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):

 July 20, 2016 
 
 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.)	
		 	
6363 South Fiddlers Green Circle, Greenwood Village, CO  80111	
(Address of principal executive offices) (zip code)	
		 	
	(303) 863-7414		
(Registrant's telephone number, including area code)	

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On July 20, 2016, Newmont Mining Corporation, a Delaware corporation, issued a news release reporting its operating and financial results for the second quarter ended June 30, 2016.  A copy of the news release is furnished as Exhibit 99.1 to this report.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit Number                Description of Exhibit
99.1                                    News Release, dated July 20, 2016
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/ Laurie Brlas	
			Name:	Laurie Brlas	
			Title:	Executive Vice President and Chief Financial	
				Officer	

Dated:	July 20, 2016				
3

EXHIBIT INDEX

Exhibit Number	 	Description of Exhibit	
		 	
99.1		News Release, dated July 20, 2016	

4

Exhibit 99.1
Newmont Announces Second Quarter Operating and Financial Results
DENVER--(BUSINESS WIRE)--July 20, 2016--Newmont Mining Corporation (NYSE:NEM) (Newmont or the Company) announced second quarter results.
·	Net income: Reported GAAP net income attributable to shareholders from continuing operations of $50 million, or $0.09 per share, compared to $63 million, or $0.13 per share in the prior year quarter; achieved adjusted net income 1 of $231 million, or $0.44 per basic share, compared to $131 million or $0.26 per share in the prior year quarter
·	EBITDA: Achieved adjusted EBITDA 2 of $804 million in the second quarter, compared to $692 million in the prior year quarter
·	Cash flow: Generated net cash from continuing operating activities of $780 million and free cash flow 3 of $486 million, compared to $441 million and $119 million in the prior year quarter
·	Attributable production: Produced 1.3 million ounces and 38,000 tonnes of attributable gold and copper, respectively, compared to 1.2 million ounces and 42,000 tonnes in the prior year quarter
·	Costs applicable to sales (CAS): Improved gold CAS to $637 per ounce 4 compared to $642 per ounce in the prior year quarter, and reported copper CAS of $1.21 per pound unchanged from the prior year quarter
·	All-in sustaining costs (AISC) 5 : Improved gold AISC to $876 per ounce compared to $909 per ounce in the prior year quarter, and improved copper AISC to $1.53 per pound compared to $1.61 per pound in the prior year quarter
·	Outlook: Improved 2016 outlook and long term cost outlook; updated outlook excludes Batu Hijau
·	Portfolio: Merian, Long Canyon, Cripple Creek & Victor (CC&V) and Tanami projects progressing on schedule and at or below budget. Northwest Exodus has been approved and is expected to reach first gold production in Q3 2016; announced agreement to sell Newmont’s ownership stake in PTNNT
·	Shareholder returns: Maintained second quarter dividend of $0.025 per share 6
“Newmont’s strong second quarter results included delivering adjusted EBITDA of more than $800 million, free cash flow of $486 million, and announcing the sale of our 48.5 percent stake in PTNNT for total consideration of $1.3 billion including $920 million cash at close.” said Gary Goldberg, President and Chief Executive Officer. “Consistently strong operational performance has given us the means to strengthen our portfolio and balance sheet, and position Newmont to continue outperforming. We progressed construction of two new mines, and are now building three higher margin expansion projects including Northwest Exodus – on time and at or below budget. We have also been able to reduce our net debt by nearly 50% since 2013.”
____________________________________
1 Non-GAAP measure. See end of release for reconciliation to net income attributable to Newmont stockholders.
2 Non-GAAP measure. See end of release for reconciliation to net income attributable to Newmont stockholders.
3 Non-GAAP measure. See end of release for reconciliation to net cash provided by operating activities.
4 Non-GAAP measure. See end of release for reconciliation to costs applicable to sales.
5 Non-GAAP measure. See end of release for reconciliation to cost applicable to sales.
6 Such policy is non-binding; declaration of future dividends remains subject to approval and discretion of the Board of Directors.

Second Quarter Summary Results
GAAP Net income attributable to Newmont stockholders from continuing operations was $50 million, or $0.09 per share, compared to $63 million or $0.13 per share in the prior year quarter. Adjusted Net Income was $231 million or $0.44 per share, compared to $131 million or $0.26 per share in the prior year quarter. The primary adjustment to net income in the second quarter is a $174 million movement in tax valuation allowances and tax adjustments related to prior period earnings.
Revenue totaled $2.0 billion in the quarter, in line with $1.9 billion in the second quarter of 2015 as higher gold volumes and pricing offset lower copper volumes and pricing.
Average net realized gold and copper price 7 was $1,260 per ounce and $1.94 per pound, respectively, compared with $1,179 per ounce and $2.41 per pound in the prior year quarter.
Attributable production totaled 1.3 million ounces, compared to 1.2 million ounces in the second quarter of 2015. During the quarter, new production from CC&V and higher production at Tanami, Kalgoorlie and Ahafo more than offset declining production at Yanacocha and the sale of Waihi. Attributable copper production totaled 38,000 tonnes compared to 42,000 tonnes in the prior year period due to slightly lower grade and throughput at Batu Hijau.
CAS Total costs applicable to sales of $1,059 million and $637 per ounce in the second quarter compared to $1,027 million and $642 per ounce in the prior year quarter. Second quarter CAS per ounce improvements were led by Kalgoorlie and the inclusion of CC&V. Higher production offset processing lower grade and deep transitional ore at Yanacocha. Copper CAS was $1.21 per pound in the second quarter, no change from the prior year quarter.
AISC was $876 per ounce and $1.53 per pound, respectively, compared to $909 per ounce and $1.61 per pound in the prior year quarter. AISC benefitted from production and CAS improvements detailed above and further improved due to timing-related reductions in sustaining capital. Full year sustaining capital is expected to be slightly lower due to ongoing cost and efficiency improvements.
Capital expenditures 8 for the second quarter were $294 million, including $155 million of sustaining capital, compared to $322 million in the prior year quarter, including $170 million sustaining capital. Sustaining capital for the quarter declined slightly due to timing of spend. Development capital was used to construct projects, including new mines at Merian and Long Canyon, and expansions at CC&V and Tanami.
Net cash provided by continuing operating activities was $780 million in the second quarter, compared to $441 million in the prior year quarter primarily due to increased gold pricing and volumes, assisted by lower costs. Free cash flow was $486 million in the second quarter, compared to $119 million in the prior year quarter. The company held $2,902 million of consolidated cash on its balance sheet at the end of the second quarter.
Newmont has also generated approximately $1.9 billion in asset sales since 2013 while maintaining steady attributable gold production. Gross proceeds from asset sales would increase further with the expected sale of Batu Hijau.
On June 30, Newmont announced an agreement to sell its interests in PTNNT, which operates the Batu Hijau copper and gold mine in Indonesia. The total consideration of $1.3 billion for Newmont’s 48.5 percent economic interest includes cash proceeds of $920 million expected to be paid at closing and contingent payments of $403 million tied to metal price upside and development of the Elang deposit.
7 Non-GAAP measure. See end of release for reconciliation to sales.
8 Capital expenditures refers to Additions to property plant and mine development from the statements of consolidated cash flows.

	 			 			 			 			 			 			
		Three Months Ended June 30,		Six Months Ended June 30,	
 	 	2016	 	2015	 	% Change	 	2016	 	2015	 	% Change	
Attributable Sales (koz, kt)																			
Attributable gold ounces sold			1,279			1,157		11	%			2,491			2,351		6	%	
Attributable copper tonnes sold			33			37		(11)	%			76			75		1	%	
																		 	
Average Realized Price ($/oz, $/lb)																			
Average realized gold price		$	1,260		$	1,179		7	%		$	1,226		$	1,192		3	%	
Average realized copper price	 	$	1.94	 	$	2.41	 	(19)	%	 	$	1.98	 	$	2.37	 	(16)	%	
																		 	
Attributable Production (koz, kt)																			
North America			477			377		27	%			933			782		19	%	
South America			81			111		(27)	%			173			238		(27)	%	
Asia Pacific			522			520		-	%			1,001			958		4	%	
Africa	 	 	205	 	 	195	 	5	%	 	 	407	 	 	411	 	(1)	%	
Total Gold	 	 	1,285	 	 	1,203	 	7	%	 	 	2,514	 	 	2,389	 	5	%	
																		 	
North America			5			6		(17)	%			10			11		(9)	%	
Asia Pacific	 	 	33	 	 	36	 	(8)	%	 	 	66	 	 	68	 	(3)	%	
Total Copper	 	 	38	 	 	42	 	(10)	%	 	 	76	 	 	79	 	(4)	%	
																		 	
CAS Consolidated ($/oz, $/lb)																			
North America		$	700		$	764		(8)	%		$	716		$	726		(1)	%	
South America			773			635		22	%			743			543		37	%	
Asia Pacific			577			618		(7)	%			573			648		(12)	%	
Africa	 	 	560	 	 	488	 	15	%	 	 	558	 	 	481	 	16	%	
Total Gold	 	$	637	 	$	642	 	(1)	%	 	$	638	 	$	628	 	2	%	
Total Gold (by-product)	 	$	577	 	$	518	 	11	%	 	$	550	 	$	515	 	7	%	
																		 	
