SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549

FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
OCTOBER 29, 2003
NEWMONT MINING CORPORATION
 (Exact name of registrant as specified in its charter)

DELAWARE
 (State or Other Jurisdiction of Incorporation)

001-31240
 (Commission File Number)

84-1611629
 (I.R.S. Employer Identification No.

1700 LINCOLN STREET, DENVER, COLORADO 80203
 (Address of principal executive offices) (zip code)

(303) 863-7414
 (Registrant's telephone number,
including area code)

Not Applicable
 (Former Name or Former Address, if Changed Since Last Report)

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
The following information is furnished pursuant to Item 9 "Regulation FD Disclosure" and Item 12 "Results of Operations and Financial Condition".
On October 29, 2003, Newmont Mining Corporation, a Delaware corporation, issued a news release reporting its results for the third quarter of 2003. A copy of the news release is furnished as Exhibit 99.1 to this report.
2

SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                                        By: /s/ Britt D. Banks
                                            ----------------------------------
                                        Name:  Britt D. Banks
                                        Title: Vice President, General Counsel
                                               and Secretary
Dated: October 29, 2003	

3

EXHIBIT INDEX

Exhibit Number             Description of Exhibits
--------------             -----------------------
99.1                       Press Release dated October 29, 2003	

4

Exhibit 99.1
Newmont Mining Announces Third Quarter Net Income of $114.4 Million ($0.28 per share) and Nine Month Net Income of $322.5 Million ($0.80 per share, basic)
DENVER, Oct. 29 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (the Company) (NYSE: NEM) today announced third quarter net income applicable to common shares of $114.4 million ($0.28 per share), a 450% increase from the net income of $20.8 million ($0.05 per share) for the third quarter of 2002. Newmont earned net income of $322.5 million ($0.80 per share, basic) for the nine months ended September 30, 2003, a 307% increase from the $79.2 million ($0.22 per share) for the year-ago period. Third quarter highlights include:
* Equity gold sales(1) of 2.06 million ounces at total cash costs of $201 per ounce;(2)
* Net cash provided by operating activities of $209.5 million; and
* Net debt to total capitalization reduced to approximately 13%, with cash and cash equivalents of $419.4 million at the end of the third quarter.
Wayne W. Murdy, Chairman and Chief Executive Officer of Newmont, said:
"Newmont's outstanding third quarter results are further evidence of the strength of our portfolio of core operating assets. Higher gold prices and significantly higher margins are being reflected in strong bottom-line earnings per share growth. For the full year, we expect to be at the higher end of our previous gold sales forecast of between 7.2 million and 7.4 million ounces."

                           Third Quarter              Nine Months
                         2003          2002         2003          2002
 Financial (in
 millions, except
 per share)
  Revenues              $897.0        $720.1     $2,392.7      $1,859.1
  Net cash provided
   by operating
   activities           $209.5        $247.1       $434.4        $445.1
  Net income applicable
   to common shares     $114.4         $20.8       $322.5         $79.2
  Net income per
   common share, basic   $0.28         $0.05        $0.80         $0.22
Operating
  Equity gold
   sales (000
   ounces)(1)            2,064         2,088        5,669         5,416
  Average realized
   price ($/oz)           $366          $315         $357          $308
  Total cash costs
   ($/oz)(2)              $201          $189         $205          $193
  Total production
   costs ($/oz)(2)        $265          $247         $268          $252	

1. Equity gold sales ounces are those attributable to Newmont's ownership or economic interest.
2. For a reconciliation of total cash costs and total production costs per ounce (non-GAAP measures of performance) to costs applicable to sales calculated and presented under GAAP, please refer to the Supplemental Information attached.
Financial & Operating Review
Third quarter net income applicable to common shares was $114.4 million
($0.28 per share), compared with net income of $20.8 million ($0.05 per share)
for the third quarter of 2002. For the first nine months, net income applicable to common shares was $322.5 million ($0.80 per share, basic) compared with net income of $79.2 million ($0.22 per share) for the first nine months of 2002.
During the third quarter, the Company sold 2,064,100 equity ounces of gold, essentially unchanged from the 2,088,000 equity ounces sold a year ago. The quarter saw strong performance at the Company's core operations in Nevada, Australia, Yanacocha and Batu Hijau. In particular, Yanacocha had an exceptional quarter with equity gold sales of 451,200 ounces, a 37% increase over the year ago quarter, at total cash costs of $113 per ounce. At Batu Hijau, net cash costs were $0.10 per pound, a record low, as higher ore grades were processed (due to the planned mining sequence) and higher gold by-product credits were received. The average realized gold price for the third quarter was $366 per ounce, a 16% increase over the prior year period.
During the first nine months, the Company sold 5,668,500 equity ounces of gold, 5% higher than the prior year period. The increase in ounces sold largely reflects the February 15, 2002 acquisition date of Franco-Nevada and Normandy Mining, as well as higher gold sales from Yanacocha. The average realized gold price for the first nine months was $357 per ounce, a 16% increase over the prior year period.
The Company generated cash from operating activities of $209.5 million in the third quarter. For the first nine months, cash from operating activities totaled $555.4 million, before utilizing $121.0 million for the settlement of effective derivative instruments classified as cash flow hedges.
The following items impacted net income for the third quarter of 2003:
-- a net $13.6 million ($0.03 per share) after-tax loss on investments, primarily related to the sale of 28 million shares of Kinross Gold; -- a $32.8 million ($0.08 per share), after-tax loss for the change in fair value of gold derivative instruments that do not qualify as _effective hedges_ and are thus recognized in income; -- a $14.5 million ($0.04 per share) after-tax gain on the extinguishment of Newmont Yandal Operations Pty Ltd (NYOL) bonds; -- a $20.9 million ($0.05 per share) after-tax gain on the extinguishment of NYOL derivative liabilities; and -- other miscellaneous charges totaling $3.0 million, after-tax ($0.01 per share).
These items had the net effect of reducing net income by $14.0 million ($0.03 per share).
Operating Highlights - Third Quarter

  North America        Q3 2003       Q3 2002      YTD 2003      YTD 2002
Equity gold sales
 (000 ozs)              786.2         836.4      2,170.7       2,292.0
Total cash costs
 ($/oz)(1)               $239          $222         $238          $228	

* At the North American operations, third quarter gold sales of 786,200 ounces were 6% lower than the year ago quarter due to marginally lower gold sales from Nevada and a 25% decline in gold sales from the Canadian operations.
* The Nevada operations sold 696,900 ounces in the third quarter, a 3% decrease from the third quarter of 2002. Total cash costs of $240 per ounce were 7% higher than a year ago, primarily attributable to higher reagent costs and contractor costs, as well as higher cost production from the Deep Post underground mine due to the ongoing ground remediation efforts. Recoveries at the roaster and autoclaves were excellent, averaging 91% in the third quarter compared to 86% in the year ago quarter.
* Golden Giant in Canada sold 42,800 ounces in the third quarter (-29%) as a result of fewer ore stopes. Total cash costs were 10% higher than a year ago at $238 per ounce due to a stronger Canadian dollar and a 41% decline in tons milled, partially offset by a 55% improvement in ore grades processed.
* Holloway in Canada sold 17,400 equity ounces in the third quarter (-13%) due to an expected decline in ore grades (-20%). Total cash costs of $297 per ounce were 84% higher than a year ago. Cash costs were impacted by a stronger Canadian dollar, a 13% decrease in tons mined and lower sales due to lower ore grades processed.
* La Herradura in Mexico sold 16,500 equity ounces in the third quarter (-7%) due to slower than anticipated leach recoveries. Total cash costs of $181 per ounce were 7% higher than a year ago due to lower gold sales.
* Mesquite in California sold 12,600 ounces at total cash costs of $196 per ounce. An agreement to sell the Mesquite operations to Western Goldfields was entered into in July 2003 and this transaction is now expected to close in November.

South America          Q3 2003       Q3 2002     YTD 2003      YTD 2002
Equity gold sales
 (000 ozs)              495.0         394.5      1,274.5       1,015.0
Total cash costs
 ($/oz)(1)               $121          $124         $125          $135	

* Yanacocha in Peru had an exceptional quarter, selling a record 451,200 equity ounces (+37%) at total cash costs of $113 per ounce (-5%). Higher grade ores (+18%), quicker leach recoveries from the recently completed Carachugo leach pad expansion and the installation of additional carbon columns contributed to record gold sales in the third quarter. Equity gold sales are, however, likely to be lower in the fourth quarter.
* Kori Kollo in Bolivia sold 43,800 equity ounces (-33%) as the mine approaches closure. Kori Kollo processed lower grade ores (-19%) and mined 71% less tons compared to the year ago quarter. As a result, total cash costs at $199 per ounce were 31% higher than a year ago.

   Australia            Q3 2003     Q3 2002       YTD 2003     YTD 2002
Equity gold sales
 (000 ozs)              511.8         475.3      1,450.2       1,171.6
Total cash costs
 ($/oz)(1)               $235          $201         $237          $192	

* At the Australian operations, third quarter gold sales of 511,800 ounces were up 8% from the year ago quarter, with increased sales at Kalgoorlie, Pajingo and Tanami. Cash costs at $235 per ounce were up 17%, largely due to the impact of a stronger Australian dollar, which has risen approximately 25% against the U.S. dollar over the past 12 months.
* Kalgoorlie sold 116,000 equity ounces (+23%) at total cash costs of $266 per ounce (+19%). Higher average ore grades (+12%), increased mill throughput (+11%) and improved recoveries helped mitigate the impact of a stronger Australian dollar.
* Pajingo sold 90,900 ounces (+18%) at total cash costs of $128 per ounce (+31%). Higher sales were driven by higher mill throughput (+4%) and improved ore grades (+27%). Higher cash costs are attributable to a stronger Australian dollar and increased royalty payments.
* Tanami sold 153,100 ounces (+15%) at total cash costs of $241 per ounce (+17%). Higher cash costs were primarily attributable to a stronger Australian dollar.
* Yandal sold 151,800 ounces (-11%) at total cash costs of $269 per ounce (+16%). Lower sales were primarily the result of lower grade ores milled at the Bronzewing mine (-21%). Bronzewing is expected to complete mining at the end of the first quarter of 2004.

     Batu Hijau
    (Indonesia)        Q3 2003      Q3 2002       YTD 2003      YTD 2002
Equity copper
 sales (M lbs)          103.2         114.5        264.3         271.4
Equity gold
 sales (000 ozs)        116.5          96.9        262.7         200.2
Net cash costs
 ($/lb Cu)(1)           $0.10         $0.24        $0.19         $0.31	

* Batu Hijau in Indonesia had an exceptional quarter. Net cash costs for the third quarter were a record $0.10 per pound, a 58% reduction from the year ago quarter, driven by significantly higher ore grades, higher gold by-product credits and lower treatment and refining charges. Higher ore grades in the third quarter are generally a function of the long-term mine plan, which accesses higher grade ores during the dry season.
* Equity copper sales of 103.2 million pounds for the third quarter were 10% lower than the year ago quarter as tons processed decreased by 15% compared to the year ago quarter when softer ores were processed.
* Batu Hijau contributed equity income of $36.0 million in the third quarter, benefiting from a 36% higher realized copper price of $0.84 per pound, compared to $0.62 for the year ago quarter.

