þ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Delaware
(State or Other Jurisdiction of Incorporation or Organization) |
84-1611629
(I.R.S. Employer Identification No.) |
|
6363 South Fiddlers Green Circle
Greenwood Village, Colorado (Address of Principal Executive Offices) |
80111
(Zip Code) |
Large accelerated filer þ | Accelerated filer o | Non-accelerated filer o | Smaller reporting company o | |||
(Do not check if a smaller
reporting company) |
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Exhibit 3.1 | ||||||||
Exhibit 3.5 | ||||||||
Exhibit 12.1 | ||||||||
Exhibit 31.1 | ||||||||
Exhibit 31.2 | ||||||||
Exhibit 32.1 | ||||||||
Exhibit 32.2 | ||||||||
EX-101 INSTANCE DOCUMENT | ||||||||
EX-101 SCHEMA DOCUMENT | ||||||||
EX-101 CALCULATION LINKBASE DOCUMENT | ||||||||
EX-101 LABELS LINKBASE DOCUMENT | ||||||||
EX-101 PRESENTATION LINKBASE DOCUMENT | ||||||||
EX-101 DEFINITION LINKBASE DOCUMENT |
i
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
ITEM 1.
FINANCIAL STATEMENTS.
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
1,653
$
1,281
$
4,401
$
4,094
396
90
786
705
2,049
1,371
5,187
4,799
694
692
1,983
1,969
71
88
217
342
199
186
566
548
8
7
25
23
55
57
147
154
27
44
100
113
39
37
118
103
67
69
259
249
1,160
1,180
3,415
3,501
25
66
43
100
(10
)
(35
)
(65
)
(98
)
15
31
(22
)
2
904
222
1,750
1,300
(253
)
(6
)
(494
)
(193
)
(6
)
(1
)
(14
)
(6
)
645
215
1,242
1,101
7
(14
)
17
645
222
1,228
1,118
(257
)
(31
)
(489
)
(291
)
$
388
$
191
$
739
$
827
$
388
$
182
$
748
$
809
9
(9
)
18
$
388
$
191
$
739
$
827
$
0.79
$
0.40
$
1.54
$
1.78
0.02
(0.02
)
0.04
$
0.79
$
0.42
$
1.52
$
1.82
$
0.79
$
0.40
$
1.54
$
1.77
0.02
(0.02
)
0.04
$
0.79
$
0.42
$
1.52
$
1.81
490
454
485
454
491
455
486
456
$
0.10
$
0.10
$
0.30
$
0.30
(1)
Exclusive of Amortization and Accretion.
Table of Contents
(unaudited, in millions)
At September 30,
At December 31,
2009
2008
$
3,022
$
435
19
12
280
104
114
214
479
507
354
290
189
284
581
455
5,038
2,301
12,150
10,128
1,069
655
1,411
1,136
999
1,039
261
207
188
188
31
73
$
21,147
$
15,727
$
225
$
165
338
411
201
170
211
61
1,226
770
2,201
1,577
4,698
3,072
724
699
1,229
1,051
377
379
236
252
13
36
9,478
7,066
768
709
8,060
6,831
454
(253
)
641
4
9,923
7,291
1,746
1,370
11,669
8,661
$
21,147
$
15,727
Table of Contents
(unaudited, in millions)
Nine Months Ended
September 30,
2009
2008
$
1,228
$
1,118
566
548
14
(17
)
34
30
7
(222
)
6
90
44
38
(3
)
(70
)
74
77
73
(27
)
(494
)
1,946
1,168
3
(105
)
1,949
1,063
(1,314
)
(1,350
)
(18
)
10
50
(766
)
(325
)
(18
)
26
(2,088
)
(1,617
)
(11
)
(2,088
)
(1,628
)
4,302
2,801
(2,604
)
(2,249
)
(147
)
(136
)
(115
)
(247
)
1,248
27
5
19
2,689
215
(2
)
(3
)
2,687
212
39
(24
)
2,587
(377
)
435
1,230
$
3,022
$
853
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
At September 30, 2009
At December 31, 2008
Convertible Senior Notes Due
Convertible Senior Notes Due
2012
2014
2017
2012
2014
2017
$
46
$
97
$
123
$
$
97
$
123
$
518
$
575
$
575
$
$
575
$
575
(60
)
(112
)
(162
)
(127
)
(174
)
$
458
$
463
$
413
$
$
448
$
401
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