North America		$	2.02		$	1.83		10	%		$	2.07		$	1.89		10	%	
Asia Pacific	 	 	1.13	 	 	1.17	 	(3)	%		 	1.04	 	 	1.23	 	(15)	%	
Total Copper	 	$	1.21	 	$	1.21	 	-	%	 	$	1.12	 	$	1.28	 	(13)	%	
																		 	
AISC Consolidated ($/oz, $/lb)																			
North America		$	884		$	973		(9)	%		$	880		$	931		(5)	%	
South America			1,260			1,000		26	%			1,123			844		33	%	
Asia Pacific			706			771		(8)	%			695			796		(13)	%	
Africa	 	 	733	 	 	711	 	3	%	 	 	716	 	 	672	 	7	%	
Total Gold	 	$	876	 	$	909	 	(4)	%	 	$	852	 	$	879	 	(3)	%	
Total Gold (by-product)	 	$	843	 	$	826	 	2	%	 	$	795	 	$	806	 	(1)	%	
																		 	
North America		$	2.27		$	2.44		(7)	%		$	2.38		$	2.32		3	%	
Asia Pacific	 	 	1.46	 	 	1.55	 	(6)	%	 	 	1.34	 	 	1.61	 	(17)	%	
Total Copper	 	$	1.53	 	$	1.61	 	(5)	%	 	$	1.42	 	$	1.67	 	(15)	%	
																		 	
Projects Update
Cripple Creek & Victor (CC&V) expansion includes a new leach pad, recovery plant and mill. Leach pad construction finished ahead of schedule with first production in March 2016. The recovery plant remains on schedule to be completed later this year. Gold production for 2016 is expected to be between 350,000 and 400,000 ounces at CAS of between $500 and $550 per ounce and AISC of between $600 and $650 per ounce, with production weighted toward the latter part of the year. CC&V development capital is forecasted at approximately $185 million, with $70 million to be spent in 2016.
Merian is a new mine in Suriname expected to deliver more than a decade of profitable production and accretive returns. Construction is approximately 90% complete. The project remains $100 million below initial budget and is on track to reach commercial production in the second half of 2016. Merian will produce between 400,000 and 500,000 ounces (on a 100% basis) of gold annually during its first five years at CAS of between $575 and $675 per ounce and AISC of between $650 and $750 per ounce. Newmont’s 75% share of development capital is estimated at between $575 million and $625 million, with an expenditure of between $170 million and $210 million in 2016.
Long Canyon is an oxide ore body that provides significant exploration upside potential in an emerging district. The Phase 1 project is approximately 80% complete and remains on budget and on schedule to reach commercial production in the first quarter of 2017. This first phase of development includes an open pit mine and heap leach operation. Production is expected to average between 100,000 and 150,000 ounces per year at CAS of between $400 and $500 per ounce and AISC of between $500 and $600 per ounce over an eight year mine life. Approximately half of the total capital costs of between $250 million and $300 million will be spent in 2016 with minimal spending in 2017.

Tanami Expansion Project includes constructing a second decline in the mine and building incremental capacity in the plant to increase profitable production and serve as a platform for future expansion. The project is on budget and on schedule to deliver additional production beginning in 2017. The expansion expects to maintain annual gold production of between 425,000 and 475,000 ounces per year at CAS of between $550 and $600 per ounce and AISC of between $700 and $750 per ounce for the first five years. The expansion will also increase mine life by three years. Capital costs for the project are estimated at between $100 million and $120 million with approximately half of that amount spent in 2016.
Northwest Exodus is a sustaining capital underground extension in the Carlin North Area that is expected to extend mine life by seven years, to produce incremental gold production between 50,000 and 75,000 ounces per year in the first five years, and to improve Carlin’s CAS by an average of $20 per ounce and AISC by an average of $25 per ounce. The project will produce first gold in Q3 2016.
Ahafo Mill Expansion and Subika Underground represent opportunities not currently included in Newmont’s outlook. The two projects would increase profitable production at Ahafo while lowering costs and offsetting the impacts of lower grades and harder ore. Both projects will be reviewed in the second half of 2016.
Outlook
Outlook excludes Batu Hijau for all periods for illustrative purposes. The transaction is expected to close in the third quarter following receipt of regulatory approvals and satisfaction of other conditions precedent.
Attributable gold production is expected to increase from between 4.7 and 5.0 million ounces in 2016 to between 4.9 and 5.4 million ounces in 2017, and remain stable at between 4.5 and 5.0 million ounces through 2020. New production at CC&V, Long Canyon Phase 1, Northwest Exodus, Tanami and Merian is expected to offset the impacts of maturing operations at Yanacocha and the sale of Batu Hijau. Projects that are not yet approved, including Ahafo Mill Expansion and Subika Underground, represent production upside of between 200,000 and 300,000 ounces of gold beginning in 2018.
Attributable copper production is expected to be between 40,000 and 60,000 tonnes in 2016 and between 40,000 and 65,000 tonnes in 2017 and 2018, with stable production expected at Phoenix Copper Leach and Boddington.
Gold cost outlook – CAS is expected to be between $630 and $680 per ounce in 2016, and remain stable at between $650 and $750 per ounce in 2017 and 2018. Costs benefit from higher grades at Carlin underground mines through 2017, and from lower cost production at Tanami and Merian through 2018. Ongoing cost and efficiency improvements are expected to offset lower grades and throughput at Ahafo and maturing operations at Yanacocha. Full Potential savings and lower cost ounces from projects that have yet to be approved could further improve costs in 2017 and beyond.
AISC is expected to improve to between $870 and $930 per ounce in 2016, holding relatively steady at between $850 and $950 per ounce in 2017. Long term AISC guidance is improved to between $880 and $980 per ounce based on inclusion of Northwest Exodus and improved oil price assumptions.
Copper cost outlook – Copper CAS is expected to be between $1.80 and $2.00 per pound in 2016 and 2017 rising temporarily to between $2.30 and $2.50 per pound in 2018 due to stripping at Boddington. Copper AISC is expected to average between $2.20 and $2.40 per pound in 2016 increasing to between $2.30 and $2.60 in 2017 due to timing on sustaining capital spend. Copper AISC is expected to increase to between $2.75 and $2.95 per pound in 2018 due to stripping at Boddington.
Capital – 2016 capital is expected to be between $1.1 and $1.3 billion including between $650 and $700 million of sustaining capital. Sustaining capital is expected to increase to between $800 and $900 million in 2017 to cover equipment rebuilds, water treatment and tailings storage facilities. Technical and operational cost and efficiency improvements represent further upside. Long-term sustaining capital is expected to remain stable at between $700 and $800 million to cover infrastructure, equipment and ongoing mine development.

Debt – The company expects approximately $260 to $280 million of interest expense in 2016. Year-to-date, Newmont has reduced debt by more than $600 million in 2016. The Company remains on track to repay $800 million to $1.3 billion of debt between 2016 and 2018, targeting the highest rates and nearest-term maturities first.
2016 Outlook a

		Consolidated		Attributable		Consolidated		Consolidated All-
in Sustaining		Consolidated
Total Capital	
		Production		Production		CAS		Costs b		Expenditures	
 	 	(Koz, Kt)	 	(Koz, Kt)	 	($/oz, $/lb)	 	($/oz, $/lb)	 	($M)	
North America											
Carlin		1,040 – 1,100		1,040 – 1,100		$750 – $800		$950 – $980		$190 – $210	
Phoenix c		180 – 200		180 – 200		$825 – $875		$975 – $1,025		$20 – $30	
Twin Creeks d		400 – 430		400 – 430		$550 – $600		$650 – $700		$25 – $35	
CC&V		350 – 400		350 – 400		$500 – $550		$600 – $650		$80 – $90	
Long Canyon										$140 – $160	
Other North America	 	 	 	 	 	 	 	 	 	$5 – $15	
Total		1,970 – 2,130		1,970 – 2,130		$650 – $700		$825 – $900		$460 – $540	
										 	
South America											
Yanacocha e		630 – 660		310 – 350		$820 – $870		$1,100 – $1,170		$70 – $90	
Merian	 	120 – 140	 	90 – 100	 	$430 – $460	 	$650 – $700	 	$210 – $250	
Total		750 – 800		400 – 450		$760 – $810		$1,050 – $1,150		$280 – $340	
										 	
Asia Pacific											
Boddington		725 – 775		725 – 775		$660 – $700		$750 – $800		$60 – $70	
Tanami		400 – 475		400 – 475		$500 – $550		$750 – $800		$150 – $160	
Kalgoorlie f		350 – 400		350 – 400		$650 – $700		$725 – $775		$10 – $20	
Other Asia Pacific	 	 	 	 	 	 	 	 	 	$5 – $15	
Total		1,475 – 1,650		1,475 – 1,650		$600 – $650		$760 – $820		$225 – $265	
										 	
Africa											
Ahafo		330 – 360		330 – 360		$760 – $810		$990 – $1,070		$60 – $80	
Akyem	 	430 – 460	 	430 – 460	 	$500 – $540	 	$600 – $650	 	$20 – $30	
Total		760 – 820		760 – 820		$615 – $665		$780 – $830		$80 – $110	
										 	
Corporate/Other	 	 	 	 	 	 	 	 	 	$10 – $15	
Total Gold g	 	5,000 – 5,350	 	4,700 – 5,000	 	$630 – $680	 	$870 – $930	 	$1,055 – $1,270	
										 	
