Hope_Bay_2011
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Transcript of Hope_Bay_2011
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Phase 1 Phase 2 Phase 3
Initial Doris North Undergrounddevelopment Potential to develop known and expandedresources with ongoing district explorationand discovery
Develop ull district potential
Details
Underground decline to prove mineralcontinuity and operating costs at DorisNorth
Initial underground production Ongoing resource development and dis-
trict exploration
Details
Develop additional resources Establish additional inrastructure required
to develop district Acquire permits as needed
Details
Explore 45+ identied targets Dene additional development phases t
realize district value
Overview
Located in Northern Canada, Hope Bay is an 80 km district
with up to 9 Moz gold potential in the Canadian Arctic and
is one o the last known undeveloped greenstone belts in
the world. Newmont controls 100 percent o the belt and
exploration success over the last ew years continues to
conrm the districts signicant long-term potential.
During the rst phase o project development, Newmont
is moving orward with the initial development o the Doris
North underground mine. This phase will consist o an
underground decline providing access or test stoping
and development drilling. Exploration across the belt and
development o other known deposits will continue in
parallel, along with permitting activities or potential uture
stages.
I results rom initial underground development and drilling
are positive, we will advance to operations and Phase
II development, which will potentially include multiple
operations at deposits such as Patch 14 (Madrid) and Doris
Central.
www.newmont.com
A Phased Approach to Sustainable Production:
Hope Bay
Hope Bay is an 80 km district with up to 9 Moz gold potential in
the Canadian Arctic.
Published: February, 2011
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www.newmont.com
Newmont Contact Information
Investor Contact:
John Seaberg, 303.837.5743Media Contacts:
Omar Jabara, 303.837.5114
Chris Hanks, 720.917.4489
About Newmont
Founded in 1921 and publicly traded since 1925, Newmont(www.Newmont.com) is one o the largest gold companies inthe world. Headquartered in Denver, Colorado, the companyhas approximately 34,000 employees and contractors, with themajority working at Newmonts core operations in the UnitedStates, Australia, Peru, Indonesia and Ghana. Newmont is theonly gold company listed in the S&P 500 index and in 2007became the rst gold company selected to be part o the Dow
Jones Sustainability World Index. Newmonts industry leadingperormance is refected through high standards in environmentalmanagement, health and saety or its employees and creatingvalue and opportunity or host communities and shareholders.
Health & Safety Highlights:
Over 2 million man hours without a reportable lost timeaccident
Assisting local communities in health and saety initiatives/emergency response
Saety is embedded in our culture. Our goal is to alwayschallenge and motivate our workorce to make saety personal
Community & Environmental Highlights:
Over 50% o spending allocated to locally owned Inuitcompanies, maximizing Inuit employment
Creating new programs (drill operators, geo-technicians)
Creating local small business/employment opportunities (e.g.core box assembly)
Proactively implementing best practices to ensure a positiveenvironmental legacy
Recipient o 2010 Murray Pyke award. Recognized orbusiness creation or Northern Canadian companies
2011 Program:
Canadian Arctic sealit to advance development:
~ 6,000 tons o cargo
Exploration & resource development:
90 km o surace drilling
10km underground drilling
Continued underground development at Doris North
Project Inrastructure Construction
Camp and inrastructure expansion
Frozen core dam
Civil works
Hope Bay sta assisting local Search and Rescue Squad during
2009 operation
1 No ounces in reserves or NRM at Hope Bay as o 12/31/2010
Hope Bay
Cautionary Statement: This document contains orward-looking statements, which are intended to be covered by the sae harbor created by U.S. ederal securities laws and other applicable laws, including,without limitation, estimates o potential mineralization, mine size and unding costs, as well as expectations regarding the development, exploration and mine lie. Forward-looking statements are subject to risksand uncertainties, which could cause actual results to dier materially rom uture projected or implied results. Estimates o gold potential have not been prepared in accordance with Industry Guide 7 or CanadianNI 43-101 and are subject to urther exploration and development. As such, they are highly speculative and may not be converted to uture reserves. Even i signicant mineralization is discovered and converted toreserves, it may take many years rom the initial phases o exploration to development and ultimately to production, during which time the economic easibility o production may change. Further project developmentwill depend upon whether uture operating cash fow and other sources o unding are sucient to und project. For a more detailed description o relevant actors, please see our 2010 Annual Report on Form 10-K,led on February 24, 2011, with the SEC, as well as our other SEC lings. We do not undertake any obligation to update any orward-looking statements, except as may be required under applicable securities laws.
Project Information
Location Canada (AAA-rated)
Local Government Area Nunavut
Mining Claim Size 80 km greenstone beltOwnership 100%
Product Gold
Potential Up to 9 Moz1
2011 Program Funding Approx. $310 million USD
Current Employment 400