At December 31,
2008
$
7
(31
)
28
$
4
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
11
$
1
$
24
$
3
2
16
18
29
6
5
18
15
3
3
10
10
1
1
9
1
2
2
5
5
6
1
19
2
10
15
31
$
27
$
44
$
100
$
113
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
$
$
67
$
14
10
40
31
12
15
33
47
18
2
27
15
8
4
19
15
15
3
2
9
7
3
2
9
7
2
3
8
8
13
74
1
12
11
11
7
6
32
22
$
67
$
69
$
259
$
249
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
7
$
36
$
16
$
91
9
2
13
2
2
7
11
24
2
19
2
29
2
(7
)
(20
)
32
32
3
12
(1
)
3
(5
)
5
(34
)
(6
)
(90
)
4
5
12
15
$
25
$
66
$
43
$
100
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
5
$
4
$
14
$
12
8
7
24
22
(8
)
(7
)
(22
)
(21
)
1
4
11
2
$
9
$
4
$
28
$
15
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
1
$
$
2
$
1
1
1
4
3
(1
)
$
2
$
1
$
6
$
3
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
3
$
5
$
11
$
13
3
6
2
3
10
8
1
3
4
$
8
$
9
$
30
$
25
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
$
21
$
32
$
58
$
$
(19
)
$
1
$
(7
)
(44
)
5
1
(19
)
(43
)
(1
)
26
29
18
$
$
7
$
(14
)
$
17
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
At September 30,
At December 31,
2009
2008
$
$
9
12
43
4
31
2
3
$
31
$
73
$
$
4
1
8
17
13
6
$
13
$
36
Nine Months Ended
September 30,
2009
2008
$
(14
)
$
17
44
7
3
7
(30
)
(1
)
1
15
(8
)
(143
)
$
3
$
(105
)
$
$
(5
)
(6
)
$
$
(11
)
$
(2
)
$
(3
)
$
(2
)
$
(3
)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
156
$
(17
)
$
248
$
103
99
49
243
188
2
(1
)
(2
)
$
257
$
31
$
489
$
291
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
388
$
182
$
748
$
809
9
(9
)
18
$
388
$
191
$
739
$
827
490
454
485
454
1
1
1
2
491
455
486
456
$
0.79
$
0.40
$
1.54
$
1.78
0.02
(0.02
)
0.04
$
0.79
$
0.42
$
1.52
$
1.82
$
0.79
$
0.40
$
1.54
$
1.77
0.02
(0.02
)
0.04
$
0.79
$
0.42
$
1.52
$
1.81
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
645
$
222
$
1,228
$
1,118
120
(481
)
312
(77
)
118
(103
)
207
(120
)
3
1
6
9
77
(106
)
163
(55
)
(5
)
(2
)
19
(10
)
72
(108
)
182
(65
)
313
(691
)
707
(253
)
$
958
$
(469
)
$
1,935
$
865
$
700
$
(498
)
$
1,444
$
576
258
29
491
289
$
958
$
(469
)
$
1,935
$
865
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Nine Months Ended
September 30,
2009
2008
$
709
$
696
55
2
2
2
6
768
704
6,831
6,916
1,178
46
(45
)
(136
)
53
71
(3
)
(7
)
8,060
6,844
(253
)
957
707
(253
)
454
704
4
(809
)
739
827
(102
)
641
18
1,370
1,449
489
291
(115
)
(247
)
2
(2
)
(39
)
24
1,746
1,476
$
11,669
$
9,746
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
$
742
240
62
$
1,044
$
1
1,073
7
28
11
$
1,120
$
33
15
28
76
$
1,044
Level 1
Unadjusted quoted prices in active markets that are accessible at the
measurement date for identical, unrestricted assets or liabilities;
Level 2
Quoted prices in markets that are not active, or inputs that are observable,
either directly or indirectly, for substantially the full term of the asset or
liability; and
Level 3
Prices or valuation techniques that require inputs that are both significant
to the fair value measurement and unobservable (supported by little or no market
activity).
