February 22, 2007 Slide 1

Fourth Quarter and Year End 2006 Fourth Quarter and Year End 2006

Earnings Conference CallEarnings Conference Call

Thursday, February 22, 2007Thursday, February 22, 2007

4:00 p.m. ET4:00 p.m. ET

February 22, 2007 Slide 2

Wayne W. MurdyChairman & Chief Executive Officer

Pierre LassondeVice Chairman, Board of Directors

Richard O’BrienSenior Vice President & Chief Financial Officer

Executive Speakers

February 22, 2007 Slide 3

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. Such forward-looking statements include, without limitation, (i) estimates of future gold and copper production and sales; (ii) estimates of future costs applicable to sales; (iii) estimates of future capital expenditures, royalty and dividend income, tax rates and expenses; (iv) estimates regarding timing of future development, construction, production or closure activities; (v) statements regarding future exploration results and the replacement of reserves; and (vi) statements regarding cost structure and competitive position. 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 2005 Annual Report on Form 10-K/A, filed October 26, 2006, which is on file 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.

February 22, 2007 Slide 4

Ongoing Leverage To Rising Gold Prices

$599 ~ Average Realized Gold Price +36% YoY

2005$322

2005$204

2005$62

2006$295

2006$223

2006$791

$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

YTD Cash Operating Margin($/oz)

Q4 Net income ($M) YTD Net income ($M)

U.S

. Dol

lars

($/o

z fo

r Mar

gin)

+260%

+146%

+44%

February 22, 2007 Slide 5

2006 Financial & Operating Summary

1. For items impacting Net income, please refer to the Company’s fourth quarter press release, issued February 22, 2007.2. Includes 17,400 and 100,300 ounces (consolidated and equity) for the quarter and year ended December 31, 2006, respectively, and 22,100 ounces sold

(consolidated and equity) for the quarter and year ended December 31, 2005, from Phoenix and Leeville start-up activities which are not included in Revenue, Costs applicable to sales and Depreciation, depletion and amortization per ounce calculations prior to commencing operations on October 1, 2006 and October 14, 2006, respectively. Revenues and costs during start-up are included in Other income, net.

3. Includes sales from the Holloway and Zarafshan discontinued operations.

$0.72$1.76$0.14$0.50Net income per common share

$322$791$62$223Net Income1

$237$304$232$322Costs applicable to sales ($/ounce)

$441$599$472$619Average realized gold price ($/ounce)

6,4935,8701,7991,716Equity gold sales (000 ounces)2, 3

8,4297,3612,4072,011Consolidated gold sales (000 ounces)2

YE 2005YE 2006Q4 2005Q4 2006Operating

$0.81$1.87$0.16$0.48Income from continuing operations per common share

$360$840$69$215Income from continuing operations

$1,243$1,237$489$435Net cash provided from continuing operations

$4,352$4,987$1,292$1,460Revenues

YE 2005YE 2006Q4 2005Q4 2006Financial (millions except per share)

February 22, 2007 Slide 6

$352

606

652

Q4 2005

$363

887

887

Q42006

$333$403Consolidated costs applicable to sales ($/ounce)

2,2872,427Equity gold sales (000 ounces)

2,4442,534Consolidated gold sales (000 ounces)

YE 2005

YE 2006NEVADA

Equity gold sales: 887,000 ounces (+46%)Commercial production at Phoenix and Leeville

Increase in mill throughput (+51%)

Higher average leach pad ore grade (+50%)

Lower mill ore grade (-27%)

Costs applicable to sales: $363/ounce (+3%)Higher labor and contracted services costs

Higher diesel and power prices

Fourth Quarter 2006Operating Results - Nevada

February 22, 2007 Slide 7

$145

546

1,063

Q4 2005

$244

225

439

Q4 2006

$147$193Consolidated costs applicable to sales ($/ounce)

1,7091,321Equity gold sales (000 ounces)

3,3282,572Consolidated gold sales (000 ounces)

YE 2005

YE 2006YANACOCHA

Fourth Quarter 2006Operating Results - Yanacocha

Equity gold sales: 225,000 ounces (-59%)

Lower ore grade (-46%)

Fewer tons mined and placed on leach pads (-33%)

Costs applicable to sales: $244/ounce (+68%)

Lower production and higher strip ratios

February 22, 2007 Slide 8

$315

397

397

Q4 2005

$387

347

347

Q4 2006

$317$384Consolidated costs applicable to sales ($/ounce)

1,6011,350Equity gold sales (000 ounces)

1,6011,350Consolidated gold sales (000 ounces)

YE 2005

YE 2006

AUSTRALIA/NEW ZEALAND

Fourth Quarter 2006 OperatingResults – Australia/New Zealand

Equity gold sales: 347,000 ounces (-13%)Fewer ore tons mined (-9%) and lower mill throughput (-7%)

Costs applicable to sales: $387/ounce (+23%)Lower production and higher commodity costs

$21/ounce increase from change in accounting for open pit waste removal

February 22, 2007 Slide 9

Fourth Quarter 2006Operating Results – Batu Hijau

3812309689Equity gold sales (000 ozs)

3032306878Equity copper sales (M lbs)

$152$209$162$192Consolidated costs applicable to sales ($/oz Au)

721435181169Consolidated gold sales (000 ozs)