Batu Hijau h	 	525 – 575	 	250 – 275	 	$500 – $550	 	$650 – $700	 	$50 – $60	
Total Gold with Batu	 	5,525 – 5,925	 	4,950 – 5,275	 	$625 – $675	 	$870 – $930	 	$1,105 – $1,330	
										 	
Phoenix		15 – 25		15 – 25		$1.90 – $2.10		$2.30 – $2.40			
Boddington	 	25 – 35	 	25 – 35	 	$1.80 – $2.00	 	$2.20 – $2.30	 	 	
Total Copper	 	40 – 60	 	40 – 60	 	$1.80 – $2.00	 	$2.20 – $2.40	 	 	
										 	
Batu Hijau h	 	170 – 190	 	80 – 100	 	$1.00 – $1.20	 	$1.40 – $1.60	 	 	
Total Copper with Batu	 	210 – 250	 	120 – 160	 	$1.20 – $1.40	 	$1.50 – $1.70	 	 	

Consolidated Expense Outlook i	
 General & Administrative		$	225 –		$	275	
Interest Expense		$	260 –		$	280	
DD&A		$	1,100 –		$	1,175	
Exploration and Projects		$	275 –		$	300	
Sustaining Capital		$	650 –		$	700	
Tax Rate	 	 	33% –	 	 	37%	
						 	
a 2016 Outlook in the table above are considered “forward-looking statements” and are based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2016 Outlook assumes $1,300/oz Au, $2.00/lb Cu, $0.75 USD/AUD exchange rate and $50/barrel WTI; AISC and CAS cost estimates do not include inflation, for the remainder of the year. Production, AISC and capital estimates exclude projects that have not yet been approved, (Twin Underground, Batu Phase 7, Ahafo Mill Expansion and Subika Underground). The potential impact on inventory valuation as a result of lower prices, input costs, and project decisions are not included as part of this Outlook. Such assumptions may prove to be incorrect and actual results may differ materially from those anticipated. See cautionary note at the end of the release.
b All-in sustaining costs as used in the Company’s Outlook is a non-GAAP metric defined as the sum of cost applicable to sales (including all direct and indirect costs related to current gold production incurred to execute on the current mine plan), remediation costs (including operating accretion and amortization of asset retirement costs), G&A, exploration expense, advanced projects and R&D, treatment and refining costs, other expense, net of one-time adjustments and sustaining capital. See reconciliation at end of release.
c Includes Lone Tree operations.
d Includes TRJV operations.
e Consolidated production for Yanacocha is presented on a total production basis for the mine site; attributable production represents a 51.35% interest.
f Both consolidated and attributable production are shown on a pro-rata basis with a 50% ownership for Kalgoorlie.
g Production outlook does not include equity production from stakes in TMAC (29.4%) or La Zanja (46.94%).
h Consolidated production for Batu Hijau is presented on a total production basis for the mine site; whereas attributable production represents a 48.5% ownership interest in 2016 outlook. Outlook for Batu Hijau remains subject to various factors, including, without limitation, renegotiation of the CoW, issuance of future export approvals, negotiations with the labor union, future in-country smelting availability and regulations relating to export quotas, and certain other factors.
i Consolidated expense outlook is adjusted to exclude extraordinary items. For example, the tax rate outlook above is a consolidated adjusted rate, which assumes the exclusion of certain tax valuation allowance adjustments. Beginning in 2016, regional general and administrative expense is included in total general and administrative expense (G&A) and community development cost is included in CAS.

NEWMONT MINING CORPORATION
STATEMENTS OF CONSOLIDATED INCOME
(unaudited, in millions except per share)	
												 	
		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016	 		2015	 		2016	 		2015	 	
												 	
Sales		$	2,038			$	1,908			$	4,070			$	3,880		
												 	
Costs and expenses													
Costs applicable to sales (1)			1,059				1,027				2,140				2,054		
Depreciation and amortization			314				276				636				565		
Reclamation and remediation			25				26				50				49		
Exploration			38				48				68				81		
Advanced projects, research and development			44				33				72				61		
General and administrative			64				68				121				126		
Other expense, net		 	19	 		 	27	 		 	37	 		 	44	 	
		 	1,563	 		 	1,505	 		 	3,124	 		 	2,980	 	
Other income (expense)													
Other income, net			—				(23	)			98				(12	)	
Interest expense, net		 	(71	)		 	(82	)		 	(150	)		 	(167	)	
		 	(71	)		 	(105	)		 	(52	)		 	(179	)	
Income (loss) before income and mining tax and other items			404				298				894				721		
Income and mining tax benefit (expense)			(310	)			(152	)			(634	)			(345	)	
Equity income (loss) of affiliates		 	(5	)		 	(7	)		 	(10	)		 	(16	)	
Income (loss) from continuing operations			89				139				250				360		
Income (loss) from discontinued operations		 	(27	)		 	9	 		 	(53	)		 	17	 	
Net income (loss)			62				148				197				377		
Net loss (income) attributable to noncontrolling interests		 	(39	)		 	(76	)		 	(122	)		 	(122	)	
Net income (loss) attributable to Newmont stockholders		$	23	 		$	72	 		$	75	 		$	255	 	
												 	
Net income (loss) attributable to Newmont stockholders:													
Continuing operations		$	50			$	63			$	128			$	238		
Discontinued operations		 	(27	)		 	9	 		 	(53	)		 	17	 	
		$	23	 		$	72	 		$	75	 		$	255	 	
Income (loss) per common share													
Basic:													
Continuing operations		$	0.09			$	0.13			$	0.24			$	0.48		
Discontinued operations		 	(0.05	)		 	0.01	 		 	(0.10	)		 	0.03	 	
		$	0.04	 		$	0.14	 		$	0.14	 		$	0.51	 	
Diluted:													
Continuing operations		$	0.09			$	0.13			$	0.24			$	0.48		
Discontinued operations		 	(0.05	)		 	0.01	 		 	(0.10	)		 	0.03	 	
		$	0.04	 		$	0.14	 		$	0.14	 		$	0.51	 	
												 	
Cash dividends declared per common share		$	0.025			$	0.025			$	0.050			$	0.050		
																 	
(1) Excludes Depreciation and amortization and Reclamation and remediation .	

NEWMONT MINING CORPORATION
STATEMENTS OF CONSOLIDATED CASH FLOWS
(unaudited, in millions)	
	 			 			 			 			
		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016	 		2015	 		2016	 		2015	 	
Operating activities:													
Net income (loss)		$	62			$	148			$	197			$	377		
Adjustments:													
Depreciation and amortization			314				276				636				565		
Stock-based compensation			21				20				37				40		
Reclamation and remediation			24				24				48				47		
Loss (income) from discontinued operations			27				(9	)			53				(17	)	
Impairment of investments			—				16				—				73		
Deferred income taxes			288				69				441				130		
Gain on asset and investment sales, net			—				1				(104	)			(43	)	
Other operating adjustments and impairments			89				91				181				165		
Net change in operating assets and liabilities		 	(45	)		 	(195	)		 	(185	)		 	(268	)	
Net cash provided by continuing operating activities			780				441				1,304				1,069		
Net cash used in discontinued operations		 	(3	)		 	(3	)		 	(5	)		 	(6	)	
Net cash provided by operating activities		 	777	 		 	438	 		 	1,299	 		 	1,063	 	
Investing activities:													
Additions to property, plant and mine development			(294	)			(322	)			(591	)			(606	)	
Proceeds from sales of investments			—				—				184				29		
Proceeds from sales of other assets			2				—				8				44		
Other		 	(2	)		 	(3	)		 	(6	)		 	(6	)	
Net cash used in investing activities		 	(294	)		 	(325	)		 	(405	)		 	(539	)	
Financing activities:													
Repayment of debt			(142	)			(76	)			(641	)			(281	)	
Proceeds from stock issuance, net			—				675				—				675		
Proceeds from sale of noncontrolling interests			—				—				—				37		
Funding from noncontrolling interests			38				15				50				62		
Dividends paid to noncontrolling interests			—				—				(146	)			(3	)	
Dividends paid to common stockholders			(14	)			(11	)			(27	)			(23	)	
Increase in restricted cash, net			78				(4	)			(13	)			(59	)	
Other		 	—	 		 	(3	)		 	(1	)		 	(8	)	
Net cash (used in) provided by financing activities		 	(40	)		 	596	 		 	(778	)		 	400	 	
Effect of exchange rate changes on cash		 	(2	)		 	1	 		 	4	 		 	(19	)	
Net change in cash and cash equivalents			441				710				120				905		
Cash and cash equivalents at beginning of period		 	2,461	 		 	2,598	 		 	2,782	 		 	2,403	 	
Cash and cash equivalents at end of period		$	2,902	 		$	3,308	 		$	2,902	 		$	3,308	 	

NEWMONT MINING CORPORATION
CONSOLIDATED BALANCE SHEETS
(unaudited, in millions)	
	 			 			
		At June 30,		At December 31,	
		2016	 		2015	 	
ASSETS							
Cash and cash equivalents		$	2,902			$	2,782		
Trade receivables			315				260		
Other accounts receivables			194				185		
Investments			46				19		
Inventories			728				710		
Stockpiles and ore on leach pads			953				896		
Other current assets		 	156	 		 	131	 	
Current assets			5,294				4,983		
Property, plant and mine development, net			14,234				14,303		
Investments			237				402		
Stockpiles and ore on leach pads			2,956				3,000		
Deferred income tax assets			1,264				1,718		
Other non-current assets		 	718	 		 	730	 	
Total assets		$	24,703	 		$	25,136	 	
						 	
