Newmont Adds Profitable Gold Production with Completion of Cripple Creek & Victor Acquisition

Newmont Mining Corporation (NYSE: NEM) ("Newmont” or "the Company”) has completed the acquisition of the Cripple Creek & Victor ("CC&V”) gold mine in Colorado from AngloGold Ashanti Ltd. for US$820 million, plus a 2.5 percent net smelter return royalty on potential future gold production from underground ore.

"CC&V is a value accretive acquisition that adds profitable production and free cash flow while improving our portfolio mine life and costs in a favorable jurisdiction,” said Gary Goldberg, President and Chief Executive Officer. "Consistent with what we’ve achieved at our other operations, we believe we can lower CC&V’s direct mining costs by up to ten percent through mine plan optimization, and improve mill recoveries by up to two percent by applying proprietary technology. We look forward to welcoming CC&V’s team to Newmont.”

CC&V is undergoing an expansion that is about two-thirds complete with remaining development capital expected to be fully funded through operating cash flow. The expansion includes a new mill to augment production, improve recovery on higher grade ore, and add capacity for a potential underground operation. The mill is up and running, and expected to reach full production capacity later this year. The expansion also features a second leach facility and new recovery plant, which are expected to be in production in the second half of 2016.

CC&V supports Newmont’s strategy to lead the gold sector in value creation by:

• Offering strong earnings and cash flow with additional opportunities to improve value
• Adding between 350,000 and 400,000 ounces of gold per year in 2016 and 2017 at all-in sustaining costs (AISC)¹ of between $825 and $875 per ounce
• Strengthening the reserve base – Newmont will report year-end 2015 Reserves and Resources according to its Standards in early 2016
• Retaining CC&V’s experienced workforce to ensure business continuity

Newmont has generated $1.7 billion through fairly valued asset sales over the last two years. The Company lowered its AISC by 14 percent in the second quarter of 2015, compared to the prior year, while marking five consecutive quarters of generating positive free cash flow. The Company remains on track to deliver profitable new production from the Turf Vent shaft in Nevada in late 2015; from Merian in Suriname beginning in late 2016; and from Long Canyon Phase 1 in Nevada beginning in 2017.

About Newmont

Newmont is a leading gold and copper producer. The Company employs approximately 27,000 employees and contractors, with the majority working at managed operations in the United States, Australia, Ghana, Peru, Suriname and Indonesia. Newmont is the only gold producer listed in the S&P 500 index and in 2007 became the first named to the Dow Jones Sustainability World Index. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.

About Cripple Creek & Victor

Located near Colorado Springs in Teller County, Colorado, Cripple Creek & Victor has been in operation since 1995. CC&V is a surface mine that provides ore to a crusher and a leach facility. The operation is currently two-thirds through an expansion which includes a new mill, now in production; and a new leach facility and recovery plant, which will be commissioned during the second half of 2016.

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Cautionary Statement Regarding Forward-Looking Statements:

This news release contains "forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provided for under these sections. Such forward-looking statements may include, without limitation: (i) estimates of future production, earnings, cash flow and financial performance; (ii) estimates of future AISC; (iii) estimates of future capital expenditures; (iv) estimates of future costs reductions, optimization and efficiency; (v) expectations regarding the development of the Company’s projects, including first production; (vi) expectations regarding the repayment of debt from cash flows and existing cash; (vii) expectations regarding future reserve and resource estimates; (viii) statements regarding future integration of the Cripple Creek and Victor mine; and (ix) expectations regarding the mine life and growth potential of CC&V and the Company’s other projects and operations. 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 price assumptions for gold, copper and oil; (v) prices for key supplies being approximately consistent with current levels; and (vi) the accuracy of the Company’s current mineral reserve and mineralized material estimates. Where the Company expresses 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 those forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in which the Company’s operates, 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 Quarterly Report on Form 10-Q, July 23, 2015, which is on file with the Securities and Exchange Commission, as well as the Company’s other SEC filings. Many of these factors are beyond the Company’s ability to control or predict. Given these uncertainties, investors are cautioned not to place undue reliance on those forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements. The Company disclaims any intention or obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

¹ All-in sustaining cost (AISC) as used herein 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.

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