1. Westcoast Winter Roadshow
Wayne W. Murdy
Chairman and Chief Executive Officer
January 10-11, 2007
Slide 1
Cautionary Statement
This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be
covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, (i)
estimates of future gold and other metals production and sales; (ii) estimates of future costs and consolidated costs
applicable to sales; (iii) estimates of future capital expenditures and expenses; (iv) estimates regarding timing of
future development, construction, production and expansion activities; (v) statements regarding future exploration
results; (vi) estimates of reserves and statements regarding replacement of reserves; and (vii) estimates of pre-tax
gains. Where the Company expresses or implies an expectation or belief as to future events or results, such
expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking
statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially
from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are
not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in
ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in
which we operate, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks
and other factors, see the Company’s 2005 Annual Report on Form 10-K, which is on file with the Securities and
Exchange Commission, as well as the Company’s other SEC filings. The Company does not undertake any obligation
to release publicly revisions to any “forward-looking statement,” to reflect events or circumstances after the date of
this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable
securities laws.
Slide 2
1

2. Overview
• Company Overview
• Gold Supply and Demand Fundamentals
• Industry-Wide Cost Pressures
• Growing Margins and Increasing Costs
• Political Risk Diversification
• Continued Merchant Banking Success
Slide 3
Overview of Newmont
% of
Change
Financials & Statistics 2005 2006
9-month Revenue ($millions) $3,060 $3,527 +15%
Net Income ($millions) $260 $568 +118%
Equity Gold Sales (000 ounces) 4,695 4,155 -12%
Realized Gold $427 $591 +38%
Cost of Sales Per Ounce $239 $297 +24%
Market Capitalization ($millions) $18,945 $21,363 +13%
Total Assets ($millions) $13,922 $15,121 +8%
1. Market Capitalization based on 12/11/2006 share price of $47.45 and 450.2m shares outstanding and a 2005 average share Slide 4
price of $42.24 and 448.5m shares outstanding.
2

3. Overview of Newmont
Actual
Guidance
Production 2006 2005 2005 2004
& Reserves Production Production Reserves Reserves
Nevada 2.3moz 2.3moz 33.3moz 35.0moz
Yanacocha 1.4moz 1.7moz 16.8moz 16.6moz
Australia/NZ 1.4moz 1.6moz 14.9moz 15.1moz
Batu Hijau 0.2moz 0.4moz 6.7moz 7.2moz
Ghana 0.2moz - 18.7moz 16.0moz
Other 0.3moz 0.5moz 2.9moz 2.5moz
Total 5.8moz 6.5moz 93.2moz 92.4moz
Slide 5
The Case for Gold:
Declining Mine Supply
Market Average Gold Prices
Fundamentals 4,500
$363/oz
$444/oz
• Mine Supply down
$310/oz
4,000
$271/oz
$409/oz
617
4% since 2001 656
547
520 468
3,500
Gold Tonnes
• Washington Accord 943
840
3,000 713 861
848
(CBGA) limits Official
Sales each year
2,500
2,621 2,592
2,588
• Net Producer
2,519
2,000 2,470
De-hedging 1,500
2001 2002 2003 2004 2005
Mine Supply Scrap Supply Official Sales
Source: GFMS
Slide 6
3

4. The Case for Gold:
Gold as a Currency
Current Account Deficit Approaching a Trillion Dollars
$800 2%
1%
$700
0%
$600
-1%
$500
Gold ($/oz)
% of GDP
-2%
$400 -3%
-4%
$300
-5%
$200 Current Account
-6%
Deficit/Surplus
$100 Gold Price -7%
$- -8%
1969 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005
Source: Bloomberg
Slide 7
Operating Cost Pressures
Newmont vs. Industry Weighted Average Cash Costs
$400
5-Year Total Operating Cost Inflation
Industry 73%
$350 Newmont 52%
$305
Compound Annual Inflation
$297
Industry 12%
$300
Newmont 9%
CAS ($/oz)
$250
$195
$200
$176
$150
$100
2001 2002 2003 2004 2005 2006 YTD
Slide 8
GFMS (Cash Costs - Industry Avg) Newmont
Source: GFMS – Update 1, NEM Q3 Results
4

5. Input Cost Pressures
550%
• Increasing Capital & Operating Costs
450%
438%
• Industry labor prices are up ~18% over
past 5 years
350%
278%
250%
170%
150%
132%
50%
-50%
2002 2003 2004 2005 2006
% Gain
Gold WTI Oil Copper Steel
Slide 9
Source: Bloomberg, Steel Prices courtesy of Citigroup
Expanding Margins
Despite Increasing Costs
2
$52.75
$700
Price $591
al Share
e Annu $43.04 $42.24
$600
Averag
$34.50 $441
$500 $26.19 $412
$19.35 $294
$366
$400
$313
$205
$271 $196
$300 $170
$121
$89
$200
$297
$236
$216
$100 $196
$192
$182
$-
9-Months 1
2001 2002 2003 2004 2005
2006
CAS/Oz Operating Margin/Oz Realized Price/Oz
1. As of September 30, 2006
2. Source: Bloomberg
Slide 10
5

6. Political Risk Diversification
2006 Production
Nevada Yanacocha
5.6 – 5.8 mm equity ozs - Guidance
Nevada
Other
42%
3%
67%
Ghana
in Developed
3%
Countries
Australia/NZ
Australia/ 25%
Ghana
Yanacocha
New Zealand 24%
Indonesia
3%
2005 Reserves
93.2 mm equity ozs
Investment
Nevada
Other
Indonesia Portfolio
35%
3%
51%
in Developed
Countries
Australia/NZ
Ghana 16%
21%
Yanacocha
18%
Indonesia
7% Slide 11
2006 Project Development
Update - Nevada
Leeville, Nevada
• Achieved commercial production in Q4
• Progressing mine development and underground infrastructure
• Project expected to ramp up to 3,200 tons per day by end of 2007
Phoenix, Nevada
• Achieved commercial production in Q4
• Installing larger crusher and evaluating oxide copper leach
program
Power Plant
• Construction approximately 28% complete
• Ongoing cost pressures
Slide 12
6

7. 2006 Project Development
Update – Ghana & Australia
Boddington, Australia
• Construction is 11% complete
• Initial production expected in late 2008 or early 2009
Yanacocha Gold Mill, Peru
• Under construction for initial production in 2008
• Maintains current gold sales outlook
Akyem, Ghana
• Deferred construction pending permitting, power availability and
optimization of project economics
Slide 13
Investment Portfolio
2006
• Estimated Royalty and Other Income of $105 - $115 million
Long-Term Wealth Creation
1) Alberta Heavy Oil: $20 million Investment $280 million Proceeds
2) Canadian Oil Sands Trust: $200 million Investment >$800 million
Value
3) Other Assets:
• Iron Ore and Coal
• Arctic Gas
• Gold Refineries
4) $153 Million Investment in Shore Gold Inc.’s FALC – Diamond Project
Slide 14
7

8. Newmont:
A World Leading Gold Company
• Founded in 1921, Publicly traded since 1925
• Market Capitalization $20 Billion1
• Only Gold Stock in the S&P 500 and Fortune 500
• Most Liquid Gold Stock Approximately $350 Million/Day1
• 32 Million Acres of Land in the World’s Best Gold Districts
• Industry Leading Balance Sheet and Financial Flexibility
• Gold Price Leverage ”No Gold Hedging” Philosophy
1. Market Capitalization based on 12/11/2006 share price of $47.45 and 450.2m shares outstanding and a 2005 average share
price of $42.24 and 448.5m shares outstanding.
Slide 15
8