Newmont Announces 2004 Form 10-K Filing; Reported Net Income Increased by $9 million to $443 million

03/15/2005

Newmont Announces 2004 Form 10-K Filing; Reported Net Income Increased by $9 million to $443 million

Denver, March 15, 2005 – Newmont Mining Corporation (NYSE: NEM) today announced the filing with the Securities and Exchange Commission of its Annual Report on Form 10-K for 2004.

The Company booked a net $8.8 million ($0.02 per share) non-cash, deferred tax adjustment to its previously released, unaudited financial statements for 2004. The net deferred tax adjustment resulted primarily from a release of valuation allowances on deferred tax assets.

As a result of the adjustment, net income for 2004 increased from $434.5 million ($0.98 per share) to $443.3 million ($1.00 per share). Net cash provided by operating activities for 2004 remained unchanged at $1.56 billion.

The Company also reclassified $784 million from Cash and cash equivalents to Marketable securities and other short term investments in its Consolidated Balance Sheet as of December 31, 2004. The reclassification relates to the definition of auction rate securities as having stated or contractual maturity dates for the underlying security in excess of 90 days.

Investor Contacts:
Wendy Yang (303) 837-6141 wendy.yang@newmont.com
Jennifer Van Dinter (303) 837-5165 jennifer.vandinter@newmont.com
Randy Engel (303) 837-6033 randy.engel@newmont.com
Media Contacts:
Doug Hock (303) 837-5812 doug.hock@newmont.com