 Other Operations      Q3 2003       Q3 2002      YTD 2003      YTD 2002
Equity gold
 sales (000 ozs)        151.0         162.9        464.3         467.0
Total cash
 costs ($/oz)(1)         $160          $149         $168          $151	

* Zarafshan in Uzbekistan sold 50,200 equity ounces (-29%) at total cash costs of $153 per ounce (+25%). Decreased sales and higher unit cash costs were due to lower grade ores placed on the leach pads (-24%).
* Ovacik in Turkey sold 51,500 ounces (+41%) due to increased throughput (+45%) as tons mined increased (+66%) due to a pit extension. Total cash costs were slightly higher than the year ago quarter at $128 per ounce (+4%).
* Martha in New Zealand sold 26,200 equity ounces (-5%) at total cash costs of $217 per ounce (+57%). Lower sales were driven by lower grade ores processed (-27%). Higher total cash costs were driven by mill liner replacement costs, higher power and consumables as well as a stronger New Zealand dollar.
* Minahasa in Indonesia sold 23,100 equity ounces (-18%). While mining ceased at Minahasa in October 2001, the processing of stockpiled ore is expected to continue through the second quarter of 2004. Total cash costs were $182 per ounce (-30%).
1. For a reconciliation of total cash costs per ounce or net cash costs per pound (non-GAAP measures of performance) to costs applicable to sales calculated and presented under GAAP, please refer to the Supplemental Information attached.
Other Highlights
Cash Position
Cash and cash equivalents totaled $419.4 million at the end of the third quarter. During the third quarter, cash flow from operations plus the cash generated from the sale of Kinross Gold shares was utilized for:
-- the extinguishment of the remaining NYOL derivative obligations ($26.2 million);
-- net repayment of long-term debt ($138.7 million); -- capital expenditures on property, plant and mine development ($151.1 million); and
-- payment of dividends ($16.4 million).
Debt Reduction
The Company's balance sheet continues to strengthen, with net repayment of $138.7 million of long-term debt during the quarter. The net debt to total capitalization ratio decreased to approximately 13% at the end of the third quarter, from 16% at the end of the second quarter and 20% at the end of 2002.
On September 22, the Company announced the early redemption of the $100 million Battle Mountain Gold 6% Convertible Subordinated Debentures. Payment of approximately $104.9 million in principal and accrued interest will be made to bondholders on October 29.
On October 10, the Company announced a tender offer for approximately $177 million of a subsidiary's 8.375% Senior Debentures due 2005. As of October 27, approximately $123.5 million had been irrevocably tendered. The offer is scheduled to expire on November 7, 2003, unless extended.
On October 23, the Company announced a tender offer for $90 million of a subsidiary's 7.5% Notes due 2005. The offer is scheduled to expire on November 19, 2003, unless extended.
Australian Gold Hedge Books
The Company substantially eliminated the Australian gold hedge books during the quarter. Committed ounces were reduced by 195,000 ounces through the resolution of the NYOL insolvency process in Australia. NYOL was returned to the control of its Board of Directors on September 9.
Newmont Capital
Portfolio optimization efforts continue. During the quarter, Newmont Capital:
-- reduced the Company's interest in Kinross Gold to approximately 4.9% through the sale of 28 million Kinross Gold shares, realizing pre-tax proceeds of $224.6 million;
-- finalized a letter of intent with a subsidiary of Placer Dome America for a 25% interest in the Turquoise Ridge Joint Venture, as announced on September 24;
-- advanced the acquisition of Moydow's 50% interest in the Ntotoroso property in the Ahafo project in Ghana;
-- sold the Company's 24% stake in the Mt. Woods joint venture in Southern Australia for approximately 13% of Minotaur Resources Ltd.;
-- secured a letter of intent with Southwestern Resources for a potential joint venture covering its Liam gold-silver project in south-central Peru. In addition, subscribed to a $5.0 million private placement in Southwestern Resources;
-- entered into joint ventures with Adelaide Resources in South Australia, Andean American Mining in central Peru and with AXMIN in Mali; and
-- obtained an agreement for the sale of Yandal's Wiluna mine to a management-led group of investors for approximately $2.8 million.
Newmont Capital also manages the Company's royalty business. For the quarter, royalty revenues totaled $15.8 million, compared with $7.9 million for the year ago quarter. For the nine months, royalty revenues totaled $40.8 million, significantly higher than the $22.9 million for the first nine months of 2002. The increase is attributable to higher gold, oil and gas prices and a full year of revenues in 2003 compared to a partial year in 2002 due to the February 15, 2002 acquisition date of Franco-Nevada.
Exploration & Project Development
On September 24, the Company provided updated information on a number of projects that, if developed as currently anticipated, will increase annual gold sales from between 7.3 million and 7.4 million ounces in 2003 to approximately 7.7 million ounces in 2007. In addition, total cash costs are expected to decrease from the current 2003 forecast of between $202 and $208 per ounce to between $175 and $190 per ounce in 2007.
In Nevada, gold production commenced at the Gold Quarry South Layback in Nevada. The Leeville project is proceeding well with surface facilities essentially complete. The sinking of the ventilation and production shafts is continuing on schedule. Leeville is expected to begin gold production in the fourth quarter of 2005. Engineering work for a bio-flotation circuit for Mill 5 is underway with an expected start-up in the fourth quarter of 2004. The Company expects bio-flotation, an $18 million capital investment, to increase the bio-milling process recovery rate from 55% to approximately 75% and, more importantly, to provide an economic process to treat mid-grade refractory material that would otherwise have been considered waste. At Twin Creeks, stripping commenced at the Section 30 Layback (south Mega Pit) in August. Gold production is expected in 2005.
At the end of the third quarter, Newmont had 64 drill rigs operating around the world. Exploration highlights during the quarter include continuing positive results in Nevada and at the Ahafo and Akyem projects in Ghana.
In Nevada, exploration and development drilling results continue to indicate excellent reserve addition potential at Gold Quarry and the Twin Creeks Sage Layback (north Mega Pit). At Midas, drilling continues to define a new vein of high grade gold mineralization discovered at a lower elevation than the main Midas veins.
In Ghana, positive drill results across the trend at Ahafo and at the open pit at Akyem provide confidence that the Company will more than double existing reserves to 10 million equity ounces by year-end. The Company continues to update the feasibility studies for Ahafo and Akyem and expects to complete the Ahafo feasibility study update in November. Pending finalization of an acceptable foreign investment contract with the Ghanaian government, a development decision for the projects is expected by year-end 2003.
Updated 2003 Forecast
The Company has updated its 2003 Forecast (refer to Page 12 of 26). In summary, equity gold sales are projected to be between 7.3 million and 7.4 million ounces at total cash costs of between $202 and $208 per ounce. Changes to the previous forecast include:
-- in Nevada, an expected $4 increase in total cash costs to $232 per ounce, largely reflecting the impact of the ground remediation efforts at Deep Post;
-- at Yanacocha, a 7% increase in ounces sold to 1.47 million equity ounces, at slightly higher total cash costs of $120 per ounce;
-- in Australia, marginally lower total cash costs of approximately $241 per ounce, at essentially unchanged forecasted sales of 1.9 million ounces; and
-- at Batu Hijau, an expected 15% decrease in net cash costs of between $0.22 and $0.24 per pound. Forecasted copper sales are now between 340 million and 350 million equity pounds and equity gold sales increased from 290,000 ounces to 315,000 ounces.

 Statements of Consolidated Operations

                                         Three Months Ended September 30,
                                                  2003           2002
                                               (unaudited, in thousands,
                                                   except per share)
 Revenues
   Sales - gold                                 $870,949       $697,829
   Sales - base metals, net                       10,211         14,339
   Royalties                                      15,832          7,900
                                                 896,992        720,068
 Costs and expenses
   Costs applicable to sales
    (exclusive of depreciation, depletion
    and amortization shown separately below)
     Gold                                        457,983        431,756
     Base metals                                   4,881         10,611
   Depreciation, depletion and amortization      151,443        133,649
   Exploration, research and development          30,646         25,356
   General and administrative                     28,954         29,742
   Write-down of long-lived assets                 3,582            283
   Other                                           5,498          6,756
                                                 682,987        638,153
 Other income (expense)
   Loss on investments, net                       (3,322)            --
   Loss on gold commodity derivative
    instruments, net                             (46,927)       (11,191)
   Gain on extinguishment of NYOL bonds, net      19,617             --
   Gain on extinguishment of NYOL derivatives
    liability, net                                29,928             --
   Dividends, interest income, foreign
    currency exchange and other income            22,376          7,926
   Interest expense, net                         (18,756)       (33,082)
                                                   2,916        (36,347)
 Pre-tax income before minority interest,
  equity (loss) income and impairment
  of affiliates                                  216,921         45,568
 Income tax expense                              (80,977)       (10,756)
 Minority interest in income of subsidiaries     (57,125)       (32,495)
 Equity loss and impairment of
  Australian Magnesium Corporation                  (574)          (486)
 Equity income of affiliates                      36,189         18,929
 Net income applicable to common shares         $114,434        $20,760
 Net income                                     $114,434        $20,760
 Other comprehensive income, net of tax           33,013        (75,443)
 Comprehensive income                           $147,447       $(54,683)
 Net income per common share, basic and diluted    $0.28          $0.05
 Basic weighted average common
  shares outstanding                             408,379        401,422
 Diluted weighted average common
  shares outstanding                             412,922        402,960
 Cash dividends declared per common share          $0.04          $0.03

 Statements of Consolidated Operations

                                          Nine Months Ended September 30,
                                                2003             2002
                                                (unaudited, in thousands,
                                                    except per share)
 Revenues
   Sales - gold                               $2,309,531     $1,789,579
   Sales - base metals, net                       42,379         46,644
   Royalties                                      40,773         22,902
                                               2,392,683      1,859,125
 Costs and expenses
   Costs applicable to sales (exclusive of
    depreciation, depletion and amortization
    shown separately below)
     Gold                                      1,280,692      1,143,806
     Base metals                                  30,216         29,990
   Depreciation, depletion and amortization      421,373        359,437
   Exploration, research and development          82,365         55,711
   General and administrative                     86,656         78,709
   Write-down of long-lived assets                 5,376            283
   Other                                          29,836          6,165
                                               1,936,514      1,674,101
 Other income (expense)
   Gain on investments, net                       81,393         47,298
   Gain (loss) on gold commodity
    derivative instruments, net                   24,742        (14,338)
   Gain on extinguishment of NYOL bonds, net     114,031             --
   Gain on extinguishment of NYOL
    derivatives liability, net                   106,506             --
   Loss on extinguishment of debt                (19,530)            --
   Dividends, interest income, foreign
    currency exchange and other income            86,020         23,514
   Interest expense, net                         (71,371)       (99,320)
                                                 321,791        (42,846)

 Pre-tax income before minority interest,
  equity (loss) income and impairment of
  affiliates and cumulative effect of a
  change in accounting principle                 777,960        142,178
 Income tax expense                             (232,578)       (41,765)
 Minority interest in income of subsidiaries    (130,721)       (62,329)
 Equity loss and impairment of
  Australian Magnesium Corporation              (120,059)        (1,174)
 Equity income of affiliates                      62,467         38,341
 Net income before cumulative effect
  of a change in accounting principle            357,069         75,251
 Cumulative effect of a change in
  accounting principle, net of tax               (34,533)         7,701
 Net income                                      322,536         82,952
 Preferred stock dividends                            --         (3,738)
 Net income applicable to common shares         $322,536        $79,214
 Net income                                     $322,536        $82,952
 Other comprehensive income, net of tax           93,172        (17,737)
 Comprehensive income                           $415,708        $65,215
 Net income per common share before
  cumulative effect of a change in
  accounting principle, basic                      $0.88          $0.20
 Cumulative effect of a change in
  accounting principle per
  common share, basic                             (0.08)           0.02
 Net income per common share, basic                $0.80          $0.22
 Net income per common share before
  cumulative effect of a change in
  accounting principle, diluted                    $0.88          $0.20
 Cumulative effect of a change in
  accounting principle per
  common share, diluted                           (0.09)           0.02
 Net income per common share, diluted              $0.79          $0.22
 Basic weighted average common
  shares outstanding                             405,243        360,577
 Diluted weighted average common
  shares outstanding                             407,941        362,023
 Cash dividends declared per common share          $0.12          $0.09