LIABILITIES							
Debt		$	196			$	149		
Accounts payable			348				396		
Employee-related benefits			211				293		
Income and mining taxes payable			126				38		
Other current liabilities		 	479	 		 	540	 	
Current liabilities			1,360				1,416		
Debt			5,375				6,041		
Reclamation and remediation liabilities			1,835				1,800		
Deferred income tax liabilities			926				840		
Employee-related benefits			463				437		
Other non-current liabilities		 	361	 		 	310	 	
Total liabilities		 	10,320	 		 	10,844	 	

EQUITY							
Common stock			849				847		
Additional paid-in capital			9,457				9,427		
Accumulated other comprehensive income (loss)			(341	)			(334	)	
Retained earnings		 	1,458	 		 	1,410	 	
Newmont stockholders' equity			11,423				11,350		
Noncontrolling interests		 	2,960	 		 	2,942	 	
Total equity		 	14,383	 		 	14,292	 	
Total liabilities and equity		$	24,703	 		$	25,136	 	

Regional Operating Statistics	 		 		
				 	
	 	Consolidated gold		Attributable gold	
		ounces produced		ounces produced	
		(thousands):		(thousands):	
		Three Months Ended		Three Months Ended	
		June 30,		June 30,	
		2016	 	2015		2016		2015	
North America									
Carlin		204		200		204		200	
Phoenix		45		52		45		52	
Twin Creeks		114		125		114		125	
CC&V		114		—		114	 	—	
		477		377		477		377	
South America									
Yanacocha		156		216		81		111	
		156		216		81		111	
Asia Pacific									
Boddington		192		201		192		201	
Tanami		142		116		142		116	
Waihi		—		33		—		33	
Kalgoorlie		96		83		96		83	
Batu Hijau		189		181		92		87	
		619		614		522		520	
Africa									
Ahafo		90		74		90		74	
Akyem		115		121		115		121	
		205		195		205		195	
		1,457		1,402		1,285		1,203	
Consolidated copper pounds produced (millions):									
Phoenix		10		12		10		12	
Boddington		19		20		19		20	
Batu Hijau		115		125		56		60	
		144		157		85		92	
Consolidated copper tonnes produced (thousands):									
Phoenix		5		6		5		6	
Boddington		8		9		8		9	
Batu Hijau		53		57		25		27	
		66		72		38		42	
								 	
Non-GAAP Financial Measures
Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by generally accepted accounting principles (GAAP). These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.
Adjusted net income (loss)
Management uses Adjusted net income (loss) to evaluate the Company’s operating performance, and for planning and forecasting future business operations. The Company believes the use of Adjusted net income (loss) allows investors and analysts to understand the results of the continuing operations of the Company and its direct and indirect subsidiaries relating to the production and sale of minerals, by excluding certain items that have a disproportionate impact on our results for a particular period. The net income (loss) adjustments are presented net of tax generally at the Company’s statutory effective tax rate of 35% and net of our partners’ noncontrolling interests when applicable. The impact of the adjustments through the Company’s Valuation allowance is shown separately. The tax adjustment includes items such as foreign tax credits, alternative minimum tax credits, capital losses and disallowed foreign losses. Management’s determination of the components of Adjusted net income (loss) are evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts. Net income (loss) attributable to Newmont stockholders is reconciled to Adjusted net income (loss) as follows:

	 			 			 			 			
		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016		2015	 		2016	 		2015	 	
Net income (loss) attributable to Newmont stockholders		$	23		$	72			$	75			$	255		
Loss (income) from discontinued operations (1)		 	27		 	(9	)		 	53	 		 	(17	)	
Net income (loss) attributable to Newmont stockholders from continuing operations			50			63				128				238		
Impairment of investments (2)			—			10				—				47		
Impairment of long-lived assets (3)			2			2				2				2		
Restructuring and other (4)			4			5				11				7		
Acquisition costs (5)			1			5				1				5		
Loss (gain) on asset and investment sales (6)			—			1				(104	)			(27	)	
Loss on debt repayment (7)			—			—				2				—		
Tax adjustments (8)		 	174		 	45	 		 	373	 		 	89	 	
Adjusted net income (loss)		$	231		$	131	 		$	413	 		$	361	 	
												 	
Net income (loss) per share, basic		$	0.04		$	0.14			$	0.14			$	0.51		
Loss (income) from discontinued operations, net of taxes		 	0.05		 	(0.01	)		 	0.10	 		 	(0.03	)	
Net income (loss) attributable to Newmont stockholders from continuing operations			0.09			0.13				0.24				0.48		
Impairment of investments, net of taxes			—			0.02				—				0.09		
Impairment of long-lived assets, net of taxes			—			—				—				—		
Restructuring and other, net of taxes			0.01			0.01				0.02				0.01		
Acquisition costs, net of taxes			—			0.01				—				0.01		
Loss (gain) on asset and investment sales, net of taxes			—			—				(0.20	)			(0.05	)	
Loss on debt repayment, net of taxes			—			—				—				—		
Tax adjustments		 	0.34		 	0.09	 		 	0.72	 		 	0.18	 	
Adjusted net income (loss) per share, basic		$	0.44		$	0.26	 		$	0.78	 		$	0.72	 	
												 	
Net income (loss) per share, diluted		$	0.04		$	0.14			$	0.14			$	0.51		
Loss (income) from discontinued operations, net of taxes		 	0.05		 	(0.01	)		 	0.10	 		 	(0.03	)	
Net income (loss) attributable to Newmont stockholders from continuing operations			0.09			0.13				0.24				0.48		
Impairment of investments, net of taxes			—			0.02				—				0.09		
Impairment of long-lived assets, net of taxes			—			—				—				—		
Restructuring and other, net of taxes			0.01			0.01				0.02				0.01		
Acquisition costs, net of taxes			—			0.01				—				0.01		
Loss (gain) on asset and investment sales, net of taxes			—			—				(0.20	)			(0.05	)	
Loss on debt repayment, net of taxes			—			—				—				—		
Tax adjustments		 	0.34		 	0.09	 		 	0.72	 		 	0.18	 	
Adjusted net income (loss) per share, diluted		$	0.44		$	0.26	 		$	0.78	 		$	0.72	 	

(1)	 	Loss (income) from discontinued operations relates to adjustments in our Holt property royalty and is presented net of tax expense (benefit) of $(12), $4, $(23) and $8, respectively.	
(2)		Impairment of investments, included in Other income, net, represents other-than-temporary impairments on equity and cost method investments and does not relate to our core operations. Amounts are presented net of tax expense (benefit) of $-, $(6), $- and $(26), respectively.	
(3)		Impairment of long-lived assets, included in Other expense, net, represents non-cash write-downs that do not impact our core operations. Amounts are presented net of tax expense (benefit) of $(1), $-, $(1) and $(1), respectively, and amounts attributed to noncontrolling interest income (expense) of $(1), $-, $(1) and $-, respectively.	
(4)		Restructuring and other, included in Other expense, net, represents certain costs associated with the Full Potential initiative announced in 2013, a one-time payment to PT Freeport Indonesia for engineering studies related to their smelter project in the second quarter of 2016, accrued legal costs in our Africa region during 2016 as well as system integration costs related to our acquisition of CC&V. Amounts are presented net of tax expense (benefit) of $(3), $(3), $(8) and $(5), respectively, and amounts attributed to noncontrolling interest income (expense) of $(2), $(1), $(3) and $(2), respectively.	
(5)		Acquisition costs, included in Other expense, net, represents adjustments made in the second quarter of 2016 to the contingent consideration liability from the acquisition of Boddington and costs associated with the acquisition of CC&V in 2015. Amounts are presented net of tax expense (benefit) of $(1), $(3), $(1) and $(3), respectively.	
(6)		Loss (gain) on asset and investment sales, included in Other income, net, primarily represents the sale of our holdings in Regis Resources Ltd. in the first quarter of 2016 and land sales of Hemlo mineral rights in Canada and the Relief Canyon mine in Nevada during the first quarter of 2015. Amounts are presented net of tax expense (benefit) of $-, $-, $- and $16, respectively.	
(7)		Loss on debt repayment, included in Other income, net and Interest expense, net, represents the impact of the debt tender offer on our 2019 Notes and 2039 Notes during the first quarter of 2016. Amounts are presented net of tax expense (benefit) of $-, $-, $(1) and $-, respectively.	
(8)		Tax adjustments include movements in tax valuation allowance and tax adjustments not related to core operations. Second quarter and year to date tax adjustments were primarily the result of a tax restructuring and a loss carryback, both of which resulted in an increase in the Company’s valuation allowance on credits.	

