.2 $3.0 $91.2 $10.4 $31.9 Minority interest -- (44.8) (0.3) (45.1) -- -- Accretion expense 4.7 (0.9) (0.3) (1.2) -- 0.1 Write-down of inventories -- -- -- -- -- (0.3) Purchased ore and other (21.1) -- -- -- -- -- Total cash cost for per ounce calculations 147.1 42.5 2.4 44.9 10.4 31.7 Accretion expense and other (4.7) 0.9 0.3 1.2 (0.1) (0.1) Depreciation, depletion and amortization 44.0 36.0 1.2 37.2 8.5 5.6 Minority interest and other -- (15.8) (0.1) (15.9) -- -- Total production cost for per ounce calculations $186.4 $63.6 $3.8 $67.4 $18.8 $37.2 Equity ounces sold (000) 731.9 337.9 14.0 351.9 71.6 132.6 Equity cash cost per ounce sold $218 $126 $165 $128 $144 $240 Equity total production cost per ounce sold $276 $189 $260 $192 $262 $281 Three Months Ended Australia/ December 31, New 2003 Tanami Kalgoorlie Martha Zealand Minahasa Zarafshan Costs applicable to sales under GAAP $34.3 $25.0 $5.2 $106.8 $4.6 $7.2 Minority interest -- -- -- -- -- -- Accretion expense (0.4) 0.3 (0.1) (0.1) (0.1) (0.5) Write-down of inventories -- -- -- (0.3) -- -- Purchased ore and other -- -- -- -- (0.3) -- Total cash cost for per ounce calculations 33.9 25.3 5.1 106.4 4.2 6.7 Accretion expense and other 0.1 (0.3) 0.1 (0.3) 0.1 0.5 Depreciation, depletion and amortization 8.5 2.9 3.3 28.8 1.8 2.1 Minority interest and other -- -- -- -- (0.2) -- Total production cost for per ounce calculations $42.5 $27.9 $8.5 $134.9 $5.9 $9.3 Equity ounces sold (000) 139.3 95.5 35.4 474.4 11.0 46.2 Equity cash cost per ounce sold $244 $265 $143 $224 $383 $144 Equity total production cost per ounce sold $305 $291 $238 $284 $551 $201 Three Months Ended December 31, 2003 Ovacik Central Asia Total Gold Costs applicable to sales under GAAP $4.7 $11.9 $378.0 Minority interest -- -- (45.1) Accretion expense (0.2) (0.7) 2.6 Write-down of inventories (0.1) (0.1) (0.4) Purchased ore and other -- -- (21.4) Total cash cost for per ounce calculations 4.4 11.1 313.7 Accretion expense and other 0.1 0.6 (3.1) Depreciation, depletion and amortization 2.5 4.6 116.4 Minority interest and other -- -- (16.1) Total production cost for per ounce calculations $7.0 $16.3 $410.9 Equity ounces sold (000) (1) 30.5 76.7 1,645.9 Equity cash cost per ounce sold $144 $144 $197 Equity total production cost per ounce sold $231 $213 $259 (1) Excludes 66.2 ounces from equity investments and 3.0 ounces from Golden Grove. Year Ended December 31, 2004 Golden La North Nevada Giant Holloway Canada Herradura America Costs applicable to sales under GAAP $716.3 $47.6 $24.7 $72.3 $10.1 $798.7 Minority interest -- -- -- -- -- -- Accretion expense (5.6) (0.3) (0.1) (0.4) (0.1) (6.1) Write-down of inventories -- -- -- -- -- -- Purchased ore and other (38.4) 0.2 0.1 0.3 -- (38.1) Total cash cost for per ounce calculations 672.3 47.5 24.7 72.2 10.0 754.5 Accretion expense and other 5.6 0.3 0.1 0.4 0.1 6.1 Depreciation, depletion and amortization 126.8 11.4 7.0 18.4 5.0 150.2 Minority interest and other -- -- -- -- -- -- Total production cost for per ounce calculations $804.7 $59.2 $31.8 $91.0 $15.1 $910.8 Equity ounces sold (000) 2,416.0 160.0 67.4 227.4 68.8 2,712.2 Equity cash cost per ounce sold $278 $297 $367 $318 $146 $278 Equity total