 Consolidated Balance Sheets

                                   September 30, 2003   December 31, 2002
                                             (unaudited, in thousands)
                 ASSETS
 Cash and cash equivalents                $419,411             $401,683
 Marketable securities                     124,774               13,188
 Accounts receivable                        52,802               44,510
 Inventories                               178,076              169,324
 Stockpiles and ore on leach pads          242,139              328,993
 Prepaid taxes                              21,281               28,335
 Deferred stripping costs - short-term      49,871               32,085
 Deferred income tax assets                 54,286               51,451
 Newmont Australia infrastructure bonds    116,415                   --
 Other current assets                       66,103               43,687
   Current assets                        1,325,158            1,113,256
 Property, plant and mine
 development, net                        2,378,020            2,287,030
 Mineral interests and
  other intangible assets, net           1,373,457            1,415,348
 Investments                               727,134            1,206,705
 Deferred stripping costs - long-term       33,724               23,302
 Long-term stockpiles and ore
 on leach pads                             297,069              199,761
 Deferred income tax assets                887,994              761,428
 Other long-term assets                     95,457              123,112
 Goodwill                                3,037,201            3,024,576
   Total assets                        $10,155,214          $10,154,518
              LIABILITIES
 Current portion of long-term debt        $175,927             $115,322
 Accounts payable                          148,890              105,277
 Deferred income tax liabilities             3,793               28,469
 Derivative instruments                      5,093               74,999
 Employee related benefits - short-term    143,038              100,936
 Other current liabilities                 347,190              268,460
   Current liabilities                     823,931              693,463
 Long-term debt                          1,198,126            1,701,282
 Reclamation and remediation
  liabilities                              418,340              288,536
 Deferred revenue from sale
  of future production                      53,841               53,841
 Derivative instruments                      8,563              388,659
 Deferred income tax liabilities           802,938              656,452
 Employee related benefits - long-term     205,121              234,103
 Other long-term liabilities               312,189              364,376
   Total liabilities                     3,823,049            4,380,712
 Minority interest in subsidiaries         368,238              354,558
          STOCKHOLDERS' EQUITY
   Total stockholders' equity            5,963,927            5,419,248
   Total liabilities and
    stockholders' equity               $10,155,214          $10,154,518

 Statement of Consolidated Cash Flows

                                               Three Months Ended
                                                 September 30,
                                           2003                  2002
                                           (unaudited, in thousands)
 Operating activities:
   Net income                            $114,434               $20,760
   Adjustments to reconcile net
   income to net cash provided by
   operating activities:
     Depreciation, depletion
      and amortization                    151,443               133,649
     Accretion of accumulated
      reclamation obligations               5,799                    --
     Amortization of deferred
      stripping costs, net                (15,599)               19,856
     Deferred income taxes                  6,346               (16,282)
     Foreign currency exchange gain       (19,213)              (20,494)
     Minority interest,
      net of dividends                      6,042                31,195
     Equity income of affiliates,
      net of dividends                    (35,615)              (12,683)
     Write-downs of inventories,
      stockpiles and ore on leach pads      2,492                21,711
     Write-down of long-lived assets        5,376                   283
     Loss on investments, net               3,322                    --
     Loss on gold commodity
      derivative instruments, net          46,927                11,191
     Gain on extinguishment of
      NYOL bonds, net                     (19,617)                   --
     Gain on extinguishment of
      NYOL derivatives liability, net     (29,928)                   --
     Gain on sale of assets and other      (2,823)              (10,549)
     (Increase) decrease in
      operating assets:
       Accounts receivable                 (3,220)                3,352
       Inventories, stockpiles
        and ore on leach pads               6,450                (6,485)
       Other assets                        (4,429)               34,132
     Increase (decrease) in
      operating liabilities:
       Accounts payable and other
        accrued liabilities                 9,775                20,999
       Derivative instruments              (2,453)              (29,242)
       Early settlement of derivative
        instruments classified
        as cash flow hedges                    --                (1,168)
       Other liabilities                  (16,042)               46,835
 Net cash provided by
  operating activities                    209,467               247,060
 Investing activities:
   Additions to property, plant and
    mine development                     (151,099)              (97,361)
   Advances to joint ventures and
    affiliates, net                         6,190                    --
   Proceeds from sale of investments      230,537                   712
   Early settlement of ineffective
    derivative instruments                (26,191)              (11,857)
   Cash consideration for
    acquisition of Normandy and
    Franco-Nevada, net of cash
    received and transaction costs             --                  (229)
   Proceeds from asset sales and other        625                10,428
 Net cash (used in) provided by
  investing activities                     60,062               (98,307)
 Financing activities:
   Proceeds from long-term debt           377,478                 4,240
   Repayment of long-term debt           (516,223)             (115,041)
   Dividends paid on common
    and preferred stock                   (16,387)              (12,060)
   Proceeds from stock issuance
    and other                              29,997                 5,066
   Other                                       --                   687
 Net cash used in financing activities   (125,135)             (117,108)
 Effect of exchange rate changes
  on cash                                     276               (24,902)
 Net change in cash and
  cash equivalents                        144,670                 6,743
 Cash and cash equivalents
  at beginning of period                  274,741               285,405
 Cash and cash equivalents at
  end of period                          $419,411              $292,148
 Supplemental information:
   Interest paid, net of amounts
    capitalized                           $30,116               $33,956
   Income taxes paid                      $34,690               $20,220

 Statement of Consolidated Cash Flows
                                                   Nine Months Ended
                                                     September 30,
                                                  2003           2002
                                               (unaudited, in thousands)
 Operating activities:
   Net income                                   $322,536        $82,952
   Adjustments to reconcile net income
    to net cash provided by
    operating activities:
     Depreciation, depletion and amortization    421,373        359,437
     Accretion of accumulated
      reclamation obligations                     17,119             --
     Amortization of deferred stripping
      costs, net                                 (29,713)        28,759
     Deferred income taxes                        15,091        (26,685)
     Foreign currency exchange gain              (53,232)        (9,990)
     Minority interest, net of dividends          50,448         58,329
     Equity loss (income) and impairment
      of affiliates, net of dividends             63,694        (27,542)
     Write-downs of inventories, stockpiles
      and ore on leach pads                       20,433         37,608
     Write-down of long-lived assets               5,376            283
     Cumulative effect of a change in
      accounting principle, net of tax            34,533         (7,701)
     Gain on investments, net                    (81,393)       (47,298)
     (Gain) loss on gold commodity
      derivative instruments, net                (24,742)        14,338
     Gain on extinguishment of
      NYOL bonds, net                           (114,031)            --
     Gain on extinguishment of
      NYOL derivatives liability, net           (106,506)            --
     Loss on extinguishment of debt               19,530             --
     Gain on sale of assets and other            (13,472)       (20,253)
     (Increase) decrease in operating assets:
       Accounts receivable                         4,780         17,765
       Inventories, stockpiles and
        ore on leach pads                        (19,124)       (11,926)
       Other assets                                2,903         49,013
     Increase (decrease) in operating
      liabilities:
       Accounts payable and other
        accrued liabilities                       63,931        (25,474)
       Derivative instruments                    (15,388)       (29,242)
       Early settlement of derivative
        instruments classified as
        cash flow hedges                        (120,993)        (1,168)
       Other liabilities                         (28,740)         3,939
 Net cash provided by operating activities       434,413        445,144
 Investing activities:
   Additions to property, plant and
    mine development                            (366,400)      (238,171)
   Advances to joint ventures and
    affiliates, net                              (40,013)       (24,750)
   Proceeds from sale of investments             232,190        491,445
   Proceeds from the sale of
    TVX Newmont Americas                         180,000             --
   Proceeds from sale of cross currency swaps         --         50,816
   Early settlement of ineffective
    derivative instruments                       (55,339)       (11,857)
   Cash consideration for acquisition
    of Newmont NFM minority interest
    and other acquisitions                       (11,195)            --
   Cash consideration for acquisition of
    Normandy and Franco-Nevada, net of
    cash received and transaction costs               --        (88,114)
   Proceeds from asset sales and other             1,613         30,316
 Net cash (used in) provided by
  investing activities                           (59,144)       209,685
 Financing activities:
   Proceeds from long-term debt                  492,478        493,371
   Repayment of long-term debt                  (838,583)    (1,026,858)
   Dividends paid on common and
    preferred stock                              (48,695)       (37,931)
   Proceeds from stock issuance and other         54,848         67,964
   Other                                              --             (4)
 Net cash used in financing activities          (339,952)      (503,458)
 Effect of exchange rate changes on cash         (17,589)        (8,654)
 Net change in cash and cash equivalents          17,728        142,717
 Cash and cash equivalents at
  beginning of period                            401,683        149,431
 Cash and cash equivalents at end of period     $419,411       $292,148
 Supplemental information:
   Interest paid, net of amounts capitalized     $97,413        $95,624
   Income taxes paid                            $145,157        $65,920

 Operating Statistics Summary
                                North America  South America   Australia
  Three months ended
     September 30,                2003   2002   2003   2002   2003   2002
Production Costs Per Ounce:
   Direct mining and production
    costs                         $254   $203   $120   $123   $228   $191
   Capitalized mining  & other     (20)    12     (4)    (3)    (6)    (1)
   Cash operating costs            234    215    116    120    222    190
   Royalties and production
    taxes                            5      7      5      4     13     11
   Total cash costs(5)             239    222    121    124    235    201
   Reclamation and mine closure
    costs                            4      2      3      5      2      4
   Total costs applicable to
    sales                          243    224    124    129    237    205
   Non-cash inventory adjustment    --     --     --     --     --     --
   Depreciation and amortization    57     49     58     42     61     50
   Depreciation and amortization
    adjustment                      --     --     --     --     --     18
  Total production costs(5)       $300   $273   $182   $171   $298   $273
Consolidated gold sales (000
 ozs.)                           786.2  836.4  928.5  715.7  511.8  497.2

Equity gold sales (000 ozs.)     786.2  836.4  495.0  394.5  511.8  475.3

Average realized price per
 equity ounce                     $362   $314   $364   $314   $365   $319

                                              Equity
                              Other(1)     Investments         Total
                                           and Other(2)(3)
     Three months ended
        September 30,         2003   2002   2003   2002     2003     2002
Production Costs Per Ounce:
   Direct mining and
    production costs          $193   $155     --     --     $208     $179
   Capitalized mining  &
    other                      (38)    (9)    --     --      (14)       4
   Cash operating costs        155    146     --     --      194      183
   Royalties and production
    taxes                        5      3     --     --        7        6
   Total cash costs(5)         160    149     --     --      201      189
   Reclamation and mine
    closure costs                2      5     --     --        3        4
   Total costs applicable to
    sales                      162    154     --     --      204      193
   Non-cash inventory
    adjustment                  --     --     --     --       --       --
   Depreciation and
    amortization                82     48     --     --       61       47
   Depreciation and
    amortization adjustment     --     24     --     --       --        7
  Total production costs(5)   $244   $226     --     --     $265     $247
Consolidated gold sales (000
 ozs.)                       152.5  164.8    3.6    1.2  2,382.6  2,215.3

Equity gold sales (000 ozs.) 151.0  162.9  120.1  218.9  2,064.1  2,088.0

Average realized price per
 equity ounce                 $364   $315     --     --     $366     $315

Copper Summary(4)