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Fair Value at September 30, 2009
Total
Level 1
Level 2
Level 3
$
1,733
$
1,733
$
$
1,029
1,029
10
10
18
18
5
5
191
191
149
149
$
3,135
$
2,963
$
149
$
23
$
97
$
$
97
$
62
62
$
159
$
$
97
$
62
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Boddington
Auction Rate
Asset Backed
Contingent
Securities
Commercial Paper
Consideration
Total
$
5
$
22
$
$
27
(4
)
(4
)
62
62
$
5
$
18
$
62
$
85
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Expected Maturity Date
Total/
2009
2010
2011
2012
Average
$
6
$
$
$
$
6
10,584
10,584
63,501
63,501
$
118
$
489
$
275
$
61
$
943
0.77
0.76
0.72
0.73
0.75
154
644
379
83
1,260
$
12
$
28
$
6
$
$
46
0.64
0.62
0.63
0.63
19
46
9
74
$
25
$
$
$
$
25
0.80
0.80
31
31
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Expected Maturity Date
Total/
2009
2010
2011
Average
$
12
$
33
$
9
$
54
1.78
1.90
2.07
1.90
7
17
4
28
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Fair Values of Derivative Instruments
At September 30, 2009
Other
Other
Other
Other
Current
Long-Term
Current
Long-Term
Assets
Assets
Liabilities
Liabilities
$
1
$
$
$
5
1
72
59
2
1
2
6
$
82
$
67
$
$
Fair Values of Derivative Instruments
At December 31, 2008
Other
Other
Other
Other
Current
Long-Term
Current
Long-Term
Assets
Assets
Liabilities
Liabilities
$
$
$
4
$
5
1
3
1
87
42
1
15
2
7
$
6
$
8
$
111
$
43
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Foreign Currency
Treasury Rate
Exchange Contracts
Diesel Forward Contracts
Lock Contracts
2009
2008
2009
2008
2009
2008
$
102
$
(148
)
$
(1
)
$
(5
)
$
11
$
2
2
(2
)
$
104
$
(146
)
$
(3
)
$
(5
)
$
11
$
$
220
$
(74
)
$
3
$
(3
)
$
11
$
(28
)
8
(13
)
$
192
$
(66
)
$
(10
)
$
(3
)
$
11
$
(1)
The gain (loss) for the effective portion of foreign exchange and diesel cash flow
hedges reclassified from
Accumulated other comprehensive income
is recorded in
Costs
applicable to sales
. The gain for the effective portion of treasury rate lock cash flow hedges
reclassified from
Accumulated other comprehensive income
is recorded in
Interest expense, net
.
Interest Rate
8 5/8% Debentures
Swap Contracts
(Hedged Portion)
2009
2008
2009
2008
Fair value hedging relationships:
$
1
$
$
(1
)
$
(1
)
(1
)
3
$
$
$
(1
)
$
2
$
3
$
1
$
(2
)
$
(2
)
(2
)
(3
)
5
$
1
$
1
$
(5
)
$
3
(1)
The gain (loss) recognized for the effective portion of fair value hedges and the
underlying hedged debt is included in
Interest expense, net
.
(2)
The ineffective portion recognized for fair value hedges and the underlying hedged
debt is included in
Other income, net
.
