Newmont Mining Corp (NEM) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Exhibit 99.1

Newmont Announces Fourth Quarter and Full Year 2013 Financial and Operating Results and Provides Three-Year Outlook

Generating $1.6 Billion in Operating Cash Flow, Reducing Consolidated Spending by $966 Million, and Increasing Financial Flexibility

DENVER--(BUSINESS WIRE)--February 20, 2014--Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) today reported fourth quarter and full year 2013 financial and operating results and a three-year outlook.

“In 2013, we generated $1.6 billion of operating cash flow from strong results despite the challenging gold price environment. I am proud of how our team delivered nearly $1.0 billion in cost and efficiency improvements during the year,” said Gary Goldberg, President and Chief Executive Officer. “We also achieved the top end of our gold production guidance of 5.1 million ounces, brought Akyem and the Phoenix Copper Leach operations into commercial production on time and on budget, and divested approximately $600 million in non-core assets in 2013. In addition, we recently improved our financial flexibility by modifying our dividend policy and receiving commitments to restructure our near-term debt maturities.”

Highlights for 2013 and fourth quarter

• Generated operating cash flow¹ of $1.6 billion in 2013, including $386 million in the fourth quarter;
• Reduced spending² by $966 million or 14 percent compared with 2012;
• Achieved a 6 percent reduction in gold all-in sustaining costs³ (“AISC”) per ounce for 2013 over 2012, including a 14 percent reduction in the fourth quarter of 2013 compared with the prior year quarter;
• Achieved adjusted net income⁴ of $695 million or $1.40 per basic share, which includes a negative impact of $1.11 per share related to impairments of stockpiles and ore on leach pads; GAAP reported net loss attributable to shareholders from continuing operations of $2.5 billion or loss per share of $5.06, primarily due to asset impairments as a direct result of changes in gold pricing assumptions;

• Delivered fourth quarter adjusted net income of $167 million or $0.33 per basic share which includes a negative impact of $0.48 per share related to impairments of stockpiles and ore on leach pads; GAAP reported net loss attributable to shareholders from continuing operations of $1.2 billion or loss per share of $2.34, primarily due to asset impairments as a direct result of changes in gold pricing assumptions;
• Commenced commercial production at Akyem in Ghana and Phoenix Copper Leach in Nevada, both on time and on budget;
• Sold non-core assets for a combined value of approximately $600 million; and
• Increased gold production to 1.4 million attributable ounces in the fourth quarter and 5.1 million attributable ounces in 2013, at the top end of the Company’s 2013 outlook.