Equity copper production
 (millions of lbs.)                                        125.5    138.6
Equity copper sales
 (millions of lbs.)                                        112.0    127.1
Net cash cost per equity
 pound                                                     $0.13    $0.25
Average realized price per
 pound                                                     $0.84    $0.67

                        North America     South America       Australia

  Nine Months ended
   September 30,        2003     2002     2003     2002     2003     2002
Production Costs Per
 Ounce:
   Direct mining and
    production costs    $249     $215     $125     $134     $226     $180
   Capitalized
    mining  & other      (18)       8       (4)      (2)      (2)       2
   Cash operating
    costs                231      223      121      132      224      182
   Royalties and
    production taxes       7        5        4        3       13       10
Total cash costs(5)      238      228      125      135      237      192
   Reclamation and
    mine closure
    costs                  3        3        4        3        2        4
Total costs
 applicable to sales     241      231      129      138      239      196
   Non-cash
    inventory
    adjustment            --        1       --       --       --        4
   Depreciation and
    amortization          61       48       59       55       58       48
   Depreciation and
    amortization
    adjustment            --       (1)      --       --       --       14
  Total production
   costs(5)             $302     $279     $188     $193     $297     $262
Consolidated gold
 sales (000 ozs.)    2,170.7  2,292.0  2,364.8  1,821.0  1,467.6  1,223.9

Equity gold sales
 (000 ozs.)          2,170.7  2,292.0  1,274.5  1,015.0  1,450.2  1,171.6

Average realized
 price per equity
 ounce                  $353     $306     $355     $306     $354     $314

                                              Equity
                              Other(1)     Investments         Total
                                          and Other(2)(3)
  Nine Months ended
    September 30,             2003   2002   2003   2002     2003     2002
Production Costs Per Ounce:
   Direct mining and
    production costs          $181   $156     --     --     $207     $185
   Capitalized mining  &
    other                      (17)    (8)    --     --      (10)       2
   Cash operating costs        164    148     --     --      197      187
   Royalties and production
    taxes                        4      3     --     --        8        6
Total cash costs(5)            168    151     --     --      205      193
   Reclamation and mine
    closure costs                2      2     --     --        2        3
Total costs applicable to
 sales                         170    153     --     --      207      196
   Non-cash inventory
    adjustment                  --      2     --     --       --        1
   Depreciation and
    amortization                71     51     --     --       61       51
   Depreciation and
    amortization adjustment     --     19     --     --       --        4
  Total production costs(5)   $241   $225     --     --     $268     $252
Consolidated gold sales (000
 ozs.)                       470.8  474.3   10.4   10.3  6,484.3  5,821.5

Equity gold sales (000 ozs.) 464.3  467.0  308.8  470.4  5,668.5  5,416.0

Average realized price per
 equity ounce                 $355   $308     --     --     $357     $308

Copper Summary(4)

Equity copper production
 (millions of lbs.)                                        321.6    327.2
Equity copper sales
 (millions of lbs.)                                        310.5    309.1
Net cash cost per equity
 pound                                                     $0.25    $0.34
Average realized price per
 pound                                                     $0.80    $0.72	

(1) Other includes Ovacik (Turkey), Zarafshan (Uzbekistan), Minahasa (Indonesia) and Martha (New Zealand).
(2) Equity investments comprise Batu Hijau (and TVX Newmont Americas and Echo Bay Mining Limited through January 31, 2003).
(3) Includes 10,400 and 10,300 ounces from the wholly-owned Golden Grove zinc/copper mine in 2003 and 2002, respectively.
(4) Represents both Batu Hijau and Golden Grove
(5) For a reconciliation of total cash costs and total production costs per ounce (non-GAAP measures of performance) to costs applicable to sales calculated and presented under GAAP, please refer to the Supplemental Information attached.

Updated 2003 Forecast

                                            Equity Gold          Total
                                                  Sales     Cash Costs
                                               (000 oz)         ($/oz)
North America
Nevada                                            2,550           $232
Mesquite(1)                                          50           $144
Golden Giant                                        220           $233
Holloway                                             70           $286
La Herradura                                         70           $171
Sub-total                                         2,960           $230

South America
Yanacocha                                         1,465           $120
Kori Kollo                                          155           $183
Sub-total                                         1,620           $126

Australia
Kalgoorlie                                          400           $277
Pajingo                                             320           $130
Tanami(2)                                           600           $245
Yandal                                              575           $275
Sub-total                                         1,895           $241

Other
Martha(2)                                            90           $236
Zarafshan                                           220           $150
Minahasa                                             90           $238
Ovacik                                              160           $129
Sub-total                                           560           $172

Equity Investments
Batu Hijau                                          315             --

TOTAL                                     7,300 - 7,400    $202 - $208	

Notes:
(1) Assumes sale to Western Goldfields is completed by November 2003.
(2) Effective April 2003, 100% interest.

                      Equity Copper & Zinc Sales        Net Cash Costs
                                   (million lbs)                ($/lb)

Batu Hijau - Copper                      340-350           $0.22-$0.24
Golden Grove - Copper                      75-85           $0.63-$0.66
Golden Grove - Zinc                      110-120           $0.20-$0.24	

Financial Projections (in millions, except tax rate)

Royalty revenue                                 $45-$50
Depreciation, depletion & amortization        $550-$570
Exploration and research                      $100-$110
General and administrative                    $105-$110
Interest expense                                $90-$95
Tax rate (assuming $360/oz gold)                   ~30%
Capital expenditures                          $525-$550	

Sensitivity to Changes in the Gold Price
An annualized $10 change in the gold price changes annual net income by approximately $50 million, assuming all other factors remain constant.
An annualized $10 change in the gold price changes annual cash generated by operating activities by approximately $56 million, assuming all other factors remain constant.
Supplemental Information
1. Gold Production Summary - Americas

                                 Nevada         Canada    Yanacocha, Peru
   Three months ended
     September 30,             2003    2002   2003   2002    2003    2002
Tons Mined (000 dry short
 tons):
    Open-Pit                 43,475  35,808    n/a    n/a  53,268  54,125
    Underground                 414     359    267    388     n/a     n/a
Tons Milled/Processed (000):
    Oxide                     1,036   1,314    275    382     n/a     n/a
    Refractory                2,355   2,511    n/a    n/a     n/a     n/a
    Leach                     5,016   3,822    n/a    n/a  40,524  42,029
Average Ore Grade (oz/ton):
    Oxide                     0.116   0.131  0.259  0.214     n/a     n/a
    Refractory                0.221   0.222    n/a    n/a     n/a     n/a
    Leach                     0.029   0.035    n/a    n/a   0.027   0.023
Average Mill Recovery Rate:
    Oxide                     77.0%   76.2%  95.6%  94.7%     n/a     n/a
    Refractory                91.3%   86.2%    n/a    n/a     n/a     n/a
Ounces Produced (000):        696.0   690.9   60.5   75.3   862.4   638.9
Equity Ounces Produced
 (000):
    Oxide                      87.1   130.8   60.5   75.3     n/a     n/a
    Refractory                514.7   466.6    n/a    n/a     n/a     n/a
    Leach                      94.2    93.5    n/a    n/a   442.8   328.1
    Total                     696.0   690.9   60.5   75.3   442.8   328.1
Equity Ounces Sold (000)      696.9   722.0   60.2   80.4   451.2   329.6

Production Costs Per Ounce:
   Direct mining and
    production costs           $258    $204   $244   $201    $111    $116
   Capitalized mining  &
    other                       (22)     14      5      1      (3)     (2)
   Cash operating costs         236     218    249    202     108     114
   Royalties and production
    taxes                         4       7      6      1       5       5
   Total cash costs             240     225    255    203     113     119
   Reclamation and mine
    closure costs                 3       2      9      6       2       4
   Total costs applicable to
    sales                       243     227    264    209     115     123
   Non-cash inventory
    adjustment                   --      --     --     --      --      --
   Depreciation and
    amortization                 55      46     81     65      60      41
   Depreciation and
    amortization adjustment      --      --     --     --      --      --
   Total production costs      $298    $273   $345   $274    $175    $164

                                          Kori Kollo,
                                             Bolivia          Other(1)
  Three months ended September 30,       2003     2002     2003     2002
Tons Mined (000 dry short tons):
    Open-Pit                            1,425    4,894    3,042    2,918
    Underground                           n/a      n/a      n/a      n/a
Tons Milled/Processed (000):
    Oxide                                 n/a      n/a      n/a      n/a
    Refractory                          1,764    1,952      n/a      n/a
    Leach                                 978    1,569    1,050    1,015
Average Ore Grade (oz/ton):
    Oxide                                 n/a      n/a      n/a      n/a
    Refractory                          0.035    0.049      n/a      n/a
    Leach                               0.018    0.019    0.026    0.027
Average Mill Recovery Rate:
    Oxide                                 n/a      n/a      n/a      n/a
    Refractory                          60.9%    58.7%      n/a      n/a
Ounces Produced (000):                   48.4     72.0     29.1     34.0
Equity Ounces Produced (000):
    Oxide                                 n/a      n/a      n/a      n/a
    Refractory                           32.9     50.4      n/a      n/a
    Leach                                 9.7     13.0     29.1     34.0
    Total                                42.6     63.4     29.1     34.0
Equity Ounces Sold (000)                 43.8     64.9     29.1     34.0

Production Costs Per Ounce:
   Direct mining and production costs    $216     $158     $183     $189
   Capitalized mining  & other            (17)      (6)      (3)      (5)
   Cash operating costs                   199      152      180      184
   Royalties and production taxes          --       --        7        7
   Total cash costs                       199      152      187      191
   Reclamation and mine closure costs      17        5        4        1
   Total costs applicable to sales        216      157      191      192
   Non-cash inventory adjustment           --       --       --       --
   Depreciation and amortization           34       48       65       79
   Depreciation and amortization
    adjustment                             --       --       --       --
   Total production costs                $250     $205     $256     $271	

(1) Other includes La Herradura and Mesquite

                              Nevada          Canada     Yanacocha, Peru
   Nine months ended
     September 30,          2003     2002   2003   2002     2003     2002
Tons Mined (000 dry
 short tons):
    Open-Pit             131,264  100,917    n/a    n/a  154,716  153,461
    Underground            1,256      980    926  1,171      n/a      n/a
Tons Milled/Processed
 (000):
    Oxide                  1,795    3,774    943  1,180      n/a      n/a
    Refractory             6,865    6,703    n/a    n/a      n/a      n/a
    Leach                 12,619   11,582    n/a    n/a  113,317  108,549
Average Ore Grade
 (oz/ton):
    Oxide                  0.148    0.124  0.242  0.225      n/a      n/a
    Refractory             0.216    0.215    n/a    n/a      n/a      n/a
    Leach                  0.029    0.032    n/a    n/a    0.028    0.023
Average Mill Recovery
 Rate:
    Oxide                  82.7%    75.0%  95.3%  95.0%      n/a      n/a
    Refractory             90.7%    87.9%    n/a    n/a      n/a      n/a
Ounces Produced (000):   1,859.2  1,916.3  212.2  261.2  2,183.9  1,589.5
Equity Ounces Produced
 (000):
    Oxide                  217.4    353.1  212.2  261.2      n/a      n/a
    Refractory           1,360.9  1,237.7    n/a    n/a      n/a      n/a
    Leach                  280.9    325.5    n/a    n/a  1,121.4    816.2
    Total                1,859.2  1,916.3  212.2  261.2  1,121.4    816.2
Equity Ounces Sold (000) 1,865.1  1,927.1  211.9  272.2  1,130.0    823.1

