Australia – 2003 Forecast

Equity Total Gold Sales Cash Costs

(‘000oz) (US$/oz)

• Kalgoorlie (50%) 400 $277

• Pajingo (100%) 320 $130

• Tanami (100%)(1) 600 $245

• Yandal (100%) 575 $275

1,895 $241

(1) 100% of Tanami was attained in April 2003 prior to that Newmont’s equity interest was 87.45%

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