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
At September 30, 2009
Cost/Equity
Unrealized
Fair/Equity
Basis
Gain
Loss
Basis
$
8
$
11
$
$
19
$
25
$
$
(7
)
$
18
7
(2
)
5
8
2
10
40
2
(9
)
33
285
593
878
72
29
101
4
14
18
9
4
13
370
640
1,010
7
7
19
19
$
436
$
642
$
(9
)
$
1,069
At December 31, 2008
Cost/Equity
Unrealized
Fair/Equity
Basis
Gain
Loss
Basis
$
14
$
1
$
(3
)
$
12
$
25
$
$
(3
)
$
22
7
(2
)
5
32
(5
)
27
251
283
534
64
64
6
6
8
(3
)
5
329
283
(3
)
609
7
7
12
12
$
380
$
283
$
(8
)
$
655
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Less than 12 Months
12 Months or Greater
Total
Unrealized
Unrealized
Unrealized
At September 30, 2009
Fair Value
Losses
Fair Value
Losses
Fair Value
Losses
$
18
$
7
$
$
$
18
$
7
5
2
5
2
$
18
$
7
$
5
$
2
$
23
$
9
Less than 12 Months
12 Months or Greater
Total
Unrealized
Unrealized
Unrealized
At December 31, 2008
Fair Value
Losses
Fair Value
Losses
Fair Value
Losses
$
6
$
6
$
$
$
6
$
6
22
3
22
3
5
2
5
2
$
28
$
9
$
5
$
2
$
33
$
11
At September 30,
At December 31,
2009
2008
$
70
$
53
12
54
15
20
382
380
$
479
$
507
At September 30,
At December 31,
2009
2008
$
158
$
117
196
173
$
354
$
290
$
1,113
$
872
298
264
$
1,411
$
1,136
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
At September 30,
At December 31,
2009
2008
$
355
$
168
82
6
64
43
11
8
11
187
58
43
$
581
$
455
$
67
$
8
53
29
30
33
19
19
15
17
13
26
11
13
53
62
$
261
$
207
At September 30, 2009
At December 31, 2008
Current
Non-Current
Current
Non-Current
$
24
$
164
$
24
$
188
219
214
757
458
463
448
413
401
896
597
597
1,087
87
176
87
219
72
18
14
52
14
62
4
96
100
10
70
9
66
14
7
13
20
$
225
$
4,698
$
165
$
3,072
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
At September 30,
At December 31,
2009
2008
$
355
$
168
292
214
107
133
137
53
58
53
35
33
28
19
18
10
39
8
8
111
56
61
$
1,226
$
770
$
120
$
167
62
43
54
42
$
236
$
252
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Nine Months Ended
September 30,
2009
2008
$
757
$
672
21
57
(35
)
(83
)
34
30
$
777
$
676
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
7
$
7
$
21
$
18
8
7
25
23
3
2
9
7
13
74
$
18
$
29
$
55
$
122
Nine Months Ended
September 30,
2009
2008
$
200
$
25
(249
)
(236
)
(179
)
(47
)
4
(112
)
53
(88
)
179
47
(35
)
(83
)
$
(27
)
$
(494
)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Costs
Advanced
Applicable to
Projects and
Pre-Tax
Three Months Ended September 30, 2009
Sales
Sales
Amortization
Exploration
Income
$
481
$
273
$
69
$
13
$
118
3
20
(24
)
23
8
2
1
12
(2
)
504
281
74
34
104
535
163
43
6
299
1
(2
)
535
163
43
7
297
12
(11
)
282
152
32
6
77
282
152
32
18
66
201
37
10
396
71
18
597
108
28
445
1
4
(17
)
879
260
61
22
494
131
61
17
4
44
4
15
(35
)
$
2,049
$
765
$
199
$
82
$
904
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Costs
Advanced
Applicable to
Projects and
Pre-Tax
Three Months Ended September 30, 2008
Sales
Sales
Amortization
Exploration
Income