Production Costs Per
 Ounce:
   Direct mining and
    production costs        $253     $220   $254   $194     $116     $129
   Capitalized mining  &
    other                    (22)       9      2      1       (3)      (3)
   Cash operating costs      231      229    256    195      113      126
   Royalties and
    production taxes           8        6      3     --        5        5
   Total cash costs          239      235    259    195      118      131
   Reclamation and mine
    closure costs              3        2      7      6        2        2
   Total costs
    applicable to sales      242      237    266    201      120      133
   Non-cash inventory
    adjustment                --        1     --     --       --       --
   Depreciation and
    amortization              57       46     89     68       62       57
   Depreciation and
    amortization
    adjustment                --       (2)    --     --       --       --
   Total production
    costs                   $299     $282   $355   $269     $182     $190

                                       Kori Kollo, Bolivia    Other(1)
   Nine months ended September 30,       2003      2002     2003     2002
Tons Mined (000 dry short tons):
    Open-Pit                            7,638    14,631    8,918    9,022
    Underground                           n/a       n/a      n/a      n/a
Tons Milled/Processed (000):
    Oxide                                 n/a       n/a      n/a      n/a
    Refractory                          5,400     5,746      n/a      n/a
    Leach                               3,696     4,664    3,067    2,971
Average Ore Grade (oz/ton):
    Oxide                                 n/a       n/a      n/a      n/a
    Refractory                          0.036     0.049      n/a      n/a
    Leach                               0.017     0.018    0.026    0.026
Average Mill Recovery Rate:
    Oxide                                 n/a       n/a      n/a      n/a
    Refractory                          62.4%     59.6%      n/a      n/a
Ounces Produced (000):                  161.4     218.4     93.7     92.7
Equity Ounces Produced (000):
    Oxide                                 n/a       n/a      n/a      n/a
    Refractory                          108.1     150.7      n/a      n/a
    Leach                                34.0      41.5     93.7     92.7
    Total                               142.1     192.2     93.7     92.7
Equity Ounces Sold (000)                144.5     191.9     93.7     92.7

Production Costs Per Ounce:
   Direct mining and production costs    $199      $160     $169     $182
   Capitalized mining  & other            (13)       (6)      (4)      (8)
   Cash operating costs                   186       154      165      174
   Royalties and production taxes          --        --        6        4
   Total cash costs                       186       154      171      178
   Reclamation and mine closure costs      12         4        3        2
   Total costs applicable to sales        198       158      174      180
   Non-cash inventory adjustment           --        --       --       --
   Depreciation and amortization           34        47       66       77
   Depreciation and amortization
    adjustment                             --        --       --       --
   Total production costs                $232      $205     $240     $257	

(1) Other includes La Herradura and Mesquite
2. Gold Production Summary - Australia

                                         Kalgoorlie        Pajingo
  Three months ended September 30,       2003     2002    2003    2002
Tons Mined (000 dry short tons)        13,178   11,492     204     158
Tons Milled/Processed                   1,883    1,702     204     196
Average Ore Grade (oz/ton)              0.069    0.059   0.466   0.366
Average Mill Recovery Rate              84.0%    81.9%   96.8%   96.6%
Ounces Produced (000)                   115.6     94.1    91.2    69.6
Equity Ounces Produced (000)            115.6     94.1    91.2    69.6
Equity Ounces Sold (000)                116.0     94.6    90.9    77.2

Production Costs Per Ounce:
   Direct mining and production costs    $283     $199    $131     $96
   Capitalized mining  & other            (25)      18     (13)     (3)
   Cash operating costs                   258      217     118      93
   Royalties and production taxes           8        7      10       5
   Total cash costs                       266      224     128      98
   Reclamation and mine closure costs       4        4      --       3
   Total costs applicable to sales        270      228     128     101
   Non-cash inventory adjustment           --        1      --      --
   Depreciation and amortization           19       22      90      48
   Depreciation and amortization
    adjustment                             --        7      --      54
   Total production costs                $289     $258    $218    $203

                                           Tanami            Yandal
  Three months ended September 30,       2003     2002     2003     2002
Tons Mined (000 dry short tons)         4,948    4,103    1,002    1,001
Tons Milled/Processed                   1,214    1,112    1,394    1,417
Average Ore Grade (oz/ton)              0.129    0.147    0.120    0.122
Average Mill Recovery Rate              95.7%    96.4%    90.1%    91.3%
Ounces Produced (000)                   151.3    156.9    150.7    165.9
Equity Ounces Produced (000)            151.3    134.7    150.7    165.9
Equity Ounces Sold (000)                153.1    133.4    151.8    170.1

Production Costs Per Ounce:
   Direct mining and production costs    $215     $187     $258     $232
   Capitalized mining  & other              3       (2)       3       (8)
   Cash operating costs                   218      185      261      224
   Royalties and production taxes          23       21        8        7
   Total cash costs                       241      206      269      231
   Reclamation and mine closure costs       1        4        3        5
   Total costs applicable to sales        242      210      272      236
   Non-cash inventory adjustment           --       --       --       --
   Depreciation and amortization           58       31       80       80
   Depreciation and amortization
    adjustment                             --       37       --       (6)
   Total production costs                $300     $278     $352     $310

                                         Kalgoorlie        Pajingo
   Nine Months ended September 30        2003     2002    2003    2002
Tons Mined (000 dry short tons)        36,229   28,334     576     472
Tons Milled/Processed                   5,327    4,438     598     537
Average Ore Grade (oz/ton)              0.071    0.059   0.442   0.381
Average Mill Recovery Rate              85.2%    82.7%   96.8%   96.8%
Ounces Produced (000)                   309.2    223.1   258.3   203.8
Equity Ounces Produced (000)            309.2    223.1   258.3   203.8
Equity Ounces Sold (000)                309.2    221.1   258.7   208.6

Production Costs Per Ounce:
   Direct mining and production costs    $256     $202    $122     $87
   Capitalized mining  & other             (2)      11      (8)     (3)
   Cash operating costs                   254      213     114      84
   Royalties and production taxes           9        7      11       7
   Total cash costs                       263      220     125      91
   Reclamation and mine closure costs       3        5      --       3
   Total costs applicable to sales        266      225     125      94
   Non-cash inventory adjustment           --       10      --       4
   Depreciation and amortization           23       24      80      42
   Depreciation and amortization
    adjustment                             --        4      --      43
   Total production costs                $289     $263    $205    $183

                                           Tanami           Yandal
   Nine Months ended September 30        2003     2002    2003    2002
Tons Mined (000 dry short tons)        15,929   16,833   2,731   8,241
Tons Milled/Processed                   3,446    2,722   4,010   3,416
Average Ore Grade (oz/ton)              0.141    0.144   0.117   0.136
Average Mill Recovery Rate              96.1%    96.6%   90.4%   92.1%
Ounces Produced (000)                   467.7    382.6   433.6   437.9
Equity Ounces Produced (000)            448.5    328.6   433.6   437.9
Equity Ounces Sold (000)                449.3    318.1   433.0   423.8

Production Costs Per Ounce:
   Direct mining and production costs    $225     $183    $268    $211
   Capitalized mining  & other             (7)       1       6       1
   Cash operating costs                   218      184     274     212
   Royalties and production taxes          21       18       9       8
   Total cash costs                       239      202     283     220
   Reclamation and mine closure costs       1        4       3       5
   Total costs applicable to sales        240      206     286     225
   Non-cash inventory adjustment           --        3      --       1
   Depreciation and amortization           59       28      70      80
   Depreciation and amortization
    adjustment                             --       36      --     (13)
   Total production costs                $299     $273    $356    $293

3. Gold Production Summary - Other

                                           Zarafshan,         Ovacik,
                                           Uzbekistan         Turkey
  Three months ended September 30,       2003     2002     2003     2002
Tons Mined (000 dry short tons)           n/a      n/a    2,152    1,296
Tons Milled/Processed:
    Leach                               2,082    2,053      n/a      n/a
    Mill                                  n/a      n/a      151      104
Average Ore Grade (oz/ton)              0.042    0.055    0.338    0.343
Average Mill Recovery Rate                n/a      n/a    93.7%    94.2%
Ounces Produced (000)                    51.6     67.1     48.0     34.1
Equity Ounces Produced (000)             51.6     67.1     48.0     34.1
Equity Ounces Sold (000)                 50.2     70.3     51.5     36.6

Production Costs Per Ounce:
   Direct mining and production costs    $151     $120     $136     $117
   Capitalized mining  & other              2        2      (21)      (4)
   Cash operating costs                   153      122      115      113
   Royalties and production taxes          --       --       13       10
   Total cash costs                       153      122      128      123
   Reclamation and mine closure costs       2       (3)       1        4
   Total costs applicable to sales        155      119      129      127
   Non-cash inventory adjustment           --       --       --       --
   Depreciation and amortization           49       38       82       40
   Depreciation and amortization
    adjustment                             --       --       --       65
   Total production costs                $204     $157     $211     $232

                                          Martha,          Minahasa,
                                        New Zealand        Indonesia
  Three months ended September 30,       2003     2002     2003     2002
Tons Mined (000 dry short tons)         1,549    2,061      n/a      n/a
Tons Milled/Processed:
    Leach                                 n/a      n/a      n/a      n/a
    Mill                                  354      320      172      180
Average Ore Grade (oz/ton)              0.078    0.107    0.142    0.190
Average Mill Recovery Rate              93.9%    89.3%    93.0%    89.4%
Ounces Produced (000)                    26.4     30.8     22.2     33.4
Equity Ounces Produced (000)             26.3     30.8     20.9     31.5
Equity Ounces Sold (000)                 26.2     27.7     23.1     28.3

Production Costs Per Ounce:
   Direct mining and production costs    $401     $192     $173     $255
   Capitalized mining  & other           (184)     (54)       3        1
   Cash operating costs                   217      138      176      256
   Royalties and production taxes          --       --        6        3
   Total cash costs                       217      138      182      259
   Reclamation and mine closure costs       2        5        6       25
   Total costs applicable to sales        219      143      188      284
   Non-cash inventory adjustment           --       --       --       --
   Depreciation and amortization          129       70       97       68
   Depreciation and amortization
    adjustment                             --       54       --       --
   Total production costs                $348     $267     $285     $352

                                           Zarafshan,         Ovacik,
                                           Uzbekistan          Turkey
   Nine Months ended September 30        2003     2002     2003     2002
Tons Mined (000 dry short tons)           n/a      n/a    4,061    3,162
Tons Milled/Processed:
    Leach                               6,116    5,912      n/a      n/a
    Mill                                  n/a      n/a      435      241
Average Ore Grade (oz/ton)              0.043    0.052    0.335    0.376
Average Mill Recovery Rate                n/a      n/a    93.6%    92.5%
Ounces Produced (000)                   170.1    200.8    136.1     86.5
Equity Ounces Produced (000)            170.1    200.8    136.1     86.5
Equity Ounces Sold (000)                171.9    194.0    137.7     84.6

Production Costs Per Ounce:
   Direct mining and production costs    $146     $133     $120     $119
   Capitalized mining  & other              2        2       (6)      (2)
   Cash operating costs                   148      135      114      117
   Royalties and production taxes          --       --       12       11
   Total cash costs                       148      135      126      128
   Reclamation and mine closure costs       2       (2)       1        4
   Total costs applicable to sales        150      133      127      132
   Non-cash inventory adjustment           --       --       --        7
   Depreciation and amortization           46       41       82       25
   Depreciation and amortization
    adjustment                             --       --       --       61
   Total production costs                $196     $174     $209     $225

