Newmont Mining Corp (NEM) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Exhibit 99.1

Newmont Announces Full Year and Fourth Quarter 2018 Results

DENVER--(BUSINESS WIRE)--February 21, 2019--Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced full year and fourth quarter 2018 results.

Full Year 2018 Summary

• Net income: Delivered GAAP net income from continuing operations attributable to stockholders of $280 million or $0.53 per diluted share; delivered adjusted net income¹ of $718 million or $1.34 per diluted share, down $0.11 compared to the prior year
• EBITDA: Generated $2.6 billion in adjusted EBITDA², a decrease of two percent from the prior year
• Cash flow: Reported consolidated cash flow from continuing operations of $1.8 billion and free cash flow³ of $805 million
• Gold costs applicable to sales (CAS)⁴: Reported CAS of $708 per ounce, in line with the Company’s full year guidance
• Gold all-in sustaining costs (AISC)⁵: Reported AISC of $909 per ounce, beating the Company’s full year guidance
• Attributable gold production: Produced 5.1 million ounces of gold, in line with the Company’s full year guidance
• Portfolio improvements: Advanced Tanami Expansion 2 to definitive feasibility study and progressed the Tanami Power Project in Australia; completed the Cripple Creek & Victor (CC&V) concentrates project, reached commercial production at Twin Underground and Northwest Exodus, acquired 50 percent interest in Galore Creek, and progressed Long Canyon Phase 2 to feasibility study in North America; reached commercial production at Subika Underground, progressed the Ahafo Mill Expansion, and advanced Akyem Underground to prefeasibility study in Africa; reached first gold at Quecher Main, advanced Yanacocha Sulfides to definitive feasibility study, and completed the primary crusher at Merian in South America; divested royalty portfolio to Maverix Metals and formed strategic partnerships with Teck Resources Limited, Sumitomo Corporation, Evrim Resources, Miranda Gold and Orosur Mining.
• Financial strength: Ended the year with $3.4 billion cash on hand and net debt of $0.9 billion; an industry-leading balance sheet with investment-grade credit profile; declared dividends of $0.56 per share
• Outlook: Attributable production at 5.2 million ounces, CAS at $710 per ounce and AISC at $935 per ounce, unchanged from December 2018

“Newmont continued to deliver on its commitments in 2018, generating $2.6 billion in adjusted EBITDA and $805 million in free cash flow, and returning $400 million to shareholders through an industry-leading dividend and share repurchases,” said Gary J. Goldberg, Chief Executive Officer. “This performance gave us the means to complete expansions in the US and Africa, advance projects and exploration on four continents, and pursue an agreement to create the world’s leading gold business as measured by assets, people, prospects and value. Strong operational execution – including more than $600 million in Full Potential sustainable cost and efficiency gains and recognition for leading sustainability practices – was overshadowed, however, by the loss of seven colleagues during the year.”