$
471
$
271
$
65
$
13
$
109
21
(21
)
19
9
2
2
6
1
6
(9
)
490
280
68
42
85
378
159
43
7
157
8
21
378
159
43
15
178
2
(7
)
273
178
33
7
66
273
178
33
9
59
23
20
4
90
88
16
113
108
20
2
(43
)
6
(19
)
386
286
53
17
(3
)
117
55
16
12
29
6
15
(67
)
$
1,371
$
780
$
186
$
101
$
222
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Costs
Advanced
Nine Months Ended
Applicable to
Projects and
Pre-Tax
Total
Capital
September 30, 2009
Sales
Sales
Amortization
Exploration
Income
Asset
(1)
Expenditures
(2)
$
1,321
$
764
$
183
$
40
$
309
$
3,215
$
154
9
56
(64
)
1,818
4
75
30
7
2
36
116
34
1
(6
)
55
1,396
794
199
99
275
5,204
192
1,451
488
128
16
747
2,182
94
15
(13
)
28
1,451
488
128
31
734
2,210
94
29
(87
)
3,832
961
814
438
94
18
243
843
75
814
438
94
47
156
4,675
1,036
358
88
23
786
217
55
1,144
305
78
713
3,024
30
2
9
(32
)
215
2
1,958
743
174
56
837
7,914
1,068
382
175
51
16
128
1,163
46
14
45
(224
)
4,656
12
$
5,187
$
2,200
$
566
$
247
$
1,750
$
21,147
$
1,412
(1)
Corporate and Other includes $31 of Assets held for sale (Note 9).
(2)
Accrual basis; includes increase in accrued capital of $98. Consolidated capital
expenditures on a cash basis were $1,314.
(2)
Accrual basis; includes increase in accrued capital of $98. Consolidated capital
expenditures on a cash basis were $1,314.
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Costs
Advanced
Nine Months Ended
Applicable to
Projects and
Pre-Tax
Total
Capital
September 30, 2008
Sales
Sales
Amortization
Exploration
Income
Assets
(1)
Expenditures
(2)
$
1,457
$
724
$
175
$
35
$
495
$
3,249
$
227
43
(43
)
1,848
63
64
27
6
4
27
88
17
1
21
(27
)
196
1,521
751
182
103
452
5,381
307
1,265
488
131
20
571
2,047
126
25
5
38
1,265
488
131
45
576
2,085
126
7
(8
)
1,557
604
815
504
89
19
203
836
97
815
504
89
26
195
2,393
701
171
76
15
705
342
67
876
418
82
2
315
2,322
65
2
13
(82
)
99
1
1,691
922
173
41
428
4,814
767
321
150
47
33
90
1,188
77
1
15
45
(246
)
3,115
6
$
4,799
$
2,311
$
548
$
267
$
1,300
$
16,583
$
1,283
(1)
Corporate and Other includes $82 of Assets held for sale.
(2)
Accrual basis; includes increase in accrued capital of $67. Consolidated capital
expenditures on a cash basis were $1,350.
At September 30,
At December 31,
2009
2008
$
188
$
188
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Three Months Ended September 30, 2009
Newmont
Newmont
Mining
Mining
Newmont
Other
Corporation
Condensed Consolidating Statement of Income
Corporation
USA
Subsidiaries
Eliminations
Consolidated
$
$
1,240
$
413
$
$
1,653
396
396
1,636
413
2,049
480
219
(5
)
694
71
71
146
54
(1
)
199
6
2
8
26
29
55
11
17
(1
)
27
31
1
7
39
34
33
67
805
355
1,160
(2
)
(1
)
28
25
17
1
3
(21
)
(2
)
(19
)
21
3
(12
)
(1
)
(10
)
16
(12
)
11
15
16
819
69
904
11
(250
)
(14
)
(253
)
361
(3
)
48
(412
)
(6
)
388
566
103
(412
)
645
388
566
103
(412
)
645
(257
)
(16
)
16
(257
)
$
388
$
309
$
87
$
(396
)
$
388
(1)
Exclusive of Amortization and Accretion.