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA)
Management uses Earnings before interest, taxes and depreciation and amortization (“EBITDA”) and EBITDA adjusted for non-core or certain items that have a disproportionate impact on our results for a particular period (“Adjusted EBITDA”) as non-GAAP measures to evaluate the Company’s operating performance. EBITDA and Adjusted EBITDA do not represent, and should not be considered an alternative to, net earnings (loss), operating earnings (loss), or cash flow from operations as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. Although Adjusted EBITDA and similar measures are frequently used as measures of operations and the ability to meet debt service requirements by other companies, our calculation of Adjusted EBITDA is not necessarily comparable to such other similarly titled captions of other companies. The Company believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Management’s determination of the components of Adjusted EBITDA are evaluated periodically and based, in part, on a review of non-GAAP financial measures used by mining industry analysts.  Net income (loss) attributable to Newmont stockholders  is reconciled to EBITDA and Adjusted EBITDA as follows:

		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016		2015	 		2016	 		2015	 	
Net income (loss) attributable to Newmont stockholders		$	23		$	72			$	75			$	255		
Net income (loss) attributable to noncontrolling interests			39			76				122				122		
Loss (income) from discontinued operations			27			(9	)			53				(17	)	
Equity loss (income) of affiliates			5			7				10				16		
Income and mining tax expense (benefit)			310			152				634				345		
Depreciation and amortization			314			276				636				565		
Interest expense, net		 	71		 	82	 		 	150	 		 	167	 	
EBITDA		$	789		$	656			$	1,680			$	1,453		
Adjustments:													
Impairment of investments (1)		$	—		$	16			$	—			$	73		
Impairment of long-lived assets (2)			4			2				4				3		
Restructuring and other (3)			9			9				22				14		
Acquisitions costs (4)			2			8				2				8		
Loss on debt repayment (5)			—			—				3				—		
Loss (gain) on asset and investment sales (6)		 	—		 	1	 		 	(104	)		 	(43	)	
Adjusted EBITDA		$	804		$	692	 		$	1,607	 		$	1,508	 	

(1)	 	Impairment of investments, included in Other income, net, represents other-than-temporary impairments on equity and cost method investments and does not relate to our core operations.	
(2)		Impairment of long-lived assets, included in Other expense, net, represents non-cash write-downs that do no impact our core operations.	
(3)		Restructuring and other, included in Other expense, net, represents certain costs associated with the Full Potential initiative announced in 2013, a one-time payment to PT Freeport Indonesia for engineering studies related to their smelter project in the second quarter of 2016, accrued legal costs in our Africa region during 2016 as well as system integration costs related to our acquisition of CC&V.	
(4)		Acquisition costs, included in Other expense, net represents adjustments made in the second quarter of 2016 to the contingent consideration liability from the acquisition of Boddington, and costs associated with the acquisition of CC&V in 2015.	
(5)		Loss on debt repayment, included in Other income, net and Interest expense, net, represents the impact of the debt tender offer on our 2019 Notes and 2039 Notes during the first quarter of 2016.	
(6)		Loss (gain) on asset and investment sales, included in Other income, net, represents primarily the sale of our holdings in Regis Resources Ltd. in the first quarter of 2016 and land sales of Hemlo mineral rights in Canada and the Relief Canyon mine in Nevada during the first quarter of 2015.	

Free Cash Flow
Management uses Free Cash Flow as a non-GAAP measure to analyze cash flows generated from operations. Free Cash Flow is Net cash provided by operating activities plus Net cash used in discontinued operations less Additions to property, plant and mine development as presented on the Condensed Consolidated Statements of Cash Flow. The Company believes Free Cash Flow is also useful as one of the bases for comparing the Company’s performance with its competitors. Although Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other companies, the Company’s calculation of Free Cash Flow is not necessarily comparable to such other similarly titled captions of other companies.
The presentation of non-GAAP Free Cash Flow is not meant to be considered in isolation or as an alternative to net income as an indicator of the Company’s performance, or as an alternative to cash flows from operating activities as a measure of liquidity as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. The Company’s definition of Free Cash Flow is limited in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, the Company believes it is important to view Free Cash Flow as a measure that provides supplemental information to the Company’s Condensed Consolidated Statements of Cash Flow.
The following table sets forth a reconciliation of Free Cash Flow, a non-GAAP financial measure, to Net cash provided by operating activities, which the Company believes to be the GAAP financial measure most directly comparable to Free Cash Flow, as well as information regarding net cash used in investing activities and net cash used in financing activities.

		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016	 		2015	 		2016	 		2015	 	
Net cash provided by operating activities		$	777			$	438			$	1,299			$	1,063		
Plus: Net cash used in discontinued operations		 	3	 		 	3	 		 	5	 		 	6	 	
Net cash provided by continuing operating activities		 	780	 		 	441	 		 	1,304	 		 	1,069	 	
Less: Additions to property, plant and mine development		 	(294	)		 	(322	)		 	(591	)		 	(606	)	
Free Cash Flow		$	486	 		$	119	 		$	713	 		$	463	 	
												 	
Net cash (used in) investing activities (1)		$	(294	)		$	(325	)		$	(405	)		$	(539	)	
Net cash (used in) provided by financing activities		$	(40	)		$	596			$	(778	)		$	400		

(1)	 	Net cash used in investing activities includes Additions to property, plant and mine development , which is included in the Company’s computation of Free Cash Flow.	
		 	
Costs applicable to sales per ounce/pound
Costs applicable to sales per ounce/pound are non-GAAP financial measures. These measures are calculated by dividing the costs applicable to sales of gold and copper by gold ounces or copper pounds sold, respectively. These measures are calculated on a consistent basis for the periods presented on a consolidated basis. Costs applicable to sales per ounce/pound statistics are intended to provide additional information only and do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently.
The following tables reconcile these non-GAAP measures to the most directly comparable GAAP measures.

Costs applicable to sales per ounce

		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016		2015		2016		2015	
Costs applicable to sales (1)		$	912		$	858		$	1,818		$	1,698	
Gold sold (thousand ounces)			1,429			1,337			2,850			2,704	
Costs applicable to sales per ounce		$	637		$	642		$	638		$	628	

(1)	 	Includes by-product credits of $14 and $27 during the three and six months ended June 30, 2016, respectively, and $12 and $26 during the three and six months ended June 30, 2015, respectively.	
		 	
Costs applicable to sales per pound

		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016		2015		2016		2015	
Costs applicable to sales (1)		$	147		$	169		$	322		$	356	
Copper sold (million pounds)			122			139			289			278	
Costs applicable to sales per pound		$	1.21		$	1.21		$	1.12		$	1.28	

(1)	 	Includes by-product credits of $6 and $13 during the three and six months ended June 30, 2016, respectively, and $5 and $11 during the three and six months ended June 30, 2015, respectively.	
		 	
All-In Sustaining Costs
Newmont has worked to develop a metric that expands on GAAP measures such as cost of goods sold and non-GAAP measures, such as Costs applicable to sales per ounce, to provide visibility into the economics of our mining operations related to expenditures, operating performance and the ability to generate cash flow from operations.
Current GAAP-measures used in the mining industry, such as cost of goods sold, do not capture all of the expenditures incurred to discover, develop, and sustain gold production. Therefore, we believe that all-in sustaining costs is a non-GAAP measure that provides additional information to management, investors, and analysts that aid in the understanding of the economics of our operations and performance compared to other producers and in the investor’s visibility by better defining the total costs associated with production.
All-in sustaining cost (“AISC”) amounts are intended to provide additional information only and do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently as a result of differences in the underlying accounting principles, policies applied and in accounting frameworks such as in International Financial Reporting Standards (“IFRS”), or by reflecting the benefit from selling non-gold metals as a reduction to AISC. Differences may also arise related to definitional differences of sustaining versus development capital activities based upon each company’s internal policies.
The following disclosure provides information regarding the adjustments made in determining the all-in sustaining costs measure:
Cost Applicable to Sales - Includes all direct and indirect costs related to current gold production incurred to execute the current mine plan. Costs Applicable to Sales (“CAS”) includes by-product credits from certain metals obtained during the process of extracting and processing the primary ore-body. CAS is accounted for on an accrual basis and excludes Amortization and Reclamation and remediation, which is consistent with our presentation of CAS on the Statement of Consolidated Income. In determining AISC, only the CAS associated with producing and selling an ounce of gold is included in the measure. Therefore, the amount of gold CAS included in AISC is derived from the CAS presented in the Company’s Statement of Consolidated Income less the amount of CAS attributable to the production of copper at our Phoenix, Boddington and Batu Hijau mines. The copper CAS at those mine sites is disclosed in Note 4 to the Condensed Consolidated Financial Statements. The allocation of CAS between gold and copper at the Phoenix, Boddington and Batu Hijau mines is based upon the relative sales percentage of copper and gold sold during the period.