production cost per ounce sold $333 $370 $473 $400 $220 $336 Year Ended December 31, Kori South 2004 Yanacocha Kollo America Pajingo Yandal Tanami Costs applicable to sales under GAAP $432.6 $9.8 $442.4 $59.4 $105.9 $194.2 Minority interest (218.8) (1.2) (220.0) -- -- -- Accretion expense (3.1) (0.9) (4.0) (0.3) (1.7) (1.2) Write-down of inventories -- (2.1) (2.1) (1.1) (0.2) (8.2) Purchased ore and other (0.1) -- (0.1) -- -- -- Total cash cost for per ounce calculations 210.6 5.6 216.2 58.0 104.0 184.8 Accretion expense and other 3.1 0.9 4.0 0.1 1.7 1.0 Depreciation, depletion and amortization 198.0 2.3 200.3 31.4 26.8 37.9 Minority interest and other (88.8) (0.3) (89.1) -- -- -- Total production cost for per ounce calculations $322.9 $8.5 $331.4 $89.5 $132.5 $223.7 Equity ounces sold (000) 1,561.0 21.7 1,582.7 251.4 379.3 658.0 Equity cash cost per ounce sold $135 $260 $137 $230 $274 $281 Equity total production cost per ounce sold $207 $397 $209 $356 $349 $340 Year Ended Australia/ December 31, New Batu 2004 Kalgoorlie Martha Zealand Hijau Minahasa Indonesia Costs applicable to sales under GAAP $140.9 $28.1 $528.5 $91.2 $19.8 $111.0 Minority interest -- -- -- (42.1) -- (42.1) Accretion expense (1.7) (0.4) (5.3) (0.5) (0.3) (0.8) Write-down of inventories -- -- (9.5) -- (0.2) (0.2) Purchased ore and other -- -- -- 2.1 (1.2) 0.9 Total cash cost for per ounce calculations 139.2 27.7 513.7 50.7 18.1 68.8 Accretion expense and other 1.7 0.4 4.9 0.5 0.3 0.8 Depreciation, depletion and amortization 16.2 13.8 126.1 28.2 2.4 30.6 Minority interest and other -- -- -- (12.6) (0.1) (12.7) Total production cost for per ounce calculations $157.1 $41.9 $644.7 $66.8 $20.7 $87.5 Equity ounces sold (000) 468.4 130.5 1,887.6 396.3 70.2 466.5 Equity cash cost per ounce sold $297 $212 $272 $128 $259 $148 Equity total production cost per ounce sold $336 $320 $342 $169 $295 $188 Year Ended Central December 31, 2004 Zarafshan Ovacik Asia Total Gold Costs applicable to sales under GAAP $32.4 $22.9 $55.3 $1,935.9 Minority interest -- -- -- (262.1) Accretion expense (0.3) (0.4) (0.7) (16.9) Write-down of inventories -- (1.3) (1.3) (13.1) Purchased ore and other (0.1) -- (0.1) (37.4) Total cash cost for per ounce calculations 32.0 21.2 53.2 1,606.4 Accretion expense and other 0.3 0.2 0.5 16.3 Depreciation, depletion and amortization 10.3 18.6 28.9 536.1 Minority interest and other -- (2.9) (2.9) (104.7) Total production cost for per ounce calculations $42.6 $37.1 $79.7 $2,054.1 Equity ounces sold (000) (1) 210.1 110.0 320.1 6,969.1 Equity cash cost per ounce sold $152 $193 $166 $231 Equity total production cost per ounce sold $203 $338 $249 $295 (1) Excludes 19.3 ounces from Golden Grove. Year Ended December 31, Golden La 2003 Nevada Giant Holloway Canada Mesquite Herradura Costs applicable to sales under GAAP $597.8 $53.4 $20.8 $74.2 $9.3 $11.1 Minority interest -- -- -- -- -- -- Accretion expense 0.1 (1.3) (0.5) (1.8) (0.2) (0.1) Write-down of inventories (2.9) -- -- -- -- -- Purchased ore and other (32.1) -- -- -- -- -- Total cash cost for per ounce calculations 562.9 52.1 20.3 72.4 9.1 11.0 Accretion expense and other (0.1) 1.3 0.5 1.8 0.2 0.1 Depreciation, depletion and amortization 