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Three Months Ended September 30, 2008
Newmont
Newmont
Mining
Mining
Newmont
Other
Corporation
Condensed Consolidating Statement of Income
Corporation
USA
Subsidiaries
Eliminations
Consolidated
$
$
890
$
391
$
$
1,281
90
90
980
391
1,371
460
237
(5
)
692
88
88
135
51
186
5
2
7
34
23
57
14
31
(1
)
44
29
2
6
37
1
52
16
69
1
817
362
1,180
(24
)
39
51
66
77
2
(79
)
(2
)
(77
)
79
(16
)
(19
)
(35
)
35
22
(26
)
31
34
185
3
222
16
(32
)
10
(6
)
134
3
17
(155
)
(1
)
184
156
30
(155
)
215
7
(9
)
9
7
191
147
30
(146
)
222
(33
)
(5
)
7
(31
)
$
191
$
114
$
25
$
(139
)
$
191
(1)
Exclusive of Amortization and Accretion.
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Nine Months Ended September 30, 2009
Newmont
Newmont
Mining
Mining
Newmont
Other
Corporation
Condensed Consolidating Statement of Income
Corporation
USA
Subsidiaries
Eliminations
Consolidated
$
$
3,205
$
1,196
$
$
4,401
786
786
3,991
1,196
5,187
1,370
630
(17
)
1,983
217
217
408
159
(1
)
566
19
6
25
74
73
147
46
57
(3
)
100
94
3
21
118
8
122
129
259
8
2,350
1,057
3,415
(12
)
(1
)
56
43
77
5
4
(86
)
(7
)
(79
)
86
(24
)
(37
)
(4
)
(65
)
34
(33
)
(23
)
(22
)
26
1,608
116
1,750
(2
)
(493
)
1
(494
)
729
102
(845
)
(14
)
753
1,115
219
(845
)
1,242
(14
)
(14
)
14
(14
)
739
1,101
219
(831
)
1,228
(491
)
(44
)
46
(489
)
$
739
$
610
$
175
$
(785
)
$
739
(1)
Exclusive of Amortization and Accretion.
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Nine Months Ended September 30, 2008
Newmont
Newmont
Mining
Mining
Newmont
Other
Corporation
Condensed Consolidating Statement of Income
Corporation
USA
Subsidiaries
Eliminations
Consolidated
$
$
2,957
$
1,137
$
$
4,094
705
705
3,662
1,137
4,799
1,317
667
(15
)
1,969
342
342
409
140
(1
)
548
17
6
23
93
61
154
38
76
(1
)
113
82
4
17
103
1
166
82
249
1
2,464
1,036
3,501
(33
)
92
41
100
222
22
(244
)
(6
)
(238
)
244
(52
)
(41
)
(5
)
(98
)
131
73
(202
)
2
130
1,271
(101
)
1,300
(48
)
(189
)
44
(193
)
728
4
89
(827
)
(6
)
810
1,086
32
(827
)
1,101
17
(2
)
3
(1
)
17
827
1,084
35
(828
)
1,118
(304
)
3
10
(291
)
$
827
$
780
$
38
$
(818
)
$
827
(1)
Exclusive of Amortization and Accretion.
