Smart Investment - mexicomike.ca

[dirkdiggler]

Try adjusting the parameters on your MacD to 3,10,16.....there's your upturn on the fast line. Actually, these 'sensitive' parameters are no joke - they're used extensively by my favorite TA trader and 'Market Wizard', Linda Bradford Rashcke....

http://www.lbrgroup.com/





.

[ProTicker]

Since my last post in late June Newmont turned as we know down around July 12th give or take a day. I will attempt with your patients to do some TA's on NEWMONT. Commenting on about 4 or 5 technicals.

http://stockcharts.com/h-sc/ui.....6054927907

FIRST: We can see 60,3 , full Stochastics , showing a 38.89 about nuetral. It needs to turn up. It is almost there. I like to let the market tell me a momentum or direction, trend. every time I have gone against the trend, i got crushed or paid for it. This indicator is down deep enough and is presently side ways looking to turn up.

SECOND : The MACD's are so important. This indicator is a must. It has to turn up. It is -.67 and still lower but looking exhausted. It may start turning up soon. keep an eye on it.

THIRD: FAST Stochastics ideally should be below 20%. We are 18.41. This is good. Showing the price is historically low ( near term) But this indicator is heading up. Many would not buy till all the other indicators that they have custom to turns up as well and with the FAST Sto. it needs to be ideally moving up and above the 20% line. We are so close.

http://stockcharts.com/h-sc/ui.....7899969821

The chart above just shows a 20 dma instead of a 200 dma. Good for short term traders to use a much shorter moving average.

FOURTH : Using BB, Bollinger Bands. These define the trading channel of a stocks movement. Obviously if a short term buyer for trading, we would like to buy on the lower band. Thats where NEM is right now. Perfect target. $54.88 is bottom band and the stock is $55.90

Top of the BB's is $62.96, so we are trading near the lower band, stock price $55.90 is closer to $54.88 then $62.96, so this is very good. ALL in ALL , I like everything here but the MACD. It has to point upward . One other thing. The full 60,3 Sto. is turning up as of today but is not enough yet. maybe after Monday's move it will be enough defined.

CONCLUSION: We are very close to seeing a bottom, so close we may have already price wise, but need to address a few issues for more clear buy signal. I am a novice in this. this is just my own opinions. Not to be taken as investment advice. I like using this set up. It works fair.

Take a look at AVN. Allied Nevada. I bought in heavy today and Wed. Options too. I have posted this under the Allied Nevada thread here.

http://stockcharts.com/h-sc/ui.....4880884658

I loaded up on AVN initially a little late at $16.48. close today $17.25. $19.92 is top on the BB's right now. So it may go with momentum , to somewhere just under that . GDX , Goldminers index is very simular to NEWMONT. This suggest we are so close to POG sell off ending. Wall Street in love miners , like Seabridge , ANV, take off early, since they have a high beta and relative strength value to the market.


Last : Gold contracts suggest we are about complete on the sell off. Every indicator is trying to turn up. http://stockcharts.com/h-sc/ui.....9321907913


Looking for opinions, even disagreements , comments, etc.

Cheers to all, PT
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[kjm]

Nem shot up to hit a new high this morning......good leading indicator?

Maybe will be lots of catch up for the rest of the group.
_________________
Look around the table. If you don't see a sucker...get up, because you're the sucker.

[ProTicker]

NEM is always a good barometer of the PM gold large caps. We see this past week new highs were made by Newmont mining. The MACD is already 1.55 and heading up.

http://stockcharts.com/h-sc/ui?s=nem


NEM is a gold mining always performs well when gold moves, and in the May 'flash crash' time it was testing a breakout. During the early May selling NEM simply tested its breakout, coming back to the breakout point.

Tthe day of the 'flash crash it tested intraday but then reversed and rallied. NEM is a more defensive play on to me because of it's size and leadership in the industry.

It went to almost $60 in no time. Then there was a reaction move by the market, and the defensive areas reversed. NEM came all the way back to its breakout point. This would be a good intry point . This was a good shake out move and preceeds sometimes a breakout to new highs as technicians will say.

NEM renewed its rally. Through June it made a climb and just over a week ago gapped through the prior peak on this rally, a very bullish. Last week it used the market selling to test the move and on Friday NEM surged to the upside yet again, posting yet another new high in its long rally . Let this move run its course and bank part of the gain opn the LEAPS options , which is how I would invest in this move. Instead I bought Jan 2012 Calls on GDX , the gold miners index. Those are profitable.