$0.53$0.71$0.60$0.64Consolidated costs applicable to sales ($/lb Cu)

573435129147Consolidated copper sales (M lbs)

YE2005

YE 2006

Q4 2005

Q4 2006Batu Hijau

Equity copper sales: 78 million pounds (+14%) Higher tons mined (+46%)Higher copper ore grades (+35%)

Costs applicable to sales: $0.64/pound (+7%) and $192/ounce (+19%)Higher diesel, tire, labor and process maintenance costsPartially offset by an increase in by-product credits

Equity gold sales: 169,000 ounces (-7%)Lower average gold grades

February 22, 2007 Slide 10

Fourth Quarter 2006Operating Results – Ahafo

-202-125Equity gold sales (000 ozs)

-$297-$326Consolidated costs applicable to sales ($/oz)

-202-125Consolidated gold sales (000 ozs)

YE2005

YE 2006

Q4 2005

Q4 2006

Ahafo

Equity gold sales: 125,000 ouncesLimited ore throughput and mill processing due to power shortages

Longer-term and lower cost power solutions being considered

Temporary diesel generating capacity

Costs applicable to sales: $326/ounce2006 benefited from capitalization of pre-production costs

Power costs will increase 2007 Costs applicable to sales

February 22, 2007 Slide 11

Power Plant, NevadaConstruction approximately 37% completeTotal capital between $610 - $640 millionCompletion targeted for mid-2008

Gold Mill, Yanacocha in PeruConstruction approximately 38% completeTotal capital approximately $250 millionInitial production expected in 2008

Boddington Mine, AustraliaConstruction approximately 21% completeTotal capital approximating $0.9 - $1.1 billionInitial production expected in late 2008 or early 2009

Akyem Mine, GhanaDeferred pending permitting, optimization and feasibility studyAdditional exploration drilling data underwayDevelopment decision expected by end of 2007

2007 Project Development Update

February 22, 2007 Slide 12

Gold Reserves – Fifth ConsecutiveYear Of Growth

Proven and Probable Equity Gold Reserves

Actual 2005 Zarafshan Revisions Additions

93.2

Depletion

3.72.0

7.9 93.9

Actual 2006Acquisitions

7.4

1.5

80

85

90

95

Oun

ces

(mill

ions

)

February 22, 2007 Slide 13

2007 Exploration BudgetBudget by ProgramBudget by Location

Near Mine54%

Greenfields20%

OpportunityFund 9%

Tech Support/Management 9%

North America24%

Turkey 2%

West Africa 10%

Opportunity Fund& Support 21%

Australia 14%

South America 28%

China/SE Asia 2%

Diamonds 9%

Near-mine programs: Carlin Trend in Nevada, Mexico, Yanacocha in Peru, Sefwi Beltin Ghana, and Tanami in Australia

Greenfield projects: Guiana Shield in South America, Andes in Peru, and GreenstoneBelts in West Africa

February 22, 2007 Slide 14

2006 Merchant Banking Results

Royalty and Dividend IncomeRoyalty and Other Income: Record $120 million (+52% over 2005)

Equity Portfolio and Investment GrowthMarket value of marketable securities portfolio: $1.4 billionAlberta Heavy Oil Investment: $20 million investment $280 million sale proceedsCanadian Oil Sands Trust: $268 million investment $800 million market value

Other Assets$152 million investment in Shore Gold Inc.’s FALC – Diamond ProjectOther Assets - Iron Ore and Coal, Arctic Gas, Gold Refineries

February 22, 2007 Slide 15

0

10

20

30

40

50

1919 1927 1935 1943 1951 1959 1967 1975 1983 1991 1999 2007

Dow

/Gol

d

Dow Jones Average vs. Gold

Source: Bloomberg

Low of 1.33 in June 1980

High of 28.00 in January 1966

Low of 1.95 in February 1933

High of 18.44 in August 1929

3.5 Year Duration

14 Year Duration

High of 42.35 in August 1999

19.32 in January 2007

Paper vs. Hard AssetsLong-Term Trends

February 22, 2007 Slide 16

15

20

25

30

35

40

45

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

2002-2007 Stock Market “Rally” (Not Much of a Rally vs. Gold)

Source: Bloomberg & www.chartoftheday.com

Paper vs. Hard AssetsRecent Trends

Low of 15.90 in May 2006

High of 42.35 August 1999

February 22, 2007 Slide 17

0

7

14

21

28

35

42

49

70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06

Barrels of oil per ounce of gold

Last quarter: 2006-Q4Maximum 44.47

Minimum 6.95

Average 17.08

Today 11.51

1 St. Dev. (-6.97)

Source: Murenbeeld

Gold vs. OilLong-Term Trends

February 22, 2007 Slide 18

-100%

-50%

0%

50%

100%

150%

200%

250%

300%

2001 2002 2003 2004 2005 2006 2007

NEM Share $ S&P 500 Gold $

Newmont Performance2001 through 2006

February 22, 2007 Slide 19

Gold Price Leverage &Conclusions

$178 $187 $196 $216 $236$304

$93$126

$170$196 $205

$295

$271$313

$366$412

$441

$599

$-

$100

$200

$300

$400

$500

$600

$700

$800

2001 2002 2003 2004 2005 2006

CAS/Oz Operating Margin/Oz Realized Price/Oz

Expanding Margins, Earnings, and Gold Price Leverage