                                            Martha,          Minahasa,
                                          New Zealand        Indonesia
   Nine Months ended September 30        2003     2002     2003     2002
Tons Mined (000 dry short tons)         3,839    4,141      n/a      n/a
Tons Milled/Processed:
    Leach                                 n/a      n/a      n/a      n/a
    Mill                                  990      820      544      525
Average Ore Grade (oz/ton)              0.082    0.104    0.158    0.218
Average Mill Recovery Rate              91.8%    90.3%    91.1%    90.9%
Ounces Produced (000)                    74.5     77.6     78.4    116.3
Equity Ounces Produced (000)             72.8     77.6     73.7    109.4
Equity Ounces Sold (000)                 73.5     74.3     81.2    114.1

Production Costs Per Ounce:
   Direct mining and production costs    $331     $192     $222     $200
   Capitalized mining  & other           (106)     (60)       3        2
   Cash operating costs                   225      132      225      202
   Royalties and production taxes          --       --        6        4
   Total cash costs                       225      132      231      206
   Reclamation and mine closure costs       2        4        4        6
   Total costs applicable to sales        227      136      235      212
   Non-cash inventory adjustment           --        7       --       --
   Depreciation and amortization          111       80       68       69
   Depreciation and amortization
    adjustment                             --       51       --       --
   Total production costs                $338     $274     $303     $281	

4. Base Metal Summary - Batu Hijau and Golden Grove

                                     Three months ended  Nine months ended
                                       September 30,       September 30,
              Batu Hijau                 2003     2002    2003     2002
Total tons mined (000)                  60,928   67,634  174,275  185,261
Total dry tons processed (000)          12,300   14,226   36,951   39,026
Average copper grade                     0.82%    0.86%    0.74%    0.73%
Average recovery rate                    90.7%    90.4%    89.2%    89.3%
Copper pounds produced (000)           184,154  219,645  488,168  505,375
Equity copper pounds produced (000)    103,587  123,550  274,595  284,273
Equity copper pounds sold (000)        103,246  114,487  264,290  271,427
Copper price per pound                   $0.84    $0.62    $0.80    $0.70

Equity ounces of gold sold (000)         116.5     96.9    262.7    200.2

Equity net cash cost per pound           $0.10    $0.24    $0.19    $0.31
Equity non-cash cost per pound            0.17     0.14     0.19     0.18
Equity total production cost per pound   $0.27    $0.38    $0.38    $0.49

                                 Three months ended    Nine months ended
                                    September 30,        September 30,
          Golden Grove                 2003     2002        2003     2002
Total tons mined                    370,199  386,003   1,063,543  951,971
Total dry tons processed            346,008  363,350   1,044,689  917,362

Average copper grade                  4.68%    4.83%       4.84%    5.17%
Average copper recovery rate          92.9%    87.8%       92.0%    89.5%
Copper produced pounds (000)         21,891   15,078      46,991   42,927
Copper sold pounds (000)              8,711   12,594      46,167   37,669
Copper price per pound                $0.77    $1.08       $0.79    $0.83
Copper cash cost per pound            $0.47    $0.31       $0.54    $0.55

Average zinc grade                   13.42%   15.29%      12.37%   13.81%
Average zinc recovery rate            90.0%    90.1%       90.5%    84.6%
Zinc produced pounds (000)           12,518   35,174      87,394   76,062
Zinc sold pounds (000)                9,504   43,455      63,132  112,837
Zinc price per pound                  $1.03    $0.17       $0.45    $0.27
Zinc cash cost per pound              $0.69    $0.28       $0.31    $0.17

Ounces of gold sold (000)               3.6      1.2        10.4     10.3
Ounces of silver sold (000)           391.0     46.1     1,165.8    899.5	

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
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                                               Total
 September 30,                         La     Golden             North
 2003             Nevada  Mesquite  Herradura  Giant   Holloway  America
Costs applicable
 to sales
 under GAAP      $172.2       $2.6    $3.1    $10.6      $5.3   $193.8
  Minority
   interest          --         --      --       --        --       --
  Reclamation/
   accretion
   expense        (1.7)      (0.1)   (0.1)    (0.3)     (0.2)    (2.4)
  Write-down
   inventories    (1.9)         --      --       --        --    (1.9)
  Other           (7.8)         --      --       --        --    (7.8)

Total cash cost
 for per ounce
 calculations     160.8        2.5     3.0     10.3       5.1    181.7
  Reclamation/
   accretion
   expense and
   other            1.7        0.1     0.1      0.3       0.2      2.4
  Depreciation,
   depletion and
   amortization    37.1        1.1     0.8      3.4       1.4     43.8
  Minority interest
   and other         --         --      --       --        --       --

Total production
 cost for per
 ounce
 calculations    $199.6       $3.7    $3.9    $14.0      $6.7   $227.9

Equity ounces
 sold (000)       696.9       12.6    16.5     42.8      17.4    786.2
Equity total
 cash cost per
 ounce sold        $240       $196    $181     $238      $297     $239
Equity total
 production cost
 per ounce sold    $298       $289    $231     $328      $388     $300

Three months ended                   Total
 September 30,                Kori   South
 2003            Yanacocha   Kollo  America  Pajingo  Kalgoorlie  Yandal
Costs applicable
 to sales
 under GAAP      $105.3      $10.8  $116.1    $11.7     $31.3    $41.7
  Minority
   interest      (53.3)      (1.3)  (54.6)       --        --       --
  Reclamation/
   accretion
   expense        (0.8)      (0.7)   (1.5)       --     (0.3)    (0.5)
  Write-down
   inventories       --         --      --       --        --    (0.3)
  Other              --         --      --       --        --       --

Total cash cost
 for per ounce
 calculations      51.2        8.8    60.0     11.7      31.0     40.9
  Reclamation/
   accretion
   expense
   and other        0.8        0.7     1.5       --       0.3      0.4
  Depreciation,
   depletion and
   amortization    48.5        1.7    50.2      8.2       2.3     12.2
  Minority
   interest and
   other         (21.2)      (0.2)  (21.4)       --        --       --

Total production
 cost for
 per ounce
 calculations     $79.3      $11.0   $90.3    $19.9     $33.6    $53.5

Equity ounces
 sold (000)       451.2       43.8   495.0     90.9     116.0    151.8
Equity total
 cash cost per
 ounce sold        $113       $199    $121     $128      $266     $269
Equity total
 production cost
 per ounce sold    $175       $250    $182     $218      $289     $352

Three months ended
 September 30,   NFM      Total    Zarafshan,
 2003           Tanami  Australia  Uzbekistan  Minahasa  Martha  Ovacik
Costs applicable
 to sales under
 GAAP           $37.2    $121.9       $7.7     $4.6      $5.8     $6.7
  Minority
   interest       0.1       0.1         --       --       0.1       --
  Reclamation/
   accretion
   expense      (0.3)     (1.1)         --    (0.1)     (0.1)       --
  Write-down
   inventories     --     (0.3)         --       --        --       --
  Other            --        --         --    (0.3)        --       --

Total cash
 cost for per
 ounce
 calculations    37.0     120.6        7.7      4.2       5.8      6.7
  Reclamation/
   accretion
   expense and
   other           --       0.6         --      0.1        --      0.1
  Depreciation,
   depletion
   and
   amortization   8.8      31.5        2.5      2.4       3.3      4.2
  Minority
   interest
   and other       --        --         --    (0.1)        --       --

Total production
 cost for
 per ounce
 calculations   $45.8    $152.7      $10.2     $6.6      $9.1    $11.0

Equity ounces
 sold (000)     153.1     511.8       50.2     23.1      26.2     51.5
Equity total
 cash cost
 per ounce
 sold            $241      $235       $153     $182      $217     $128
Equity total
 production
 cost per
 ounce sold      $300      $298       $204     $285      $348     $211

Three months
 ended             Total
 September 30,     Other     Total   Golden     Other
 2003         International   Gold    Grove   Non-Gold  Consolidated
Costs applicable
 to sales
 under GAAP       $24.8     $456.6    $4.8     $1.5    $462.9
  Minority
   interest         0.1     (54.4)      --       --    (54.4)
  Reclamation/
   accretion
   expense        (0.3)      (5.3)      --       --     (5.3)
  Write-down
   inventories       --      (2.2)   (0.3)       --     (2.5)
  Other           (0.3)      (8.1)   (4.5)    (1.5)    (14.1)

Total cash cost
 for per ounce
 calculations      24.3      386.6      --       --     386.6
  Reclamation/
   accretion
   expense and
   other            0.2        4.7      --       --       4.7
  Depreciation,
   depletion and
   amortization    12.4      137.9     2.0     11.6     151.5
  Minority
   interest
   and other      (0.1)     (21.5)   (2.0)   (11.6)    (35.1)

Total production
 cost for per
 ounce
 calculations     $36.8     $507.7      --       --    $507.7

Equity ounces
 sold (000)       151.0    1,944.0     n/a      n/a   1,944.0
Equity total
 cash cost per
 ounce sold        $160       $201     n/a      n/a      $201
Equity total
 production
 cost per
 ounce sold        $244       $265     n/a      n/a      $265

Three months ended                                                Total
 September 30,                         La     Golden              North
 2002             Nevada  Mesquite  Herradura  Giant   Holloway  America
Costs applicable
 to sales
 under GAAP      $184.7       $3.5    $3.0    $13.6      $3.4   $208.2
  Minority
   interest          --         --      --       --        --       --
  Reclamation
   expense        (1.5)         --      --    (0.4)     (0.1)    (2.0)
  Write-down
   inventories   (20.4)         --      --    (0.2)        --   (20.6)
  Non-cash
   inventory
   adjustment       0.1         --      --       --        --      0.1
  Other           (0.3)         --      --       --        --    (0.3)

Total cash
 cost for
 per ounce
 calculations     162.6        3.5     3.0     13.0       3.3    185.4
  Reclamation
   expense and
   other            1.5         --      --      0.4       0.1      2.0
  Depreciation,
   depletion and
   amortization    32.7        1.7     0.9      4.2       1.1     40.6
  Minority
   interest and
   other             --         --      --       --        --       --
Total production
 cost for
 per ounce
 calculations    $196.8       $5.2    $3.9    $17.6      $4.5   $228.0

Equity ounces
 sold (000)       722.0       16.3    17.7     60.4      20.0    836.4
Equity total
 cash cost per
 ounce sold        $225       $214    $169     $217      $161     $222
Equity total
 production cost
 per ounce sold    $273       $322    $223     $293      $218     $273

Three months ended                   Total
 September 30,                Kori   South
 2002            Yanacocha   Kollo  America  Pajingo  Kalgoorlie  Yandal
Costs applicable
 to sales under
 GAAP             $82.4      $11.6   $94.0     $7.8     $21.6    $40.8
  Minority
   interest      (41.1)      (1.4)  (42.5)       --        --       --
  Reclamation
   expense        (1.4)      (0.3)   (1.7)    (0.2)     (0.4)    (0.9)
  Write-down
   inventories       --         --      --       --        --    (0.6)
  Non-cash
   inventory
   adjustment        --         --      --       --     (0.1)       --
  Other           (0.7)         --   (0.7)    (0.1)        --       --

Total cash
 cost for
 per ounce
 calculations      39.2        9.9    49.1      7.5      21.1     39.3
  Reclamation
   expense and
   other            1.4        0.3     1.7      0.2       0.5      0.9
  Depreciation,
   depletion and
   amortization    24.6        3.5    28.1      7.9       2.8     12.6
  Minority
   interest and
   other         (11.5)      (0.4)  (11.9)       --        --       --

Total production
 cost for per
 ounce
 calculations     $53.7      $13.3   $67.0    $15.6     $24.4    $52.8

Equity ounces
 sold (000)       329.6       64.9   394.5     77.2      94.6    170.1
Equity total
 cash cost per
 ounce sold        $119       $152    $124      $98      $224     $231
Equity total
 production cost
 per ounce sold    $164       $205    $171     $203      $267     $310	