NEM is very healthy here. Gold traditionally should have been weak throughout June but demand is steady and rising. Think where a panic in PM's will take NEM. I still like Using NEM as a market barometer.
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[ProTicker]

http://www.321gold.com/editori.....40210.html

Newmont on breakout alert , watch


We could be on the verge of a man mouth move in gold to the upside. Talked about William Oneill , founder of Investor's daily. A highly technical newspaper that shows technical analysis of each days stock in the market. he is the founder of cup/handle formation from his 50 year stock price movement base.

Newmont mining looks on the verge of a major breakout. it is lacking a handle but before that it would be good to see higher volume on a slight rise to finish the right wall of the cup.what's wrong here is the volume. We need to see much more volume. Could be in the next few trading day's. The right wall of the cup almost = the left wall. The base of the cup has formed since early Dec. 09. Longer the base the better. that is substantial time to be healthy.

http://www.dailystocks.com/for.....?tid/2407/

This formation is not complete to say it will breakout. It needs higher volume on the right wall and then almost no volume as it forms the handle which should be slightly downward in appearance, then Breakout. Volume drys up in the breif handle period. If NEM breakout's, so to the rest of the large caps. They go first. Trickle down effect will bring it to the small PM's that Vancouver is so famous for.

http://stockcharts.com/school/.....ith_handle

NEM is large enough to be indicative of the gold industry. Could it be that the S&P 500 turns down like so many expect and gold/silver breakout? I am thinking when will be the time that gold/silver stocks breakout? Will they dip one more time like in 1930's, to only rise out of the ashes against all other industry sectors and never look back. Caring huge gains for all of us? Or will we dip a second time like 1930 then rise up out and never look back????????? Stay on watch.

Cheeers tp Newmont, As an industry bell weather, Pro
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[ProTicker]

Powerful Action is happening in Newmont Mining.Newmont Mining stock is up 5% today on heavy trade following the company's 4th quarter earnings report. It has been trading aggressive throughout the day. Volume well above the daily average. NEM is now trading at new highs for the month and bodes well going forward. NEM (NYSE) Newmont Mining Since the stock bottomed last March, Newmont had a volatile run. Although the move higher was a lot more volatile, December saw the stock around $19 above the spring lows. The stock is retesting its 200 DMA moving average.

Let me just add in closing my comments, many here like small cap miners as they are even more leveraged to the price of gold than the Newmont's of the world, so in closing LEAPS ( jumbo options ) that last out up to 3 years before expiration may be appropriate for those that want to spread their money but find a $50 dollar stock unaffordable because lack of leverage compared to small caps. What is the additional risk? Cheers pro

Newmont Mining Corporation
(NYSE: NEM)

Real-Time: 48.55 2.07 (4.45%) 2:50pm ET

As Newmont goes so does the gold mining stocks. what's good for Newmont is healthy for the industry I always say.

http://stockcharts.com/charts/gallery.html?NEM


Summary Box: Newmont Mining's 4Q profit soars
Summary Box: Highlights of Newmont Mining's 4Q results
ap

By The Associated Press , On Thursday February 25, 2010, 2:39 pm

GOLDEN OPPORTUNITY: Newmont Mining Corp.'s fourth-quarter profit jumped as gold and copper prices surged.

PRICE ADVANTAGE: Commodity prices have benefited from low U.S. interest rates, which make the dollar less attractive to investors. Since commodities are priced in dollars, they become more appealing to foreign buyers whose currencies are stronger against the dollar.

OUTLOOK: Newmont, based in Denver, predicts its 2010 equity gold production will rise slightly to between 5.3 and 5.5 million ounces.



Newmont Mining 4Q profit soars with gold prices
Newmont Mining 4th-quarter profit leaps on higher gold and copper prices
ap

By Sandy Shore, AP Business Wr5i , On Thursday February 25, 2010, 2:23 pm

DENVER (AP) -- Newmont Mining Corp. said Thursday its fourth-quarter profit surged as gold and copper prices soared and it cut production costs.

Newmont earned $558 million, or $1.13 per share, compared with $4 million, or a penny a share, during the same period last year.

Adjusted profit was $1.14 per share, easily beating the 79 cents-per-share estimate of analysts surveyed by Thomson Reuters. These estimates normally exclude one-time items.

Gold prices rose steadily throughout 2009, hitting a peak of $1,227.50 an ounce in early December. Copper prices increased about 18 percent during the fourth quarter. Commodity prices have benefited from low U.S. interest rates, which make the dollar less attractive to investors. Since commodities are priced in dollars, they become more appealing to foreign buyers whose currencies are stronger against the dollar.

