Australia – 2003 Forecast Sales
Gold sales (million ounces) 1.69 1.45 1.90
Total cash costs (US$/ounce) (1,2) $191 $237 $241
26% of Newmont’s Equity Gold Sales
(1) For a reconciliation of net cash costs per pound (a non-GAAP measure of performance) to costs applicable to sales calculated and presented under GAAP, please refer to the Supplemental Information attached.
(2) Note that movement between 2002 and 2003 cash costs are largely as a result of AUD/USD exchange rate movements.