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
At September 30, 2009
Newmont
Newmont
Mining
Mining
Newmont
Other
Corporation
Condensed Consolidating Balance Sheets
Corporation
USA
Subsidiaries
Eliminations
Consolidated
$
$
2,841
$
181
$
$
3,022
3
16
19
266
14
280
2,527
346
420
(3,179
)
114
329
150
479
292
62
354
155
34
189
8
76
497
581
2,535
4,308
1,374
(3,179
)
5,038
5,184
6,984
(18
)
12,150
19
1,050
1,069
8,979
31
990
(10,000
)
1,262
149
1,411
816
183
999
2,546
291
230
(2,806
)
261
188
188
31
31
$
14,060
$
11,942
$
11,148
$
(16,003
)
$
21,147
$
$
215
$
10
$
$
225
29
1,438
2,041
(3,170
)
338
157
44
201
207
4
211
26
247
2,924
(1,971
)
1,226
55
2,264
5,023
(5,141
)
2,201
3,913
714
71
4,698
1
510
213
724
43
370
816
1,229
4
319
54
377
314
130
2,616
(2,824
)
236
13
13
4,330
4,320
8,793
(7,965
)
9,478
61
(61
)
768
768
7,867
2,647
3,622
(6,076
)
8,060
454
(146
)
583
(437
)
454
641
3,315
(2,208
)
(1,107
)
641
9,730
5,816
2,058
(7,681
)
9,923
1,806
297
(357
)
1,746
9,730
7,622
2,355
(8,038
)
11,669
$
14,060
$
11,942
$
11,148
$
(16,003
)
$
21,147
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
At December 31, 2008
Newmont
Newmont
Mining
Mining
Newmont
Other
Corporation
Condensed Consolidating Balance Sheets
Corporation
USA
Subsidiaries
Eliminations
Consolidated
$
$
310
$
125
$
$
435
1
11
12
97
7
104
1,941
904
370
(3,001
)
214
395
112
507
242
48
290
236
48
284
1
220
234
455
1,942
2,405
955
(3,001
)
2,301
5,325
4,822
(19
)
10,128
11
644
655
6,247
25
828
(7,100
)
1,031
105
1,136
(45
)
873
211
1,039
1,977
320
153
(2,243
)
207
188
188
73
73
$
10,121
$
10,063
$
7,906
$
(12,363
)
$
15,727
$
$
156
$
9
$
$
165
524
586
2,292
(2,991
)
411
139
31
170
21
39
1
61
15
303
461
(9
)
770
560
1,223
2,794
(3,000
)
1,577
2,203
802
67
3,072
1
502
196
699
364
687
1,051
3
341
35
379
283
182
2,049
(2,262
)
252
36
36
3,050
3,450
5,828
(5,262
)
7,066
61
(61
)
709
709
6,611
2,647
4,334
(6,761
)
6,831
(253
)
(173
)
(138
)
311
(253
)
4
2,707
(2,381
)
(326
)
4
7,071
5,181
1,876
(6,837
)
7,291
1,432
202
(264
)
1,370
7,071
6,613
2,078
(7,101
)
8,661
$
10,121
$
10,063
$
7,906
$
(12,363
)
$
15,727
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Nine Months Ended September 30, 2009
Newmont
Newmont
Mining
Mining
Newmont
Other
Corporation
Condensed Consolidating Statement of Cash Flows
Corporation
USA
Subsidiaries
Eliminations
Consolidated
$
739
$
1,101
$
219
$
(831
)
$
1,228
72
526
(684
)
831
745
(58
)
(11
)
42
(27
)
753
1,616
(423
)
1,946
3
3
753
1,619
(423
)
1,949
(334
)
(980
)
(1,314
)
10
10
(8
)
(11
)
(747
)
(766
)
1
(19
)
(18
)
(8
)
(344
)
(1,736
)
(2,088
)
1,724
(32
)
6
1,698
(3,565
)
1,402
2,163
(147
)
(147
)
(112
)
(3
)
(115
)
1,248
1,248
(5
)
10
5
(745
)
1,258
2,176
2,689
(2
)
(2
)
(745
)
1,256
2,176
2,687
39
39
2,531
56
2,587
310
125
435
$
$
2,841
$
181
$
$
3,022
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Nine Months Ended September 30, 2008
Newmont
Newmont
Mining
Mining
Newmont
Other
Corporation
Condensed Consolidating Statement of Cash Flows
Corporation
USA
Subsidiaries
Eliminations
Consolidated
$
827
$
1,084
$
35
$
(828
)
$
1,118
59
223
(566
)
828
544
24
(428
)
(90
)
(494
)
910
879
(621
)
1,168
(125
)
20
(105
)
910
754
(601
)
1,063
(480
)
(870
)
(1,350
)
(18
)
(18
)
50
50
(7
)
(318
)
(325
)
26
26
(461
)
(1,156
)
(1,617
)
(15
)
4
(11
)
(476
)
(1,152
)
(1,628
)
755
(84
)
(119
)
552
(1,566
)
(125
)
1,691
(136
)
(136
)
(244
)
(3
)
(247
)
27
27
10
3
6
19
(910
)
(450
)
1,575
215
(3
)
(3
)
(910
)
(453
)
1,575
212
(2
)
(22
)
(24
)
(177
)
(200
)
(377
)
789
441
1,230
$
$
612
$
241
$
$
853
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
(dollars in millions, except per share, per ounce and per pound amounts)
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
2,049
$
1,371
$
5,187
$
4,799
$
645
$
215
$
1,242
$
1,101
$
645
$
222
$
1,228
$
1,118
$
388
$
191
$
739
$
827
$
0.79
$
0.40
$
1.54
$
1.78
$
0.79
$
0.42
$
1.52
$
1.82
1,715
1,485
4,734
4,569
141
44
342
201
$
964
$
865
$
930
$
900
$
2.80
$
2.01
$
2.30
$
3.50
$
404
$
467
$
419
$
433
$
0.50
$
1.98
$
0.63
$
1.70
(1)
Includes incremental start-up ounces of nil and 1 in the three and nine months ended
September 30, 2009 and 3 and 20 in the three and nine months ended September 30, 2008,
respectively.