Gold and copper are key commodities for investors and consumers. Gold is favored as a hedge against inflation and as a safer investment risk during uncertain economic times. Copper is an important component of electronics and is essential for wiring and pipes in homes and office buildings.

Newmont's average realized gold price in the fourth quarter was $1,102 per ounce and the average realized copper price was $3.24 per pound. Gold sales rose 8.5 percent to 1.5 million ounces, while copper sales increased 80 percent to 72 million pounds.

Revenue jumped 90 percent to $2.52 billion from $1.33 billion. Analysts predicted revenue of $2.02 billion.

For the year, Newmont's profit surged to $1.3 billion, or $2.66 per share, from $831 million, or $1.83 per share, in the prior year. Adjusted earnings were $2.79 per share.

Annual revenue grew 26 percent to $7.71 billion.

The Denver mining giant will boost its budget for developing new mines by 40 percent this year. Argus Research analyst Bill Selesky said Newmont has been slower than other mining companies to commit to a significant exploration program in the last five years. "I think they're just making up for lost time," he said.

Newmont said it will work this year to bring its Boddington mine in Australia into full production and continue development of projects in Nevada, Ghana, Peru and Canada.

Barnard Jacobs Mellet analyst Patrick Chidley said he hopes two or three of the projects will be put into production in the next four years. "The sooner the better. I wish they would move a little bit quicker," he said.

The company predicts its 2010 gold production will rise slightly to between 5.3 and 5.5 million ounces.

Shares of Newmont rose $2.56, or 5.5 percent, to $49.04 in afternoon trading.
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[ProTicker]

Looks like with NEM , Newmont reporting, most large cap gold stocks should do well with POG throughout 3rd quarter.

Newmont Mining 3Q profit more than doubles
Newmont Mining 3rd-quarter profit more than doubles partly on favorable commodity prices

* On 6:54 am EDT, Thursday October 29, 2009
o Newmont Mining Corp.

DENVER (AP) -- Newmont Mining Corp. said Thursday that its profit more than doubled in the third quarter as the gold producer capitalized on favorable commodity prices and strong gold and copper sales.

Newmont's profit climbed to $388 million, or 79 cents per share, compared with $191 million, or 42 cents per share, a year ago.

Revenue for the three months ended Sept. 30 jumped 50 percent to $2.05 billion from $1.37 billion, with copper sales more than quadrupling and gold sales rising steadily.

President and CEO Richard O'Brien said in a statement that the company's effort to control costs resulted in a 13 percent decline in costs applicable to sales of gold per ounce. Gold operating margin rose 41 percent to $560 per ounce.

The results easily beat the estimates of analysts polled by Thomson Reuters, who forecast earnings of 55 cents per share on revenue of $1.72 billion. Analysts' estimates typically exclude one-time items.
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[ProTicker]

Today's Volume 13,715,600
3 Month Average Volume 6,212,198 43.90 +3.72 +9.26% Typical rise in the sector today.

We see a huge buying demand in these shares as most gold cap's stock today. Looking for a strong follow through and would be surprised if it was tomorrow. Stay on watch.

Broke way to the upside of its Bollinger bands today. very bullish. Will mean alot more if it follows that through tomorrow.

North of 40DMA now. http://stockcharts.com/charts/gallery.html?NEM

The full stocastic are at 35.24% showing it can rise a much higher before suggestions of full priced shares based on past stock price compared to the market as a whole.

On a weekly basis NEWMONT mining is just below it's 200dma and has been climbing since early July.http://stockcharts.com/h-sc/ui

This is positive for gold issues and the gold market.
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[ProTicker]

Wall to Wall Street Coverage: Upgrades and Downgrades

* By Justin Sharon
* On Friday August 28, 2009, 8:25 am EDT

[ProTicker]

NEWMONT EARNINGS and NEWS

NEM chart shows Newmont is stuck in a rage and is riding it up and down between high 30's and mid 40's. Nothing exciting here. Looks like pulling out of Indonesia may be a better call for shareholders. I am not excited in the least about NEM , however it is good to watch our bell weather performers in the gold industry. after all they produce over 5 million ounces a year. Before the Barrick mergers with another company, Newmont was the largest .

http://stockcharts.com/charts/gallery.html?NEM

ap
Newmont Mining 2Q profit slides 40 percent
Newmont 2nd-quarter profit drops on lower copper prices, costs related to gold mine purchase

* By Sandy Shore, AP Business Writer
* On Thursday July 23, 2009, 10:59 am EDT
Companies:
o Newmont mining corp.