Three months ended

 September 30,   NFM      Total    Zarafshan,
 2002           Tanami  Australia  Uzbekistan  Minahasa  Martha  Ovacik
Costs applicable
 to sales under
 GAAP             $32.9     $103.1    $8.4     $8.8      $4.0     $4.7
  Minority
   interest       (4.6)      (4.6)      --       --        --       --
  Reclamation
   expense        (0.6)      (2.1)     0.2    (0.8)     (0.1)    (0.1)
  Write-down
   inventories       --      (0.6)      --    (0.3)        --       --
  Non-cash
   inventory
   adjustment        --      (0.1)      --       --        --       --
  Other           (0.5)      (0.6)      --    (0.4)        --    (0.1)

Total cash cost
 for per ounce
 calculations      27.2       95.1     8.6      7.3       3.9      4.5
  Reclamation
   expense and
   other            0.6        2.2   (0.2)      0.8       0.1      0.1
  Depreciation,
   depletion and
   amortization    10.7       34.0     2.6      2.1       3.4      3.8
  Minority
   interest and
   other          (1.5)      (1.5)      --    (0.1)        --       --

Total production
 cost for
 per ounce
 calculations     $37.0     $129.8   $11.0    $10.1      $7.4     $8.4

Equity ounces
 sold (000)       133.4      475.3    70.3     28.3      27.7     36.6
Equity total
 cash cost
 per ounce sold    $206       $201    $122     $259      $224     $123
Equity total
 production cost
 per ounce sold    $278       $273    $157     $352      $267     $232

Three months
 ended             Total                              Other
 September 30,     Other     Total   Golden           Non-
 2002         International  Gold    Grove   Kasese   Gold  Consolidated
Costs applicable
 to sales under
 GAAP             $25.9     $431.2    $8.8    $1.7    $0.7      $442.4
  Minority
   interest          --     (47.1)      --      --      --      (47.1)
  Reclamation
   expense        (0.8)      (6.6)      --      --      --       (6.6)
  Write-down
   inventories    (0.3)     (21.5)   (0.2)      --      --      (21.7)
  Non-cash
   inventory
   adjustment        --         --      --      --      --          --
  Other           (0.5)      (2.1)   (8.6)   (1.7)   (0.7)      (13.1)

Total cash
 cost for
 per ounce
 calculations      24.3      353.9      --      --      --       353.9
  Reclamation
   expense and
   other            0.8        6.7      --      --      --         6.7
  Depreciation,
   depletion and
   amortization    11.9      114.6     5.6      --    13.4       133.6
  Minority
   interest
   and other      (0.1)     (13.5)   (5.6)      --  (13.4)      (32.5)

Total
 production
 cost for
 per ounce
 calculations     $36.9     $461.7      --      --      --      $461.7

Equity ounces
 sold (000)       162.9    1,869.1     n/a     n/a     n/a     1,869.1
Equity total
 cash cost
 per ounce
 sold              $149       $189     n/a     n/a     n/a        $189
Equity total
 production
 cost per
 ounce sold        $226       $247     n/a     n/a     n/a        $247

Nine months ended                                                Total
 September 30,                         La     Golden             North
 2003             Nevada  Mesquite  Herradura  Giant   Holloway  America
Costs applicable
 to sales under
 GAAP            $456.1       $7.6    $8.8    $41.0     $15.4   $528.9
  Minority
   interest          --         --      --       --        --       --
  Reclamation/
   accretion
   expense        (4.8)      (0.2)   (0.1)    (1.2)     (0.4)    (6.7)
  Write-down
   inventories    (2.9)         --      --       --        --    (2.9)
  Other          (11.0)         --      --       --        --   (11.0)

Total cash cost
 for per ounce
 calculations     437.4        7.4     8.7     39.8      15.0    508.3
  Reclamation/
   accretion
   expense and
   other            4.8        0.2     0.1      1.2       0.4      6.7
  Depreciation,
   depletion and
   amortization   103.4        3.6     2.5     15.0       3.8    128.3
  Minority
   interest
   and other         --         --      --       --        --       --

Total production
 cost for
 per ounce
 calculations    $545.6      $11.2   $11.3    $56.0     $19.2   $643.3

Equity ounces
 sold (000)     1,865.1       42.8    50.9    161.8      50.1  2,170.7
Equity total
 cash cost
 per ounce sold    $239       $172    $171     $246      $300     $238
Equity total
 production cost
 per ounce sold    $299       $261    $222     $347      $384     $302

Nine months ended                    Total
 September 30,                Kori   South
 2003            Yanacocha   Kollo  America  Pajingo  Kalgoorlie  Yandal
Costs applicable
 to sales under
 GAAP            $274.3      $32.6  $306.9    $32.5     $83.4   $126.8
  Minority
   interest     (138.7)      (3.9) (142.6)       --        --       --
  Reclamation/
   accretion
   expense        (2.5)      (1.8)   (4.3)    (0.1)     (1.1)    (1.6)
  Write-down
   inventories       --         --      --       --     (1.0)    (2.7)
  Other              --         --      --       --        --       --

Total cash cost
 for per ounce
 calculations     133.1       26.9   160.0     32.4      81.3    122.5
  Reclamation/
   accretion
   expense
   and other        2.5        1.8     4.3    (0.2)       1.1      1.5
  Depreciation,
   depletion and
   amortization   124.4        5.6   130.0     20.7       6.9     30.2
  Minority
   interest
   and other     (54.3)      (0.7)  (55.0)       --        --       --

Total production
 cost for
 per ounce
 calculations    $205.7      $33.6  $239.3    $52.9     $89.3   $154.2

Equity ounces
 sold (000)     1,130.0      144.5 1,274.5    258.7     309.2    433.0
Equity total
 cash cost per
 ounce sold        $118       $186    $125     $125      $263     $283
Equity total
 production cost
 per ounce sold    $182       $232    $188     $205      $289     $356

Nine months ended
 September 30,     NFM      Total    Zarafshan,
 2003             Tanami  Australia  Uzbekistan  Minahasa  Martha  Ovacik
Costs applicable
 to sales under
 GAAP            $114.6    $357.3     $25.7      $21.7    $19.7   $17.6
  Minority
   interest       (4.2)     (4.2)        --         --    (0.3)      --
  Reclamation/
   accretion
   expense        (0.8)     (3.6)     (0.2)      (0.4)    (0.3)   (0.2)
  Write-down
   inventories    (2.0)     (5.7)        --      (1.3)    (2.6)      --
  Other              --        --        --      (1.3)       --      --
Total cash
 cost for
 per ounce
 calculations     107.6     343.8      25.5       18.7     16.5    17.4
  Reclamation/
   accretion
   expense and
   other            0.1       2.5       0.2        0.4      0.1     0.1
  Depreciation,
   depletion and
   amortization    27.5      85.3       8.0        5.8      8.2    11.4
  Minority
   interest
   and other      (1.0)     (1.0)        --      (0.3)    (0.1)      --

Total production
 cost for
 per ounce
 calculations    $134.2    $430.6     $33.7      $24.6    $24.7   $28.9

Equity ounces
 sold (000)       449.3   1,450.2     171.9       81.2     73.5   137.7
Equity total
 cash cost per
 ounce sold        $239      $237      $148       $231     $225    $126
Equity total
 production cost
 per ounce sold    $299      $297      $196       $303     $338    $209

Nine months
 ended             Total
 September 30,     Other     Total   Golden     Other
 2003         International   Gold    Grove   Non-Gold  Consolidated
Costs applicable
 to sales under
 GAAP             $84.7   $1,277.8   $29.7     $3.4     $1,310.9
  Minority
   interest       (0.3)    (147.1)      --       --      (147.1)
  Reclamation/
   accretion
   expense        (1.1)     (15.7)      --       --       (15.7)
  Write-down
   inventories    (3.9)     (12.5)   (7.1)       --       (19.6)
  Other           (1.3)     (12.3)  (22.6)    (3.4)       (38.3)

Total cash cost
 for per ounce
 calculations      78.1    1,090.2      --       --      1,090.2
  Reclamation/
   accretion
   expense and
   other            0.8       14.3      --       --         14.3
  Depreciation,
   depletion and
   amortization    33.4      377.0    15.8     28.6        421.4
  Minority
   interest
   and other      (0.4)     (56.4)  (15.8)   (28.6)      (100.8)

Total production
 cost for
 per ounce
 calculations    $111.9   $1,425.1      --       --     $1,425.1

Equity ounces
 sold (000)       464.3    5,359.7     n/a      n/a      5,359.7
Equity total
 cash cost per
 ounce sold        $168       $205     n/a      n/a         $205
Equity total
 production cost
 per ounce sold    $241       $268     n/a      n/a         $268

Nine months ended                                                Total
 September 30,                         La     Golden             North
 2002             Nevada  Mesquite  Herradura  Giant   Holloway  America
Costs applicable
 to sales under
 GAAP            $494.2       $8.0    $8.7    $40.9     $14.1   $565.9
  Minority
   interest          --         --      --       --        --       --
  Reclamation
   expense        (4.4)         --   (0.1)    (1.2)     (0.4)    (6.1)
  Write-down
   inventories   (35.7)         --      --    (0.2)        --   (35.9)
  Non-cash
   inventory
   adjustment     (1.4)         --      --       --        --    (1.4)
  Other           (0.3)         --      --       --        --    (0.3)

Total cash cost
 for per ounce
 calculations     452.4        8.0     8.6     39.5      13.7    522.2
  Reclamation
   expense and
   other            5.9         --     0.1      1.2       0.4      7.6
  Depreciation,
   depletion and
   amortization    84.7        4.7     2.4     14.3       4.2    110.3
  Minority interest
   and other         --         --      --       --        --       --

Total production
 cost for
 per ounce
 calculations    $543.0      $12.7   $11.1    $55.0     $18.3   $640.1

Equity ounces
 sold (000)     1,927.1       44.2    48.5    201.2      71.0  2,292.0
Equity total
 cash cost per
 ounce sold        $235       $180    $177     $196      $192     $228
Equity total
 production cost
 per ounce sold    $282       $287    $229     $273      $257     $279

Nine months ended                    Total
 September 30,                Kori   South
 2002            Yanacocha   Kollo  America  Pajingo  Kalgoorlie  Yandal
Costs applicable
 to sales under
 GAAP            $221.1      $34.4  $255.5    $20.6     $52.0    $96.8
  Minority
   interest     (110.7)      (4.1) (114.8)       --        --       --
  Reclamation
   expense        (2.0)      (0.8)   (2.8)    (0.6)     (1.1)    (2.3)
  Write-down
   inventories       --         --      --       --        --    (1.0)
  Non-cash
   inventory
   adjustment        --         --      --    (0.8)     (2.2)    (0.3)
  Other           (0.7)         --   (0.7)    (0.3)        --    (0.1)

Total cash cost
 for per ounce
 calculations     107.7       29.5   137.2     18.9      48.7     93.1
  Reclamation
   expense and
   other            2.0        0.8     2.8      1.4       3.3      2.6
  Depreciation,
   depletion and
   amortization    85.8       10.4    96.2     17.8       6.2     28.4
  Minority
   interest
   and other     (39.4)      (1.3)  (40.7)       --        --       --

Total production
 cost for
 per ounce
 calculations    $156.1      $39.4  $195.5    $38.1     $58.2   $124.1

Equity ounces
 sold (000)       823.1      191.9 1,015.0    208.6     221.1    423.8
Equity total
 cash cost per
 ounce sold        $131       $154    $135      $91      $220     $220
Equity total
 production cost
 per ounce sold    $190       $205    $193     $183      $263     $293

