Newmont (NEM) 8-K Cost Associated with Exit or Disposal Activities

Exhibit 99.1

Newmont Mining Corporation

Pro-forma Condensed Consolidated Financial Statements (Unaudited)

On June 29, 2007, the Company’s board of directors adopted a plan to cease Merchant Banking activities. Merchant Banking previously provided advisory services to assist in managing the company’s portfolio of operating and property interests. Merchant Banking was also engaged in developing value optimization strategies for operating and non-operating assets, business development activities, potential merger and acquisition analysis and negotiations, monetizing inactive exploration properties, capitalizing on proprietary technology and know-how and acting as an internal resource for other corporate groups to improve and maximize business outcomes. As a result, the Company will record a $1,655 million non-cash impairment charge to write off the goodwill associated with the Merchant Banking Segment in the three-month period ended June 30, 2007. Additionally, the Company will reflect the Merchant Banking operations within discontinued operations in the June 30, 2007 statement of income (loss) as well as revise its income statements for prior periods accordingly.

The accompanying Pro-forma Condensed Consolidated Balance Sheet (Unaudited) at March 31, 2007 reflects the impact of the plan to discontinue the Merchant Banking Segment as if such decision had occurred effective March 31, 2007. The Pro-forma Condensed Consolidated Statements of Income (Unaudited) for the three-months ended March 31, 2007 and for the years ended December 31, 2006, 2005 and 2004 reflect reclassifications required to reflect the impact of the plan to discontinue the Merchant Banking Segment as if such decision had occurred effective January 1, 2004. These unaudited pro forma financial statements should be read in conjunction with the historical financial statements and notes thereto of Newmont Mining Corporation.

NEWMONT MINING CORPORATION

PRO-FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)

Three Months Ended March 31, 2007

(in millions except per share)

	As previously reported			Pro-forma adjustments (1)			After pro-forma adjustments
Revenues
Sales - gold, net	$	1,043					$	1,043
Sales - copper, net		213						213
		1,256			—			1,256
Costs and expenses
Costs applicable to sales (exclusive of depreciation, depletion and amortization shown separately below)
Gold		676						676
Copper		128						128
Depreciation, depletion and amortization		192			(4	)		188
Exploration		40						40
Advanced projects, research and development		18			(4	)		14
General and administrative		37						37
Other expense, net		22			(1	)		21
		1,113			(9	)		1,104
Other income (expense)
Other income, net		67			(58	)		9
Interest expense, net		(24	)					(24	)
		43			(58	)		(15	)
Income from continuing operations before income tax expense, minority interest and equity income of affiliates		186			(49	)		137
Income tax expense		(62	)		7			(55	)
Minority interest in income of subsidiaries		(56	)					(56	)
Equity income of affiliates		—						—
Income from continuing operations (2)	$	68		$	(42	)	$	26
Income from continuing operations per common share
Basic:	$	0.15					$	0.06
Diluted:	$	0.15					$	0.06
Basic weighted-average common shares outstanding		451						451
Diluted weighted-average common shares outstanding		452						452

(1) - Historical income and expenses of the Merchant Banking Segment.

(2) - The results of operations for the Merchant Banking Segment have been removed from the pro-forma income statement. A $1,665 million goodwill impairment charge has not been included in the pro-forma income statement but will be reflected in the June 30, 2007 income statement.

NEWMONT MINING CORPORATION

PRO-FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)

Year Ended December 31, 2006

(in millions except per share)

	As previously reported			Pro-forma adjustments (1)			After pro-forma adjustments
Revenues
Sales - gold, net	$	4,316					$	4,316
Sales - copper, net		671						671
		4,987			—			4,987
Costs and expenses
Costs applicable to sales (exclusive of depreciation, depletion and amortization shown separately below)
Gold		2,207						2,207
Copper		308						308
Depreciation, depletion and amortization		636			(19	)		617
Exploration		170						170
Advanced projects, research and development		94			(14	)		80
General and administrative		149						149
Other expense, net		152			(6	)		146
		3,716			(39	)		3,677
Other income (expense)
Other income, net		451			(433	)		18
Interest expense, net		(97	)					(97	)
		354			(433	)		(79	)
Income from continuing operations before income tax expense, minority interest and equity income of affiliates		1,625			(394	)		1,231
Income tax expense		(424	)		81			(343	)
Minority interest in income of subsidiaries		(363	)					(363	)
Equity income of affiliates		2						2
Income from continuing operations (2)	$	840		$	(313	)	$	527
Income from continuing operations per common share
Basic:	$	1.87					$	1.17
Diluted:	$	1.86					$	1.17
Basic weighted-average common shares outstanding		450						450
Diluted weighted-average common shares outstanding		452						452

(1) - Historical income and expenses of the Merchant Banking Segment.

(2) - The results of operations for the Merchant Banking Segment have been removed from the pro-forma income statement. A goodwill impairment charge has not been included in the pro-forma income statement but will be reflected in the June 30, 2007 income statement.