DENVER (AP) -- Newmont Mining Corp., one of the world's largest gold producers, said Thursday its second-quarter profit sank 40 percent as copper prices fell and its tax bill jumped significantly.
Related Quotes
Symbol Price Change
NEM 42.36 +0.38
Chart for NEWMONT MIN CP (HLDG

The results missed Wall Street expectations, and its stock dipped in morning trading.

Richard O'Brien, president and CEO, told analysts the company's giant gold mine in Australia will begin to produce concentrate in August which will boost performance in the latter half of the year.

"Our operating performance for 2009 is skewed for the last six months of the year," he said on a conference call. "Again, I would like to reiterate that while we recognize the quarterly fluctuation will occur, we continue to drive our businesses meeting and exceeding our annual guidance."

Newmont reported a net profit of $162 million, or 33 cents per share, compared with $271 million, or 59 cents per share, a year ago. Revenue grew 7 percent to $1.6 billion from $1.5 billion.

Results include items such as a $59 million charge related to the purchase of the remaining stake in Australia's largest gold mine, the Boddington open-pit project near Perth, Australia. Excluding those items, the Denver company posted a profit 43 cents per share.

Thomson Reuters said analysts it surveyed estimated, on average, a profit of 47 cents per share on revenue of $1.64 billion. Analysts typically exclude one-time items.

Newmont's gold revenue rose 4 percent to $1.37 billion from $1.32 billion. Copper sales increased 25 percent to $2.29 billion from $1.83 billion, but the company said realized copper prices were less than a year ago.

The company said its tax rate increased significantly, and it reported $136 million in income tax expenses. That compares with a tax benefit of $42 million a year ago.

Thomas Weisel Partners analyst Heather Douglas told clients the lower-than-expected results appeared to be related to less production from Newmont's mine operations in Nevada and other expenses.

"Costs were better than expected, and guidance is essentially unchanged," she wrote in a research note.

She also noted Newmont confirmed an agreement was reached on the divestiture of an interest in an Indonesia mine.

Last month, Newmont bought the remaining 33.3 percent interest in the Boddington mine from AngloGold Ashanti Ltd. for $1 billion. It now has total ownership of the mine.

Newmont trimmed the high end of its equity gold sales guidance because the Boddington mine startup was delayed at least a month. The company now expects sales between 5.2 million and 5.4 million ounces, previously expected as high as 5.5 million.

Shares of Newmont fell 6 cents to $41.92.
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[ProTicker]

This is healthy for the industry and indicative of the outlook which is healthy of gold itself. with the FEDs in quantitative liquidity we are nearing the beggining of the end of the USD.
Cheers , dam the grams, full ounces ahead
ProTicker


Newmont open to union with world's biggest goldminer
Jamie Freed
March 19, 2009

NEWMONT Mining is open to a merger with the world's largest goldminer, Barrick Gold, which would create a $US47.4 billion ($70 billion) industry behemoth with a market value larger than that of Rio Tinto.

In an annual investor briefing in New York on Wednesday Newmont's chief executive, Richard O'Brien, said there were potentially huge cost savings in combining their global operations, particularly in Nevada.

"If you can figure out how to share synergies, that is an obvious thing for us to have happen at some point," he said. "But it has been there in the middle of that table for a long time. It hasn't happened yet, so we'll see."

Newmont and Barrick each own a half share in the Kalgoorlie Super Pit and both have several operations in Australia.

Combined, they expect to produce more than 12.4 million ounces of gold this year, which compares with the 1.6 million ounces Australia's largest independent goldminer, Newcrest Mining, expects to produce.

Mr O'Brien said Newmont had held off on big acquisitions because large mergers were often accompanied by significant dilution of value unless there were material cost savings available.

"Generally, other than areas where we have overlap with somebody like Barrick in Nevada, which is right there in front of us, there really aren't a lot of synergies by combining operations that might be disparate around the world or disparate in a country."

Newmont, which has to work hard to replace its reserves each year, has long been deemed a potential suitor for Newcrest but has never made a bid. None of their Australian operations are adjacent to each other.

Mr O'Brien said Newmont was focusing on potential acquisitions with existing production. In the recent past it had looked more at development projects.