137.7 22.0 5.3 27.3 3.9 3.4 Minority interest and other -- -- -- -- -- -- Total production cost for per ounce calculations $700.5 $75.4 $26.1 $101.5 $13.2 $14.5 Equity ounces sold (000) 2,490.8 229.7 65.1 294.8 49.2 67.8 Equity cash cost per ounce sold $235 $227 $312 $246 $184 $162 Equity total production cost per ounce sold $292 $329 $402 $345 $267 $214 Year Ended December 31, North Kori South 2003 America Yanacocha Kollo America Pajingo Yandal Costs applicable to sales under GAAP $692.4 $362.5 $35.6 $398.1 $42.9 $158.7 Minority interest -- (183.5) (4.2) (187.7) -- -- Accretion expense (2.0) (3.4) (2.1) (5.5) (0.1) (1.5) Write-down of inventories (2.9) -- -- -- -- (3.0) Purchased ore and other (32.1) -- -- -- -- -- Total cash cost for per ounce calculations 655.4 175.6 29.3 204.9 42.8 154.2 Accretion expense and other 2.0 3.4 2.1 5.5 (0.3) 1.4 Depreciation, depletion and amortization 172.3 160.4 6.8 167.2 29.2 35.8 Minority interest and other -- (70.1) (0.8) (70.9) -- -- Total production cost for per ounce calculations $829.7 $269.3 $37.4 $306.7 $71.7 $191.4 Equity ounces sold (000) 2,902.6 1,467.9 158.5 1,626.4 330.3 565.6 Equity cash cost per ounce sold $233 $120 $184 $126 $129 $273 Equity total production cost per ounce sold $295 $184 $235 $189 $217 $339 Year Ended Australia/ December 31, New 2003 Tanami Kalgoorlie Martha Zealand Minahasa Zarafshan Costs applicable to sales under GAAP $148.9 $108.4 $24.9 $483.8 $26.3 $32.9 Minority interest (4.2) -- (0.3) (4.5) -- -- Accretion expense (1.2) (0.8) (0.4) (4.0) (0.5) (0.7) Write-down of inventories (2.0) (1.0) (2.6) (8.6) (1.3) -- Purchased ore and other -- -- -- -- (1.6) -- Total cash cost for per ounce calculations 141.5 106.6 21.6 466.7 22.9 32.2 Accretion expense and other 0.2 0.8 0.2 2.3 0.5 0.7 Depreciation, depletion and amortization 36.0 9.8 11.5 122.3 7.6 10.1 Minority interest and other (1.0) -- (0.1) (1.1) (0.5) -- Total production cost for per ounce calculations $176.7 $117.2 $33.2 $590.2 $30.5 $43.0 Equity ounces sold (000) 588.6 404.7 108.9 1,998.1 92.2 218.1 Equity cash cost per ounce sold $240 $263 $199 $234 $249 $147 Equity total production cost per ounce sold $300 $289 $306 $295 $332 $197 Year Ended Central December 31, 2003 Ovacik Asia Total Gold Costs applicable to sales under GAAP $22.3 $55.2 $1,655.8 Minority interest -- -- (192.2) Accretion expense (0.4) (1.1) (13.1) Write-down of inventories (0.1) (0.1) (12.9) Purchased ore and other -- -- (33.7) Total cash cost for per ounce calculations 21.8 54.0 1,403.9 Accretion expense and other 0.2 0.9 11.2 Depreciation, depletion and amortization 13.9 24.0 493.4 Minority interest and other -- -- (72.5) Total production cost for per ounce calculations $35.9 $78.9 $1,836.0 Equity ounces sold (000) (1) 168.2 386.3 7,005.6 Equity cash cost per ounce sold $129 $139 $203 Equity total production cost per ounce sold $213 $204 $266 (1) Excludes 364.6 ounces from equity investments in Batu Hijau, TVX Newmont Americas and Echo Bay Mines Limited and 13.4 ounces from Golden Grove. 