Remediation Costs - Includes accretion expense related to asset retirement obligations (“ARO”) and the amortization of the related Asset Retirement Cost (“ARC”) for the Company’s operating properties recorded as an ARC asset. Accretion related to ARO and the amortization of the ARC assets for reclamation and remediation do not reflect annual cash outflows but are calculated in accordance with GAAP. The accretion and amortization reflect the periodic costs of reclamation and remediation associated with current gold production and are therefore included in the measure. The allocation of these costs to gold and copper is determined using the same allocation used in the allocation of CAS between gold and copper at the Phoenix, Boddington and Batu Hijau mines.
Advanced Projects and Exploration - Includes incurred expenses related to projects that are designed to increase or enhance current gold production and gold exploration. We note that as current resources are depleted, exploration and advanced projects are necessary for us to replace the depleting reserves or enhance the recovery and processing of the current reserves. As this relates to sustaining our gold production, and is considered a continuing cost of a mining company, these costs are included in the AISC measure. These costs are derived from the Advanced projects, research and development and Exploration amounts presented in the Company’s Statement of Consolidated Income less the amount attributable to the production of copper at our Phoenix, Boddington and Batu Hijau mines. The allocation of these costs to gold and copper is determined using the same allocation used in the allocation of CAS between gold and copper at the Batu Hijau, Boddington and Phoenix mines.
General and Administrative - Includes cost related to administrative tasks not directly related to current gold production, but rather related to support our corporate structure and fulfilling our obligations to operate as a public company. Including these expenses in the AISC metric provides visibility of the impact that general and administrative activities have on current operations and profitability on a per ounce basis.
Other expense, net - Includes administrative costs to support current gold production. We exclude certain exceptional or unusual expenses from Other expense, net, such as restructuring, as these are not indicative to sustaining our current gold operations. Furthermore, this adjustment to Other expense, net is also consistent with the nature of the adjustments made to Net income (loss) as disclosed in the Company’s non-GAAP financial measure Adjusted net income (loss). The allocation of these costs to gold and copper is determined using the same allocation used in the allocation of CAS between gold and copper at the Phoenix, Boddington and Batu Hijau mines.
Treatment and Refining Costs - Includes costs paid to smelters for treatment and refining of our concentrates to produce the salable metal. These costs are presented net as a reduction of Sales.
Sustaining Capital - We determined sustaining capital as those capital expenditures that are necessary to maintain current gold production and execute the current mine plan. Capital expenditures to develop new operations, or related to projects at existing operations where these projects will enhance gold production or reserves, are considered development. We determined the breakout of sustaining and development capital costs based on a systematic review of our project portfolio in light of the nature of each project. Sustaining capital costs are relevant to the AISC metric as these are needed to maintain the Company’s current gold operations and provide improved transparency related to our ability to finance these expenditures from current operations. The allocation of these costs to gold and copper is determined using the same allocation used in the allocation of CAS between gold and copper at the Batu Hijau, Boddington and Phoenix mines.

	 		 			 			 			 			 			 			 			 		 			
							Advanced						Treatment									All-In	
		Costs					Projects		General		Other		and					All-In		Ounces		Sustaining	
Three Months Ended		Applicable		Reclamation		and		and		Expense,		Refining		Sustaining		Sustaining		(000)/Pounds		Costs per	
June 30, 2016		to Sales (1)(2)(3)		Costs (4)		Exploration		Administrative		Net (5)		Costs		Capital (6)		Costs		(millions) Sold		oz/lb	
Gold																													
Carlin		$	184		$	1		$	4		$	2		$	—		$	—		$	38		$	229		203		$	1,128	
Phoenix			39			1			1			1			—			2			3			47		50			940	
Twin Creeks			58			1			2			—			—			—			12			73		115			635	
Long Canyon			—			—			7			—			—			—			—			7		—			—	
CC&V (7)			58			1			1			1			—			—			2			63		115			548	
Other North America		 	—		 	—		 	5		 	—		 	—		 	1		 	2		 	8		—		 	—	
North America		 	339		 	4		 	20		 	4		 	—		 	3		 	57		 	427		483		 	884	
																												 	
Yanacocha			120			14			11			2			1			1			24			173		154			1,123	
Merian			—			—			11			—			—			—			—			11		—			—	
Other South America		 	—		 	—		 	10		 	—		 	—		 	—		 	—		 	10		—		 	—	
South America		 	120		 	14		 	32		 	2		 	1		 	1		 	24		 	194		154		 	1,260	
																												 	
Boddington			141			2			—			—			—			5			10			158		198			798	
Tanami			64			—			3			—			—			—			20			87		144			604	
Kalgoorlie			67			1			2			—			—			2			5			77		96			802	
Batu Hijau			65			4			—			1			—			8			4			82		148			554	
Other Asia Pacific		 	—		 	—		 	2		 	5		 	2		 	—		 	1		 	10		—		 	—	
Asia Pacific		 	337		 	7		 	7		 	6		 	2		 	15		 	40		 	414		586		 	706	
																												 	
Ahafo			60			1			7			—			—			—			16			84		91			923	
Akyem			56			2			3			—			—			—			5			66		115			574	
Other Africa		 	—		 	—		 	—		 	1		 	—		 	—		 	—		 	1		—		 	—	
Africa		 	116		 	3		 	10		 	1		 	—		 	—		 	21		 	151		206		 	733	
																												 	
Corporate and Other		 	—		 	—		 	13		 	50		 	1		 	—		 	2		 	66		—		 	—	
Total Gold		$	912		$	28		$	82		$	63		$	4		$	19		$	144		$	1,252		1,429		$	876	
																												 	
Copper																													
Phoenix		$	22		$	—		$	—		$	—		$	—		$	1		$	2		$	25		11		$	2.27	
Boddington			33			—			—			—			—			3			2			38		18			2.11	
Batu Hijau		 	92		 	6		 	—		 	1		 	—		 	18		 	7		 	124		93		 	1.33	
Asia Pacific		 	125		 	6		 	—		 	1		 	—		 	21		 	9		 	162		111		 	1.46	
Total Copper		$	147		$	6		$	—		$	1		$	—		$	22		$	11		$	187		122		$	1.53	
		 		 	 		 	 		 	 		 	 		 	 		 	 		 	 						
Consolidated		$	1,059		$	34		$	82		$	64		$	4		$	41		$	155		$	1,439						

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.	
(2)		Includes by-product credits of $20.	
(3)		Includes stockpile and leach pad inventory adjustments of $23 at Carlin, $8 at Twin Creeks and $26 at Yanacocha.	
(4)		Reclamation costs include operating accretion of $23 and amortization of asset retirement costs of $11.	
(5)		Other expense, net is adjusted for restructuring costs of $9, acquisition costs of $2 and write-downs of $4.	
(6)		Excludes development capital expenditures, capitalized interest and the increase in accrued capital of $139. The following are major development projects: Merian, Long Canyon, and the CC&V and the Tanami expansion.	
(7)		The Company acquired the CC&V gold mining business on August 3, 2015.	

	 		 			 	Advanced	 		 		 	Treatment	 			 		 		 	All-In	
		Costs					Projects		General		Other		and					All-In		Ounces		Sustaining	
Three Months Ended		Applicable		Reclamation		and		and		Expense,		Refining		Sustaining		Sustaining		(000)/Pounds		Costs per	
June 30, 2015		to Sales (1)(2)(3)		Costs (4)		Exploration		Administrative		Net (5)		Costs		Capital (6)		Costs		(millions) Sold		oz/lb	
Gold																														
Carlin		$	187		$	1		$	4		$	2		$	—		$	—		$	38		$	232		204		$	1,137	
Phoenix			32			2			—			—			—			1			5			40		43			930	
Twin Creeks			65			—			3			1			—			—			12			81		125			648	
Long Canyon			—			—			3			—			—			—			—			3		—			—	
Other North America		 	—		 	—		 	4		 	—		 	1		 	—		 	1		 	6		—		 	—	
North America		 	284		 	3		 	14		 	3		 	1		 	1		 	56		 	362		372		 	973	
																													 	
Yanacocha			130			24			8			6			1			—			19			188		204			922	
Merian			—			—			3			—			—			—			—			3		—			—	
Other South America		 	—		 	—		 	12		 	—		 	1		 	—		 	—		 	13		—		 	—	
South America		 	130		 	24		 	23		 	6		 	2		 	—		 	19		 	204		204		 	1,000	
																													 	
Boddington			122			2			—			1			—			4			15			144		175			823	
Tanami			59			1			2			—			—			—			23			85		117			726	
Waihi (7)			18			—			1			—			—			—			1			20		33			606	
Kalgoorlie			78			2			1			—			—			1			4			86		86			1,000	
Batu Hijau			73			3			2			—			—			9			7			94		156			603	
Other Asia Pacific		 	—		 	—		 	1		 	3		 	2		 	—		 	2		 	8		—		 	—	
Asia Pacific		 	350		 	8		 	7		 	4		 	2		 	14		 	52		 	437		567		 	771	
																													 	
Ahafo			43			3			5			—			1			—			17			69		72			958	
Akyem			51			1			4			1			—			—			8			65		122			533	
Other Africa		 	—		 	—		 	1		 	3		 	—		 	—		 	—		 	4		—		 	—	
Africa		 	94		 	4		 	10		 	4		 	1		 	—		 	25		 	138		194		 	711	
																													 	
Corporate and Other		 	—		 	—		 	24		 	49		 	1		 	—		 	—		 	74		—		 	—	
Total Gold		$	858		$	39		$	78		$	66		$	7		$	15		$	152		$	1,215		1,337		$	909	
																													 	
Copper																														
Phoenix		$	17		$	—		$	1		$	—		$	—		$	2		$	2		$	22		9		$	2.44	
Boddington			29			1			—			—			—			3			3			36		18			2.00	
Batu Hijau		 	123		 	5		 	2		 	2		 	1		 	20		 	13		 	166		112		 	1.48	
Asia Pacific		 	152		 	6		 	2		 	2		 	1		 	23		 	16		 	202		130		 	1.55	
Total Copper		$	169		$	6		$	3		$	2		$	1		$	25		$	18		$	224		139		$	1.61	
		 	 		 	 		 	 		 	 		 	 		 	 		 	 		 	 						
Consolidated		$	1,027		$	45		$	81		$	68		$	8		$	40		$	170		$	1,439						

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.	
(2)		Includes by-product credits of $17.	
(3)		Includes stockpile and leach pad inventory adjustments of $27 at Carlin, $3 at Twin Creeks and $18 at Yanacocha.	
(4)		Reclamation costs include operating accretion of $21 and amortization of asset retirement costs of $24.	
(5)		Other expense, net is adjusted for restructuring costs of $9, acquisition costs of $8 and write-downs of $2.	
(6)		Excludes development capital expenditures, capitalized interest and the increase in accrued capital of $152. The following are major development projects: Turf Vent Shaft, Merian, and Conga.	
(7)		On October 29, 2015, the Company sold the Waihi mine.	