Nine months ended
 September 30,     NFM      Total    Zarafshan,
 2002             Tanami  Australia  Uzbekistan  Minahasa  Martha  Ovacik
Costs applicable
 to sales under
 GAAP             $78.0    $247.4      $25.8      $26.1    $10.8  $11.9
  Minority
   interest      (11.0)    (11.0)         --         --       --      --
  Reclamation
   expense        (1.3)     (5.3)        0.4      (0.8)    (0.3)   (0.3)
  Write-down
   inventories       --     (1.0)         --      (0.3)       --      --
  Non-cash
   inventory
   adjustment     (1.1)     (4.4)         --         --    (0.5)   (0.6)
  Other           (0.8)     (1.2)         --      (1.5)    (0.1)   (0.2)

Total cash cost
 for per ounce
 calculations      63.8     224.5       26.2       23.5      9.9   10.8
  Reclamation
   expense and
   other            2.4       9.7      (0.4)        0.8      0.8    0.9
  Depreciation,
   depletion and
   amortization    23.7      76.1        8.0        8.3      9.7    7.3
  Minority
   interest
   and other      (3.3)     (3.3)         --      (0.5)       --      --

Total production
 cost for
 per ounce
 calculations     $86.6    $307.0      $33.8      $32.1    $20.4  $19.0

Equity ounces
 sold (000)       318.1   1,171.6      194.0      114.1     74.3    84.6
Equity total
 cash cost per
 ounce sold        $202      $192       $135       $206     $132    $128
Equity total
 production cost
 per ounce sold    $273      $262       $174       $281     $274    $225

Nine months
 ended             Total                              Other
 September 30,     Other     Total   Golden           Non-
 2002         International  Gold    Grove   Kasese   Gold  Consolidated
Costs applicable
 to sales under
 GAAP             $74.6   $1,143.4   $21.8    $7.8    $0.8     $1,173.8
  Minority
   interest          --    (125.8)      --      --      --      (125.8)
  Reclamation
   expense        (1.0)     (15.2)      --      --      --       (15.2)
  Write-down
   inventories    (0.3)     (37.2)   (0.4)      --      --       (37.6)
  Non-cash
   inventory
   adjustment     (1.1)      (6.9)      --      --      --        (6.9)
   Other          (1.8)      (4.0)  (21.4)   (7.8)   (0.8)       (34.0)

Total cash cost
 for per ounce
 calculations      70.4      954.3      --      --      --        954.3
  Reclamation
   expense and
   other            2.1       22.2      --      --      --         22.2
  Depreciation,
   depletion and
   amortization    33.3      315.9    12.6      --    30.9        359.4
  Minority
   interest
   and other      (0.5)     (44.5)  (12.6)      --  (30.9)       (88.0)

Total production
 cost for
 per ounce
 calculations    $105.3   $1,247.9      --      --      --     $1,247.9

Equity ounces
 sold (000)       467.0    4,945.6     n/a     n/a     n/a      4,945.6
Equity total
 cash cost per
 ounce sold        $151       $193     n/a     n/a     n/a         $193
Equity total
 production cost
 per ounce sold    $225       $252     n/a     n/a     n/a         $252	

6. Reconciliation of Batu Hijau Costs Applicable to Sales to Equity Net Cash Costs Per Pound
Three months ended Nine months ended September 30, September 30, 2003 2002 2003 2002 Costs applicable to sales under GAAP ($4,085) $18,167 $31,691 $79,514

Smelting and refining                 26,734   31,109    70,533    76,696
Minority interest                    (11,255) (22,753)  (47,924)  (71,763)
Reclamation/accretion expense           (952)   1,286    (3,286)     (622)
Total cash cost for per pound
 calculation                          10,442   27,809    51,014    83,825
Reclamation/accretion expense and
 other                                   952   (1,286)    3,286       622
Depreciation, depletion and
 amortization                         16,158   17,489    46,651    48,442
Total production cost for per pound
 calculation                         $27,552  $44,012  $100,951  $132,889

Equity copper pounds sold (000)      103,246  114,487   264,290   271,427
Equity net cash cost per pound         $0.10    $0.24     $0.19     $0.31
Equity total production cost per
 pound                                 $0.27    $0.38     $0.38     $0.49	

7. Reconciliation of Golden Grove Costs Applicable to Sales to Total Copper and Zinc Cash Costs Per Pound

                                    Three months ended September 30,
                                      2003                  2002
                                 Total    Zinc    Total   Copper   Zinc
Costs applicable to sales under
 GAAP                            $4,737    $418   $8,717  $1,255   $7,462
Smelting and refining             6,347   5,434    7,339   2,775    4,564
Reclamation/accretion expense       (90)    (17)      --      --       --
Write-down of inventories          (316)    747     (161)    (94)     (67)
Total cash cost for per pound
 calculation                     10,678   6,582   15,895   3,936   11,959
Reclamation/accretion expense
 and other                           90      17       --      --       --
Depreciation, depletion and
 amortization                     2,046     186    5,606   1,256    4,350
Total production cost for per
 pound calculation              $12,814  $6,785  $21,501  $5,192  $16,309

Total pounds sold (000)              n/a  9,504       n/a 12,594   43,455
Equity net cash cost per pound       n/a  $0.69       n/a  $0.31    $0.28
Equity total production cost
 per pound                           n/a  $0.71       n/a  $0.41    $0.38

                                    Nine months ended September 30,
                                    2003                  2002
                               Total    Zinc     Total   Copper    Zinc
Costs applicable to sales
 under GAAP                   $29,670   $7,574  $21,835  $14,720   $7,115
Smelting and refining          22,682   15,524   18,877    6,530   12,347
Reclamation/accretion expense    (269)    (119)      --       --       --
Write-down of inventories      (7,095)  (3,123)    (418)    (347)     (71)
Total cash cost for per pound
 calculation                   44,988   19,856   40,294   20,903   19,391
Reclamation/accretion expense
 and other                        269      119       --       --       --
Depreciation, depletion and
 amortization                  15,814    6,366   12,623    7,709    4,914
Total production cost for per
 pound calculation            $61,071  $26,341  $52,917  $28,612  $24,305

Total pounds sold (000)            n/a  63,132       n/a  37,669  112,837
Equity net cash cost per
 pound                             n/a   $0.31       n/a   $0.55    $0.17
Equity total production cost
 per pound                         n/a   $0.42       n/a   $0.76    $0.22	

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

                 Australian Gold Hedge Books              Newmont Gold
                                                           Hedge Book

       Gold Put  Gold Forward   Convertible      Sold      Price Capped
        Option      Sales       Put Options   Combination    Contracts
       Contracts  Contracts       & Other     Put Options
                                Instruments

Years Ozs   Price  Ozs  Price   Ozs   Price   Ozs   Price   Ozs  Price
             (2)         (2)           (2)           (2)          (2)
2003  52    $292   --     --     --     --    --     --     --     --
2004  203   $292   --     --     --     --    --     --     --     --
2005  205   $292   --     --     --     --    --     --     500   $350
2006  100   $338   --     --     --     --    --     --     --     --
2007  20    $397   --     --     --     --    --     --     --     --
2008  --     --    --     --     --     --    --     --    1,000  $384
2009  --     --    --     --     --     --    --     --     600   $381
2010  --     --    --     --     --     --    --     --     --     --
2011  --     --    --     --     --     --    --     --     250   $392
Total/
Average	

(1) 580 $304 -- -- -- -- -- -- 2,350 $377
The mark-to-market value of the Australian gold hedge books was negative $11 million at September 30, 2003.
The following table shows the approximate sensitivities of the US$ mark- to-market value of the Australian gold hedge books to certain market variables as of September 30, 2003 (actual changes in the timing and amount of the following variables may differ from the assumed changes below):

Market Variables          Change in Variable           Change in
                                                  Mark-to-Market Value
                                                       (millions)

A$ Interest Rates              +/-1.0%                  -/+ $0.0
US$/A$ Exchange Rates        +/- US$0.01                +/-$0.0
Gold Lease Rates               +/-1.0%                  +/-$1.1
US$ Interest Rates             +/-1.0%                  -/+$1.2
US$ Gold Price/oz.             +/-$1.00                 -/+$0.2	

Notes:
1. For more detailed descriptions, definitions and explanations, refer to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 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.
Investor Information
Investor Contacts

Russell Ball
Telephone:      (303) 837-5927
Email:          russell_ball@corp.newmont.com

Wendy Yang
Telephone:      (303) 837-6141
Email:          wyang@corp.newmont.com

Nicola Frazer
Telephone:      61-8-8303-1756
Email:          nfrazer@newmont.com.au

Media Contacts

Doug Hock
Telephone:      (303) 837-5812
Email:          doughock@corp.newmont.com

Danielle Martin
Telephone:      61-8-8303-1911
Email:          danielle.martin@newmont.com.au	

Corporate Address
Newmont Mining Corporation
1700 Lincoln Street
Denver, CO 80203

Telephone:     (303) 863-7414
Facsimile:     (303) 837-5837

Company Website
www.newmont.com	

Stock Exchange Listings - Ticker

New York Stock Exchange       NEM
Toronto Stock Exchange        NMC
Australian Stock Exchange     NEM	

NYSE Share Price Performance (Q3)

                       Jul 03        Aug 03       Sep 03       Q3 2003
High                   $36.29        $39.58       $42.17        $42.17
Low                    $31.25        $35.58       $37.90        $31.25
Last                   $36.10        $39.26       $39.09        $39.09	

Shareholder Information
Please contact the respective stock transfer agent acting as transfer agent, registrar and dividend disbursing agent for the securities listed below. Information regarding shareholder accounts, dividend payments, stock transfer and related matters for the respective securities should be directed to the transfer agent listed.
For holders of Newmont Stock (NYSE:NEM) Mellon Investor Services, LLC
85 Challenger Road
Ridgefield Park, NJ 07660
Toll free: (888) 216-8104
(between 8:00 a.m. and 8:00 p.m. Eastern Time)
Internet: www.melloninvestor.com
For holders of Newmont Exchangeable Shares

(TSX: NMC)

Computershare Trust Company of Canada 100 University Avenue, 9th Floor
Toronto, Ontario M5J 2Y1

Canada

Toll-Free:         (800) 663-9097
Telephone:         (416) 981-9633
Internet:          caregistryinfo@computershare.com	

For holders of Newmont CHESS Depository Interests

(CDIs trading on ASX: NEM)

National Shareholder Services Pty Limited 100 Hutt Street, Adelaide 5000

South Australia
Australia

Telephone:         61-8-8232-0003
Facsimile:         61-8-8232-0072	

The Company's third quarter earnings conference call and web cast presentation is scheduled for Wednesday, October 29, 2003 beginning at 4:00
p.m. Eastern Standard Time (2:00 p.m. Mountain Standard Time). To participate:

Dial-In Number:     (630) 395-0029
Leader:             Russell Ball
Password:           Newmont	

The conference call will also be simultaneously carried on our web site 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 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 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; (iv) estimates of future cash flows, and the sensitivity of cash flows to the gold and other metals prices; (v) statements regarding future debt repayments; (vi) estimates of future capital expenditure,tax rates and expenses; (vii) estimates of reserves, and statements regarding future exploration results and the replacement of reserves; (viii) statements regarding anticipated timing of various transactions and projects; and (ix) statements regarding 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, as well as 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 Annual Report on Form 10-K for the year ended December 31, 2002, 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 any 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.
SOURCE Newmont Mining Corporation
-0- 10/29/2003 AA LAW064 /PRNewswire-FirstCall -- Oct. 29/
/END FIRST AND FINAL ADD/
 /Web site: http://www.melloninvestor.com / /Web site: http://www.newmont.com /

(NEM NMC.)
CO: Newmont Mining Corporation
ST: Colorado, Ontario
IN: MNG
SU: ERN CCA