6. Reconciliation of Costs Applicable to Sales to Total Cash Cost Per Ounce, and Total Production Cost Per Ounce (dollars in millions except per ounce amounts) Three Months Ended Year Ended December 31, 2003 December 31, 2003 Batu Batu Hijau(1) Minahasa Indonesia Hijau(1) Minahasa Indonesia Costs applicable to sales under GAAP $14.5 $4.6 $19.1 $68.9 $26.3 $95.2 Minority interest (6.0) -- (6.0) (29.7) -- (29.7) Accretion expense (0.2) (0.1) (0.3) (1.2) (0.5) (1.7) Write-down of inventories -- -- -- -- (1.3) (1.3) Purchased ore and other 0.4 (0.3) 0.1 1.8 (1.6) 0.2 Total cash cost for per ounce calculations 8.7 4.2 12.9 39.8 22.9 62.7 Accretion expense and other 0.2 0.1 0.3 1.2 0.5 1.7 Depreciation, depletion and amortization 6.7 1.8 8.5 32.0 7.6 39.6 Minority interest and other (2.9) (0.2) (3.1) (14.0) (0.5) (14.5) Total production cost for per ounce calculations $12.7 $5.9 $18.6 $59.0 $30.5 $89.5 Equity ounces sold (000) 66.2 11.0 77.2 328.9 92.2 421.1 Equity cash cost per ounce sold $131 $383 $167 $121 $249 $149 Equity total production cost per ounce sold $192 $551 $243 $179 $332 $212 (1) Cash and total production cost per ounce presented on a pro forma co-product basis. 7. Reconciliation of Batu Hijau Costs Applicable to Sales to Total Cash Cost Per Equity Pound, and Total Production Cost Per Equity Pound (dollars in millions except per pound amounts) Three Months Ended Year Ended December 31, December 31, 2004 2003(1) 2004 2003(1) Costs applicable to sales per financial statements $80.1 $56.1 $304.7 $196.2 Minority interest (38.9) (25.8) (140.7) (90.5) Accretion expense (0.4) (0.7) (1.7) (3.0) Smelting and refining 15.3 15.5 66.0 55.1 Total cash cost for per pound calculation 56.1 45.1 228.3 157.8 Accretion expense 0.4 0.7 1.7 3.0 Depreciation, depletion and amortization 24.4 22.6 89.3 79.9 Minority interest (11.5) (9.9) (39.9) (35.0) Total production cost for per pound calculation $69.4 $58.5 $279.4 $205.7 Equity copper sold (000 lbs) 86,850 79,089 378,801 343,378 Total cash cost per equity pound $0.65 $0.57 $0.60 $0.46 Total production cost per equity pound $0.80 $0.74 $0.74 $0.60 (1) 2003 cash and total production cost per pound presented on a pro forma co-product basis. 8. Reconciliation of Golden Grove Costs Applicable to Sales to Total Cash Cost Per Pound, and Total Production Cost Per Equity Pound (dollars in millions except per pound amounts) Three Months Ended December 31, 2004 2003 Total Copper Zinc Total Copper Zinc Costs applicable to sales per financial statements $16.0 $13.3 $2.7 $13.8 $15.3 ($1.5) Accretion expense (0.1) (0.1) -- (0.1) -- (0.1) Write-down inventories (0.2) (0.6) 0.4 (0.1) -- (0.1) Smelting and refining and purchased concentrates 6.2 1.4 4.8 10.9 3.4 7.5 Total cash cost for per pound calculation $21.9 $14.0 $7.9 $24.5 $18.7 $5.8 Total sold (000 lbs) n/a 13,862 22,392 n/a 28,136 41,579 Total cash cost per pound sold n/a $1.01 $0.35 n/a $0.67 $0.14 Year Ended December 31, 2004 2003 Total Copper Zinc Total Copper Zinc Costs applicable to sales per financial statements $61.8 $38.7 $23.1 $43.5 $37.4 $6.1 Accretion expense (0.6) (0.3) (0.3) (0.4) (0.2) (0.2) Write-down inventories (8.2) (2.9) (5.3) (7.2) (3.9) (3.3) Smelting and refining and purchased concentrates 29.3 3.8 25.5 27.4 10.6 16.8 Total cash cost for per pound calculation $82.3 $39.3 $43.0 $63.3 $43.9 $19.4 Total sold (000 lbs) n/a 43,467 