	 			 			 	Advanced	 			 			 	Treatment	 			 			 		 	All-In	
		Costs					Projects		General		Other		and					All-In		Ounces		Sustaining	
Six Months Ended		Applicable		Reclamation		and		and		Expense,		Refining		Sustaining		Sustaining		(000)/Pounds		Costs per	
June 30, 2016		to Sales (1)(2)(3)		Costs (4)		Exploration		Administrative		Net (5)		Costs		Capital (6)		Costs		(millions) Sold		oz/lb	
Gold																														
Carlin		$	373		$	2		$	7		$	3		$	—		$	—		$	70		$	455		411		$	1,107	
Phoenix			88			2			1			1			—			5			5			102		103			990	
Twin Creeks			118			2			4			—			—			—			18			142		251			566	
Long Canyon			—			—			13			—			—			—			—			13		—			—	
CC&V (7)			91			2			4			1			—			—			2			100		170			588	
Other North America		 	—		 	—		 	6		 	—		 	2		 	1		 	2		 	11		—		 	—	
North America		 	670		 	8		 	35		 	5		 	2		 	6		 	97		 	823		935		 	880	
																													 	
Yanacocha			248			28			20			5			2			1			38			342		333			1,027	
Merian			—			—			14			—			—			—			—			14		—			—	
Other South America		 	—		 	—		 	16		 	2		 	—		 	—		 	—		 	18		—		 	—	
South America		 	248		 	28		 	50		 	7		 	2		 	1		 	38		 	374		333		 	1,123	
																													 	
Boddington			252			3			—			—			—			10			19			284		361			787	
Tanami			123			1			6			—			—			—			34			164		245			669	
Kalgoorlie			132			2			3			—			—			3			8			148		184			804	
Batu Hijau			165			8			1			4			—			19			8			205		384			534	
Other Asia Pacific		 	—		 	—		 	3		 	8		 	3		 	—		 	1		 	15		—		 	—	
Asia Pacific		 	672		 	14		 	13		 	12		 	3		 	32		 	70		 	816		1,174		 	695	
																													 	
Ahafo			117			3			12			—			—			—			26			158		178			888	
Akyem			111			4			4			—			—			—			12			131		230			570	
Other Africa		 	—		 	—		 	1		 	2		 	—		 	—		 	—		 	3		—		 	—	
Africa		 	228		 	7		 	17		 	2		 	—		 	—		 	38		 	292		408		 	716	
																													 	
Corporate and Other		 	—		 	—		 	25		 	93		 	2		 	—		 	4		 	124		—		 	—	
Total Gold		$	1,818		$	57		$	140		$	119		$	9		$	39		$	247		$	2,429		2,850		$	852	
																													 	
Copper																														
Phoenix		$	44		$	1		$	—		$	—		$	—		$	2		$	3		$	50		21		$	2.38	
Boddington			56			—			—			—			—			6			4			66		33			2.00	
Batu Hijau		 	222		 	11		 	—		 	2		 	—		 	46		 	12		 	293		235		 	1.25	
Asia Pacific		 	278		 	11		 	—		 	2		 	—		 	52		 	16		 	359		268		 	1.34	
Total Copper		$	322		$	12		$	—		$	2		$	—		$	54		$	19		$	409		289		$	1.42	
		 	 		 	 		 	 		 	 		 	 		 	 		 	 		 	 						
Consolidated		$	2,140		$	69		$	140		$	121		$	9		$	93		$	266		$	2,838						

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.	
(2)		Includes by-product credits of $40.	
(3)		Includes stockpile and leach pad inventory adjustments of $43 at Carlin, $10 at Twin Creeks and $54 at Yanacocha.	
(4)		Reclamation costs include operating accretion of $46 and amortization of asset retirement costs of $23.	
(5)		Other expense, net is adjusted for restructuring costs of $22, acquisition costs of $2 and write-downs of $4.	
(6)		Excludes development capital expenditures, capitalized interest and the increase in accrued capital of $325. The following are major development projects: Merian, Long Canyon, and the CC&V and the Tanami expansion.	
(7)		The Company acquired the CC&V gold mining business on August 3, 2015.	

	 			 			 	Advanced	 			 			 	Treatment	 			 			 		 	All-In	
		Costs					Projects		General		Other		and					All-In		Ounces		Sustaining	
Six Months Ended		Applicable		Reclamation		and		and		Expense,		Refining		Sustaining		Sustaining		(000)/Pounds		Costs per	
June 30, 2015		to Sales (1)(2)(3)		Costs (4)		Exploration		Administrative		Net (5)		Costs		Capital (6)		Costs		(millions) Sold		oz/lb	
Gold																														
Carlin		$	365		$	2		$	7		$	4		$	—		$	—		$	75		$	453		431		$	1,051	
Phoenix			73			3			1			1			—			2			9			89		95			937	
Twin Creeks			124			1			5			1			—			—			30			161		247			652	
Long Canyon			—			—			6			—			—			—			—			6		—			—	
Other North America		 	—		 	—		 	6		 	—		 	3		 	—		 	2		 	11		—		 	—	
North America		 	562		 	6		 	25		 	6		 	3		 	2		 	116		 	720		773		 	931	
																													 	
Yanacocha			245			49			13			10			1			—			34			352		450			782	
Merian			—			—			5			—			—			—			—			5		—			—	
Other South America		 	—		 	—		 	22		 	—		 	1		 	—		 	—		 	23		—		 	—	
South America		 	245		 	49		 	40		 	10		 	2		 	—		 	34		 	380		450		 	844	
																													 	
Boddington			279			5			1			1			—			11			24			321		377			851	
Tanami			117			2			3			—			—			—			37			159		215			740	
Waihi (7)			37			1			2			—			—			—			1			41		74			554	
Kalgoorlie			138			3			1			—			—			2			11			155		147			1,054	
Batu Hijau			124			5			2			1			—			18			13			163		260			627	
Other Asia Pacific		 	—		 	—		 	2		 	6		 	5		 	—		 	2		 	15		—		 	—	
Asia Pacific		 	695		 	16		 	11		 	8		 	5		 	31		 	88		 	854		1,073		 	796	
																													 	
Ahafo			99			4			11			—			1			—			29			144		172			837	
Akyem			97			2			4			—			1			—			19			123		236			521	
Other Africa		 	—		 	—		 	2		 	5		 	—		 	—		 	—		 	7		—		 	—	
Africa		 	196		 	6		 	17		 	5		 	2		 	—		 	48		 	274		408		 	672	
																													 	
Corporate and Other		 	—		 	—		 	45		 	94		 	7		 	—		 	3		 	149		—		 	—	
Total Gold		$	1,698		$	77		$	138		$	123		$	19		$	33		$	289		$	2,377		2,704		$	879	
																													 	
Copper																														
Phoenix		$	42		$	1		$	1		$	1		$	—		$	1		$	5		$	51		22		$	2.32	
Boddington			68			1			—			—			—			7			5			81		38			2.13	
Batu Hijau		 	246		 	9		 	3		 	2		 	—		 	44		 	27		 	331		218		 	1.52	
Asia Pacific		 	314		 	10		 	3		 	2		 	—		 	51		 	32		 	412		256		 	1.61	
Total Copper		$	356		$	11		$	4		$	3		$	—		$	52		$	37		$	463		278		$	1.67	
		 	 		 	 		 	 		 	 		 	 		 	 		 	 		 	 						
Consolidated		$	2,054		$	88		$	142		$	126		$	19		$	85		$	326		$	2,840						

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.	
(2)		Includes by-product credits of $37.	
(3)		Includes stockpile and leach pad inventory adjustments of $51 at Carlin, $5 at Twin Creeks, $22 at Yanacocha and $18 at Boddington.	
(4)		Reclamation costs include operating accretion of $42 and amortization of asset retirement costs of $46.	
(5)		Other expense, net is adjusted for restructuring costs of $14, acquisition costs of $8 and write-downs of $3.	
(6)		Excludes development capital expenditures, capitalized interest and the increase in accrued capital of $280. The following are major development projects: Turf Vent Shaft, Conga, Long Canyon and Merian.	
(7)		On October 29, 2015, the Company sold the Waihi mine.	

Similar to the historical AISC amounts presented above, AISC outlook is also a non-GAAP financial measure. A reconciliation of the 2016 Gold AISC outlook range to the 2016 CAS outlook range is provided below. The estimates in the table below are considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. See the Cautionary Statement on page 22 for additional information.

2016 Outlook - Gold		Outlook range	
		Low	 	High	
Costs Applicable to Sales 1,2		$	3,700		$	4,050	
Reclamation Costs 3			75			150	
Advanced Projects and Exploration			250			300	
General and Administrative			200			250	
Other Expense			20			50	
Treatment and Refining Costs			50			100	
Sustaining Capital 4		 	600		 	700	
All-in Sustaining Costs		$	4,850		$	5,500	
Ounces (000) Sold		 	5,525		 	5,925	
All-in Sustaining Costs per oz		$	870		$	930	

(1)	 	Excludes Depreciation and amortization and Reclamation and remediation.	
(2)		Includes stockpile and leach pad inventory adjustments.	
(3)		Remediation costs include operating accretion and amortization of asset retirement costs.	
(4)		Excludes development capital expenditures, capitalized interest and increase in accrued capital.	

