February 21, 2013 - InfoMine
February 21, 2013 - InfoMine
February 21, 2013 - InfoMine
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Attributable measured and indicated gold resources for 2012 were 22.3 million ounces. In addition,<br />
attributable inferred gold resources were 17.9 million ounces. Attributable measured and indicated<br />
copper resources for 2012 were 2.2 billion pounds. In addition, attributable inferred copper resources<br />
were 970 million pounds. Gold and copper resources were calculated using prices of $1,600 per ounce<br />
and $3.50 per pound, respectively.<br />
Newmont Mining Corporation<br />
6363 South Fiddlers Green Circle<br />
Greenwood Village, CO 80111<br />
T 303.863.7414<br />
F 303.837.5837<br />
www.newmont.com<br />
Attributable proven and probable silver reserves for 2012 were 186 million ounces. Attributable<br />
measured and indicated silver resources for 2012 were 53 million ounces, with additional inferred silver<br />
resources of 35 million ounces. Silver reserves and resources were calculated using prices of $30 and<br />
$35 per ounce, respectively.<br />
Exploration: <strong>2013</strong> Planned Activity<br />
Newmont‟s <strong>2013</strong> attributable exploration budget is $249 million, with over 40% allocated to North<br />
America, and the balance split between Asia Pacific, Africa, South America, and other strategic programs,<br />
as shown in the chart below. Of the total attributable exploration budget, approximately three quarters is<br />
expected to be focused on brownfields exploration activity, with the balance targeted on greenfields<br />
programs.<br />
2012 Actual (US $M)- $331M<br />
<strong>2013</strong> Budget (US $M)- $249M<br />
$63<br />
(19%)<br />
$55<br />
(17%)<br />
$33 2<br />
(13%)<br />
$36<br />
(15%)<br />
$137<br />
(41%)<br />
$76<br />
(23%)<br />
$36<br />
(14%)<br />
$104<br />
(42%)<br />
$40<br />
(16%)<br />
2 <strong>2013</strong> Opportunity Fund budget to be allocated regionally to the highest ranking projects identified throughout the course of the year,<br />
consistent with prior year practice.<br />
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