Newmont will soon operate Australia's largest goldmine, when its $US2.6 billion Boddington project is complete by the middle of this year. It has full control of the project since buying a one-third stake from AngloGold Ashanti for about $US1 billion this year.

Mr O'Brien said the successful completion of Boddington was the company's most important priority this year. "The mine will be a cornerstone of our operations in Australia, clearly with 1 million ounces per year plus.

"When we think of cornerstone … think how long we've been in business in Nevada and that we still are. This will be that kind of cornerstone for us."

Newmont has been reviewing the future of the Super Pit, its highest-cost operation in the world, for a year, and has not ruled out the possibility of a sale.

Newmont's head of operations, Brian Hill, said the miner was working with Barrick to determine the best way to optimise the mine's development.

"That work will go on this year and hopefully let us drive to a solution we can discuss towards the end of this year."

Mr O'Brien said there was "room to run" for the gold price, now trading at more than $US900 an ounce.

Source: The Sydney Morning Herald
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[ProTicker]

UPDATE 1-RESEARCH ALERT-UBS upgrades Barrick Gold, 4 others
Wed Feb 4, 2009 11:43am EST

Market News
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More Business & Investing News...

Feb 4 (Reuters) - UBS upgraded five North American gold
producers, including the world's largest gold miner Barrick
Gold Corp, saying investor and speculative demand are boosting
gold prices, even as jewellery demand falls and U.S. dollar
strengthens.

The brokerage raised its 2009 gold price target to $1,000
per ounce from its prior view of $700 per ounce.

Gold has been one of the best-performing assets of late,
and demand for gold as a safe store of value has surged
recently as other assets have become increasingly volatile.

UBS upgraded Agnico Eagle Mines (AEM.TO) (AEM.N), Barrick
Gold (ABX.N) (ABX.TO), Eldorado Gold Corp (ELD.TO), Newmont
Mining (NEM.N) and Goldcorp Inc (GG.N) (G.TO) to "buy" from
"neutral."

The brokerage, which also raised its 2009 profit view and
price targets for the companies, maintained its "buy" rating on
Centerra Gold (CG.TO) and Franco-Nevada (FNV.TO).

Following are the price target and estimate changes made by
the brokerage on the gold producers:

Company Price target 2009 Estimates*

Current Prior Current Prior

Agnico-Eagle Mines $62 $44 $1.05 $0.29

Barrick Gold $46 $33.50 $2.81 $0.92

Centerra Gold C$7 C$4.50 C$1.75 C$0.79

Eldorado Gold C$11.25 C$8.75 C$0.38 C$0.18

Goldcorp $36 $28 $0.87 $0.15

Newmont Mining $48 $38 $2.82 $0.66

Franco-Nevada C$30.50 C$25 C$0.40 C$0.14

* Per share
(Reporting by R. Manikandan in Bangalore; Editing by Deepak
Kannan)
Wall Street 1930
Now another great depression is moving in. Newmont will be some of the right places to be through this. proTicker
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[ProTicker]

Jay1000,

Enjoyed your point on gold. We for the most part see this coming. Gold as of late is awesomely impressive. It has hit a new high in the past 2 weeks against the Canadian dollar, English pound , Swiss franc, Australian dollar and more. Soon to be the USD, the world currency king daddy of them all.

No matter who's forecast you look at, and I have seen many as of late, they all have gold much higher. I've seen , from $1150 all the way to $2,000 for 2009. Only one, USB Warburg's was lower. I have just bought more Gold Buffaloe's the US gold bullion coin form Blanchart in New Orleans. You can 't find many of these either.

That is why Nova Gold is such a buy right now and moving higher. Think every one see's this coming. As they stimulate the USD to hyperinflation oblivion, it will show up in much higher POG, as world paper currencies are inevidibly doomed. Majors are running out of large scale good yielding per ton gold resources to buy. Juniors that have a proven up large supply will benefit handsomely. Companies like Vista Gold, VGZ ( amex ) NXG, AUY.

Not that I am any kind of authority at all, but I am emphasizing producers with few exceptions.

Cheers and good day, ProTicker
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.

[jay10000]

Hi Proticker,

Received this blurb as part of the regular morning notes from Merrill Lynch. Boldtype is mine. Mike Jalonen is Merrill's North American PM Analyst. The fact that they paid $628 per recoverable oz. is pretty positive IMO.

All the best,
Jay

[ProTicker]

http://stockcharts.com/charts/gallery.html?NEM

I'd expect a whole lot more consolidation as gold goes higher and shares remain cheap. Gold is harder and harder to come by as large projects available. This is very good for the juniors. What newmont did on this news release is a good example.