Net average realized price per ounce/ pound
Average realized price per ounce/ pound are non-GAAP financial measures. The measures are calculated by dividing the Net consolidated gold and copper sales by the consolidated gold ounces or copper pounds sold, respectively. These measures are calculated on a consistent basis for the periods presented on a consolidated basis. Average realized price per ounce/ pound statistics are intended to provide additional information only, do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these measures differently.
The following tables reconcile these non-GAAP measures to the most directly comparable GAAP measure:

		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016	 		2015	 		2016	 		2015	 	
Sales		$	2,038			$	1,908			$	4,070			$	3,880		
Consolidated copper sales, net		 	(235	)		 	(334	)		 	(573	)		 	(661	)	
Consolidated gold sales, net		$	1,803			$	1,574			$	3,497			$	3,219		
												 	
Gross before provisional pricing		$	1,808			$	1,588			$	3,493			$	3,252		
Provisional pricing mark-to-market		 	10	 		 	1	 		 	40	 		 	—	 	
Gross after provisional pricing			1,818				1,589				3,533				3,252		
Treatment and refining charges		 	(15	)		 	(15	)		 	(36	)		 	(33	)	
Net		$	1,803	 		$	1,574	 		$	3,497	 		$	3,219	 	
Consolidated gold ounces sold (thousands):			1,429				1,337				2,850				2,704		
Average realized gold price (per ounce):													
Gross before provisional pricing		$	1,264			$	1,190			$	1,225			$	1,204		
Provisional pricing mark-to-market		 	7	 		 	1	 		 	14	 		 	—	 	
Gross after provisional pricing			1,271				1,191				1,239				1,204		
Treatment and refining charges		 	(11	)		 	(12	)		 	(13	)		 	(12	)	
Net		$	1,260	 		$	1,179	 		$	1,226	 		$	1,192	 	

												 	
		Three Months Ended		Six Months Ended	
		June 30,		June 30,	
		2016	 		2015	 		2016	 		2015	 	
Sales		$	2,038			$	1,908			$	4,070			$	3,880		
Consolidated gold sales, net		 	(1,803	)		 	(1,574	)		 	(3,497	)		 	(3,219	)	
Consolidated copper sales, net		$	235			$	334			$	573			$	661		
												 	
Consolidated copper sales:													
Gross before provisional pricing		$	266			$	377			$	622			$	747		
Provisional pricing mark-to-market		 	(8	)		 	(18	)		 	6	 		 	(34	)	
Gross after provisional pricing			258				359				628				713		
Treatment and refining charges		 	(23	)		 	(25	)		 	(55	)		 	(52	)	
Net		$	235	 		$	334	 		$	573	 		$	661	 	
Consolidated copper pounds sold (millions):			122				139				289				278		
Average realized copper price (per pound):													
Gross before provisional pricing		$	2.18			$	2.71			$	2.15			$	2.68		
Provisional pricing mark-to-market		 	(0.06	)		 	(0.13	)		 	0.02	 		 	(0.12	)	
Gross after provisional pricing			2.12				2.58				2.17				2.56		
Treatment and refining charges		 	(0.18	)		 	(0.17	)		 	(0.19	)		 	(0.19	)	
Net		$	1.94	 		$	2.41	 		$	1.98	 		$	2.37	 	

Gold By-Product Metrics
Copper is a by-product often obtained during the process of extracting and processing the primary ore-body. In our GAAP Condensed Consolidated Financial Statements, the value of these by-products is recorded as a credit to our CAS and the value of the primary ore is recorded as Sales. In certain instances, copper is a co-product, or significant resource in the primary ore-body, and the revenue is recorded as Sales in our GAAP Condensed Consolidated Financial Statements.
Gold By-Product Metrics are non-GAAP financial measures that serve as a basis for comparing the Company’s performance with certain competitors. As Newmont’s operations are primarily focused on gold production, “Gold By-Product Metrics” were developed to allow investors to view Sales, CAS per ounce and AISC per ounce calculations that classify all copper production as a by-product, even when copper is the primary ore-body. These metrics are calculated by subtracting copper sales recognized from Sales and including these amounts as offsets to CAS.
Gold By-Product Metrics are calculated on a consistent basis for the periods presented on a consolidated basis. These metrics are intended to provide supplemental information only, do not have any standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Other companies may calculate these measures differently as a result of differences in the underlying accounting principles, policies applied and in accounting frameworks, such as in IFRS.
The following tables reconcile these non-GAAP measures to the most directly comparable GAAP measures:

		Three Months Ended
June 30,		Six Months Ended
June 30,	
		2016	 		 	2015	 		2016	 		2015	 	
Consolidated gold sales, net		$	1,803			$	1,574			$	3,497			$	3,219		
Consolidated copper sales, net		 	235	 		 	334	 		 	573	 		 	661	 	
Sales		$	2,038	 		$	1,908	 		$	4,070	 		$	3,880	 	
												 	
Costs applicable to sales		$	1,059			$	1,027			$	2,140			$	2,054		
Less: Consolidated copper sales, net		 	(235	)		 	(334	)		 	(573	)		 	(661	)	
By-Product costs applicable to sales		$	824	 		$	693	 		$	1,567	 		$	1,393	 	
Gold sold (thousand ounces)		 	1,429	 		 	1,337	 		 	2,850	 		 	2,704	 	
Total Gold CAS per ounce (by-product)		$	577	 		$	518	 		$	550	 		$	515	 	
												 	
Total AISC		$	1,439			$	1,439			$	2,838			$	2,840		
Less: Consolidated copper sales, net		 	(235	)		 	(334	)		 	(573	)		 	(661	)	
By-Product AISC		$	1,204	 		$	1,105	 		$	2,265	 		$	2,179	 	
Gold sold (thousand ounces)		 	1,429	 		 	1,337	 		 	2,850	 		 	2,704	 	
Total Gold AISC per ounce (by-product)		$	843	 		$	826	 		$	795	 		$	806	 	

Conference call information
A conference call will be held on Thursday, July 21, 2016 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time) ; it will also be carried on the Company’s website.
Conference Call Details

 	 	 	Dial-In Number	 	 	 	800.857.6428	
			Intl Dial-In Number				517.623.4916	
			Leader				Meredith Bandy	
			Passcode				Newmont	
			Replay Number				800.925.0851	
			Intl Replay Number				402.220.3075	
			Replay Passcode				2016	
							 	
Webcast Details
URL: http://event.on24.com/wcc/r/1203160/7D2C07F959EE2899B0229E9C377BB39E
The second quarter 2016 results will be available after the market closes on Wednesday, July 20, 2016 on the “Investor Relations” section of the Company’s website, www.newmont.com . Additionally, the conference call will be archived for a limited time on the Company’s website.

Cautionary Statement Regarding Forward-Looking Statements, Including Outlook:
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation: (i) estimates of future consolidated and attributable production and sales; (ii) estimates of future costs applicable to sales and All-in sustaining costs; (iii) estimates of future consolidated and attributable capital expenditures; (iv) our efforts to continue delivering reduced costs and efficiency; (v) expectations regarding the development, growth and potential of the Company’s operations, projects and investments; (vi) expectations regarding future debt repayments; and (vii) expectations regarding the completion of the sale of Batu Hijau, including, without limitation, the timing of closing of the sale transaction, future receipt of contingent payments, expected use of proceeds, expected accounting impacts resulting from the proposed transaction, future operation and transition of Batu Hijau (including Phase 7) and future development of Elang. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company’s operations and projects being consistent with current expectations and mine plans, including without limitation receipt of export approvals; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of our current mineral reserve and mineralized material estimates; (viii) the acceptable outcome of negotiation of the amendment to the Contract of Work and/or resolution of export issues in Indonesia; and (ix) other assumptions noted herein. Investors are cautioned that no assurances can be made with respect to the closing of the pending sale of the Company’s interest in PTNNT,which remains contingent on the receipt of regulatory approvals, buyer shareholder approval, and satisfaction of other conditions precedent, including, without limitation, government approval of the PTNNT share transfer, maintenance of valid export license at closing, the concurrent closing of the PTMDB sale of its 24 percent stake to the buyer, resolution of certain tax matters, and no occurrence of material adverse events that would substantially impact the future value of Batu Hijau. Potential additional risks include other political, regulatory or legal challenges and community and labor issues. The amount of contingent payment will also remain subject to risks and uncertainties, including copper prices and future production and development at Batu Hijau and Elang. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the “forward-looking statements”. Other risks relating to forward looking statements in regard to the Company’s business and future performance may include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks, community relations, conflict resolution and outcome of projects or oppositions and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2015 Annual Report on Form 10-K, filed on February 17, 2016, with the Securities and Exchange Commission (SEC), as well as the Company’s other SEC filings. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
Investors are reminded that this news release should be read in conjunction with Newmont’s Form 10-Q expected to be filed on or about July 20, 2016 with the SEC (also available at www.newmont.com ).

CONTACT:
Newmont Mining Corporation
Investor Contact
Meredith Bandy, 303-837-5143
meredith.bandy@newmont.com
or
Media Contact
Omar Jabara, 303-837-5114
omar.jabara@newmont.com