CAUTIONARY STATEMENT

5/30/2003


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Table of Contents

PPT Slide

CAUTIONARY STATEMENT

AGENDA

Gold Fundamentals – Looking Back a Year

Gold Fundamentals – Looking Back a Year

Gold Fundamentals – Micro Declining Production

Gold Fundamentals – Micro Producer De-Hedging

Gold Fundamentals – Macro Interest Rates

Gold Fundamentals – Macro US Dollar

Gold Fundamentals – Macro Level of Indebtedness

Gold Fundamentals – Macro Paper vs. Hard Assets

Gold Fundamentals – Macro Reflation

Gold Fundamentals – Macro Recent Developments

Operations – Global Operations & Major Projects

Operations – 2002 Results

Operations – 2002 Results

Operations – Nevada

Operations – Peru: Yanacocha

Operations – Australia

Operations – Indonesia: Batu Hijau

Operations – Ghana

Exploration – 2002 Reserves

Operations – Newmont Capital

Operations – Newmont Capital

Operations – Australian Gold Hedge Books

Operations – 2003 Guidance

CONCLUSION

PPT Slide

SUPPLEMENTAL INFORMATION – Reconciliation of Costs Applicable to Sales to Total Cash Costs Per Ounce

SUPPLEMENTAL INFORMATION – Reconciliation of Costs Applicable to Sales to Net Cash Costs Per Pound

SUPPLEMENTAL INFORMATION – Reconciliation of Costs Applicable to Sales to Total Cash Costs Per Ounce

SUPPLEMENTAL INFORMATION – Reconciliation of Costs Applicable to Sales to Net Cash Costs Per Pound

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