Cheers pro

Press Release Source: Newmont Mining Corporation

Newmont to Acquire Remaining Interest in World-Class Boddington Project in Western Australia
Tuesday January 27, 4:08 pm ET

DENVER, Jan. 27 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM - News; "Newmont" or "the Company") announced today that it has entered into a definitive purchase agreement to acquire from AngloGold Ashanti Australia Limited, a wholly-owned subsidiary of AngloGold Ashanti Ltd., its 33.33% interest in the Boddington project in Western Australia. Upon completion of the acquisition, Newmont will own 100% of the Boddington project, which is the largest gold project in Australia, and Newmont's proven and probable gold reserves at Boddington will increase by 6.6 million ounces to 20.1 million ounces.


Richard O'Brien, President and Chief Executive Officer of Newmont said, "We are very pleased to consolidate our interest in Boddington, a world-class asset that we obviously know well. We expect Boddington will have low operating costs, a mine life in excess of 20 years and significant exploration potential in a favorable geo-political jurisdiction."

The total consideration for the 33.33% interest consists of $750 million payable in cash at closing, $240 million payable in cash and/or Newmont common stock, at Newmont's option, in December 2009, and a royalty capped at $100 million, equal to 50% of the average realized operating margin (if any) exceeding $600 per ounce, payable on one-third of gold sales from Boddington. The transaction is expected to close in March 2009, subject to satisfaction or waiver of certain conditions, including the receipt of approvals from the Australian Foreign Investment Review Board, Western Australia Ministry of Mines and South African Reserve Bank and the receipt of consents and agreements from third parties. The valuation date for the transaction is January 1, 2009, and closing adjustments will be made to reflect Newmont's economic ownership position from that date, which will require Newmont to reimburse AngloGold for all contributions made to the Boddington joint venture after that date. As a result of the increased ownership interest in Boddington, Newmont expects to incur an additional approximately $250 million of capital expenditures in 2009.

Newmont has received a commitment for a $1.0 billion, 364-day bridge facility to support the transaction and for additional capital expenditures that result from its increased ownership in the Boddington project. The bridge facility is subject to customary closing conditions.

About Boddington:

Boddington is a large, open pit mine in Western Australia, located 130 kilometers southeast of Perth. At the end of 2008, the Boddington project was 89% complete, with start-up expected in mid-2009 and an anticipated 12-month ramp-up schedule. The Company continues to expect total capital costs to be between $2.6 and $2.9 billion on a 100% basis.

Boddington will be Australia's largest gold producer upon completion, with expected average annual gold production of approximately one million ounces at costs applicable to sales of approximately $300 per ounce (on a by-product basis) for the first five years of operation, and an expected mine life in excess of 20 years. Newmont believes Boddington has significant exploration potential, as demonstrated in 2008, with the reserves on a 100% basis increasing from 16.6 in 2007 to 20.1 million ounces in 2008.

Cautionary Statement:

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation (i) estimates of gold and copper production and sales; (ii) estimates of costs applicable to sales; (iii) estimates of capital expenditures, project costs, and expenses; (iv) estimates regarding timing of future development, construction, production or closure activities; (v) statements regarding future exploration results, exploration expenditures, and reserves; (vi) statements regarding potential cost savings, productivity, operating performance, cost structure and competitive position; (vii) expectations regarding the completion and timing of the Boddington acquisition; and (viii) expectations regarding the start-up time, design, mine life, production, costs applicable to sales and exploration potential of the Boddington mine. 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 2007 Annual Report on Form 10-K, filed February 21, 2008, and the Company's Quarterly Report on Form 10-Q, filed October 28, 2008, each of 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.

Ian Douglas, Newmont's Group Executive of Reserves and Geostatistics, is the qualified person responsible for the preparation of the scientific and technical information concerning its mineral properties in this press release. For a description of mineral reserve estimates on the Boddington Property, including a description of key assumptions, parameters and methods used in the estimates and the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, please see the Company's 2007 Annual Report on Form 10-K, filed February 21, 2008, and the Company's Quarterly Report on Form 10-Q, filed October 28, 2008, each of which is on file with the SEC, as well as the Company's other SEC filings, which are on EDGAR in the United States and on SEDAR in Canada.


Source: Newmont Mining Corporation
_________________
The world is littered with unsustainable debt. And global de-leveraging is still in the early stages.