114,835 n/a 74,303 104,711 Total cash cost per pound sold n/a $0.90 $0.38 n/a $0.59 $0.19 9. Reconciliation of Total Newmont Costs Applicable to Sales to Total Copper Cash Cost Per Equity Pound, (dollars in millions except per pound amounts) Three Months Ended Year Ended December 31, December 31, 2004 2003(1) 2004 2003(1) Costs applicable to sales per financial statements $93.4 $71.4 $343.4 $233.6 Minority interest (38.9) (25.8) (140.7) (90.5) Accretion expense (0.5) (0.7) (2.0) (3.2) Write-down inventories (0.6) -- (2.9) -- Smelting and refining 16.7 18.9 69.8 65.7 Total cash cost for per pound calculation $70.1 $63.8 $267.6 $205.6 Equity copper sold (000 lbs) 100,712 107,225 422,268 417,681 Total cash cost per equity pound $0.70 $0.59 $0.63 $0.48 (1) 2003 total cash cost per equity pound presented on a pro forma co-product basis. 10. Gold Hedge Position -- Current Maturity Summary (1)(3) (000 ounces) Gold Put Option Contracts Price Capped Contracts Years Ozs Price(2) Ozs Price(2) 2005 205 $292 500 $350 2006 100 $338 -- -- 2007 20 $397 -- -- 2008 -- -- 1,000 $384 2009 -- -- 600 $381 2010 -- -- -- -- 2011 -- -- 250 $392 Total/Average 325 $313 2,350 $377 The mark-to-market value of the gold put option contracts was negative $8.9 million at December 31, 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, 2004 to be filed in March 2005. (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. (3) In addition to the gold hedge positions shown in the table above, the Company entered into a prepaid forward gold sales contract in July 1999, which is reflected as debt on the Company's consolidated balance sheet. Under the prepaid forward gold sales contract, the Company agreed to sell 483,333 ounces of gold, to be delivered in June of each of 2005, 2006 and 2007 in annual installments of 161,111 ounces of gold. For more detailed descriptions, definitions and explanations, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2004 to be filed in March 2005. The Company's fourth quarter earnings conference call and web cast presentation will be held on February 24, 2005 beginning at 4:00 p.m. Eastern Time (2:00 p.m. Mountain Time). To participate: Dial-In Number: (773) 756-0828 Leader: Randy Engel 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. Investor Contacts Randy Engel Telephone: (303) 837-6033 Email: Wendy Yang Telephone: (303) 837-6141 Email: Jennifer Van Dinter Telephone: (303) 837-5165 Email: Media Contacts Doug Hock Telephone: (303) 837-5812 Email: 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) estimates of future gold and other metals production and sales; (ii) estimates of future cash costs and total production costs; (iii) estimates of future capital expenditures, expenses and tax rates; (iv) estimates regarding timing of future production or closure activities; (v) statements regarding future exploration results and the replacement of reserves; (vi) statements regarding future asset sales or rationalization efforts; and (vii) 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 -- Feb. 24 END FIRST AND FINAL ADD DATASOURCE: Newmont Mining Corporation Web site: http://www.newmont.com/

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