NEWMONT MINING CORPORATION

PRO-FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)

Year Ended December 31, 2005

(in millions except per share)

	As previously reported			Pro-forma adjustments (1)			After pro-forma adjustments
Revenues
Sales - gold, net	$	3,680					$	3,680
Sales - copper, net		672						672
		4,352			—			4,352
Costs and expenses
Costs applicable to sales (exclusive of depreciation, depletion and amortization shown separately below)
Gold		1,990						1,990
Copper		303						303
Depreciation, depletion and amortization		635			(21	)		614
Exploration		147						147
Advanced projects, research and development		73			(16	)		57
General and administrative		134						134
Other expense, net		196			(1	)		195
		3,478			(38	)		3,440
Other income (expense)
Other income, net		269			(174	)		95
Interest expense, net		(97	)					(97	)
		172			(174	)		(2	)
Income from continuing operations before income tax expense, minority interest and equity income of affiliates		1,046			(136	)		910
Income tax expense		(310	)		9			(301	)
Minority interest in income of subsidiaries		(380	)					(380	)
Equity income of affiliates		4						4
Income from continuing operations(2)	$	360		$	(127	)	$	233
Income from continuing operations per common share
Basic:	$	0.81					$	0.52
Diluted:	$	0.80					$	0.52
Basic weighted-average common shares outstanding		446						446
Diluted weighted-average common shares outstanding		449						449

(1) - Historical income and expenses of the Merchant Banking Segment.

(2) - The results of operations for the Merchant Banking Segment have been removed from the pro-forma income statement. A goodwill impairment charge has not been included in the pro-forma income statement but will be reflected in the June 30, 2007 income statement.

NEWMONT MINING CORPORATION

PRO-FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)

Year Ended December 31, 2004

(in millions except per share)

	As previously reported			Pro-forma adjustments (1)			After pro-forma adjustments
Revenues
Sales - gold, net	$	3,540					$	3,540
Sales - copper, net		786						786
		4,326			—			4,326
Costs and expenses
Costs applicable to sales (exclusive of depreciation, depletion and amortization shown separately below)
Gold		1,878						1,878
Copper		305						305
Depreciation, depletion and amortization		652			(24	)		628
Exploration		107						107
Advanced projects, research and development		80			(7	)		73
General and administrative		116						116
Other expense, net		125			(4	)		121
		3,263			(35	)		3,228
Other income (expense)
Other income, net		102			(41	)		61
Interest expense, net		(97	)					(97	)
		5			(41	)		(36	)
Income from continuing operations before income tax expense, minority interest and equity income of affiliates		1,068			(6	)		1,062
Income tax expense		(324	)					(324	)
Minority interest in income of subsidiaries		(335	)					(335	)
Equity income of affiliates		2						2
Income from continuing operations(2)	$	411		$	(6	)	$	405
Income from continuing operations per common share
Basic:	$	0.93					$	0.91
Diluted:	$	0.92					$	0.91
Basic weighted-average common shares outstanding		443						443
Diluted weighted-average common shares outstanding		447						447

(1) - Includes historical income and expenses of the Merchant Banking Segment.

(2) - The results of operations for the Merchant Banking Segment have been removed from the pro-forma income statement. A goodwill impairment charge has not been included in the pro-forma income statement but will be reflected in the June 30, 2007 income statement.

NEWMONT MINING CORPORATION

PRO-FORMA CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

At March 31, 2007

(in millions)

	As previously reported		Pro-forma adjustments		After pro-forma adjustments
ASSETS
Cash and cash equivalents	$	786			$	786
Marketable securities and other short-term investments(3)		130	754			884
Trade receivables		275	—			275
Accounts receivable		142	(10	)		132
Inventories		381				381
Stockpiles and ore on leach pads		353				353
Deferred income tax assets		149	(2	)		147
Other current assets		79				79
Current assets		2,295	742			3,037
Property, plant and mine development, net		7,036	(249	)		6,787
Investments(3)		1,230	(761	)		469
Long-term stockpiles and ore on leach pads		805				805
Deferred stripping costs		—				—
Deferred income tax assets		638				638
Other long-term assets		185				185
Goodwill (1)		2,986	(1,665	)		1,321
Assets of operations held for sale(2)		—	268			268
Total assets	$	15,175	(1,665	)	$	13,510
LIABILITIES
Current portion of long-term debt	$	164			$	164
Accounts payable		291				291
Employee-related benefits		161				161
Derivative instruments		41				41
Income and mining taxes		334	(51	)		283
Other current liabilities		475	(2	)		473
Current liabilities		1,466	(53	)		1,413
Long-term debt		1,726				1,726
Reclamation and remediation liabilities		528				528
Deferred income tax liabilities		569	(175	)		394
Employee-related benefits		310				310
Other long-term liabilities		226	(62	)		164
Liabilities of operations held for sale(2)		—	290			290
Total liabilities		4,825	—			4,825
Minority interest in subsidiaries		1,163				1,163
STOCKHOLDERS’ EQUITY
Common stock		680				680
Additional paid-in capital		6,726				6,726
Accumulated other comprehensive income		582				582
Retained earnings (deficit)(1)		1,199	(1,665	)		(466	)
Total stockholders’ equity		9,187	(1,665	)		7,522
Total liabilities and stockholders’ equity	$	15,175	(1,665	)	$	13,510

(1) - Includes Merchant Banking Segment $1,665 million goodwill impairment.

(2) - Includes historical net assets or liabilities of the Merchant Banking Segment after a $1,665 million goodwill impairment charge.

(3) - Includes reclassification of marketable equity securities expected to be sold within twelve months.