(Source: Canada Newswire)

DENVER, Sept. 30 /CNW/ -- Newmont Mining Corporation (NYSE: NEM)
("Newmont" or "the Company") announced today the first gold pour at
its Boddington mine in Western Australia. In addition, the Company
has trucked its first shipment of copper concentrate from the mine
to the port in Bunbury. The event marked the commencement of gold
production at Boddington after the first production of copper
concentrate in August.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090930/LA84722)
At full production, Boddington will be Australia's largest gold
mine. Annual gold production is estimated at approximately one
million ounces a year for the first full five years with costs
applicable to sales of about US$300 per ounce (including copper
credits).
"The first gold pour is a significant milestone and an exciting
time for our Company," said Richard O'Brien, President and Chief
Executive Officer. "As we look to the future, the world-class
Boddington gold mine will prove to be a cornerstone asset, providing
a stable production base for many years. I am proud of the Company's
ongoing commitment and hard work, and am especially grateful for the
efforts of our development team for completing this state-of-the-
art facility while maintaining our industry leading safety
performance."
About Newmont Boddington Gold:
Newmont Boddington Gold is a large, open pit mine in Western
Australia located 130 kilometers southeast of Perth within the
Saddleback Greenstone Belt. Newmont believes Boddington has
significant exploration potential, with gold reserves increasing
from 16.6 million ounces in 2007 to 20.1 million ounces in 2008 (on
a 100% basis) and an expected mine life in excess of 24 years.
Cautionary Statement
This presentation contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the safe harbor created
by such sections and other applicable laws. Words such as
"expect(s)", "feel(s)", "believe(s)", "will", "may",
"anticipate(s)", "estimate(s)", "should", "intend(s)" and similar
expressions are intended to identify forward-looking statements.
Such forward-looking statements include, without limitation, (i)
estimates of future mineral production and sales; (ii) estimates of
future costs applicable to sales; (iii) estimates of future capital
expenditures, construction, and production activities; (iv)
statements regarding future exploration expenditures, results and
reserves; (vi) statements regarding potential cost savings,
productivity, operating performance, and cost structure; and (vii)
expectations regarding the start-up time, design, mine life, and
production of the Boddington project and other projects or
operations. Where the Company expresses or implies an expectation or
belief as to future events or results, such expectation or belief is
expressed in good faith and believed to have a reasonable basis.
However, forward-looking statements are subject to risks,
uncertainties and other factors, which could cause actual results to
differ materially from future results expressed, projected or
implied by such forward-looking statements. Such risks include, but
are not limited to, gold and other metals price volatility, currency
fluctuations, increased production costs and variances in ore grade
or recovery rates from those assumed in mining plans, political and
operational risks in the countries in which we operate, and
governmental regulation and judicial outcomes. For a more detailed
discussion of such risks and other factors, see the Company's 2008
Annual Report on Form 10-K, filed on February 19, 2009, Current
Report on Form 8-K filed on September 14, 2009, with the Securities
and Exchange Commission, as well as the Company's other SEC filings.
The Company does not undertake any obligation to release publicly
revisions to any "forward-looking statement," to reflect events or
circumstances after the date of this news release, or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws.
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