(2)
After treatment and refining charges.
(3)
Excludes
Amortization
and
Accretion.
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
1,660
$
1,282
$
4,421
$
4,106
(7
)
(1
)
(20
)
(12
)
$
1,653
$
1,281
$
4,401
$
4,094
1,715
1,485
4,734
4,569
(3
)
(1
)
(20
)
1,715
1,482
4,733
4,549
$
968
$
866
$
934
$
903
$
964
$
865
$
930
$
900
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009 vs. 2008
2009 vs. 2008
$
203
$
166
175
149
(6
)
(8
)
$
372
$
307
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
386
$
151
$
763
$
726
48
(52
)
112
38
434
99
875
764
(38
)
(9
)
(89
)
(59
)
$
396
$
90
$
786
$
705
141
44
342
201
$
2.73
$
3.39
$
2.23
$
3.61
0.34
(1.18
)
0.33
0.19
3.07
2.21
2.56
3.80
(0.27
)
(0.20
)
(0.26
)
(0.30
)
$
2.80
$
2.01
$
2.30
$
3.50
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009 vs. 2008
2009 vs. 2008
$
214
$
537
121
(426
)
(29
)
(30
)
$
306
$
81
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
481
$
471
$
1,321
$
1,457
23
19
75
64
504
490
1,396
1,521
535
378
1,451
1,265
103
94
293
282
61
75
220
249
91
69
223
189
27
35
78
95
201
23
358
171
483
296
1,172
986
131
117
382
321
1
$
1,653
$
1,281
$
4,401
$
4,094
$
396
$
90
$
786
$
705
Table of Contents
Costs Applicable to Sales
Amortization
Three Months Ended
Nine Months Ended
Three Months Ended
Nine Months Ended
September 30,
September 30,
September 30,
September 30,
2009
2008
2009
2008
2009
2008
2009
2008
$
273
$
271
$
764
$
724
$
69
$
65
$
183
$
175
3
9
8
9
30
27
2
2
7
6
281
280
794
751
74
67
199
181
163
159
488
488
43
43
128
131
33
44
103
126
12
9
33
26
45
55
146
162
10
10
32
27
60
63
151
171
5
4
11
12
14
16
38
45
5
10
18
24
37
20
88
76
10
4
23
15
189
198
526
580
42
37
117
104
61
55
175
150
17
16
51
47
694
692
1,983
1,969
176
163
495
463
71
88
217
342
18
16
55
67
1
1
1
2
2
4
6
14
15
5
7
16
18
$
765
$
780
$
2,200
$
2,311
$
199
$
186
$
566
$
548
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
11
$
1
$
24
$
3
2
16
18
29
6
5
18
15
3
3
10
10
1
1
9
1
2
2
5
5
6
1
19
2
10
15
31
$
27
$
44
$
100
$
113
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
$
$
67
$
14
10
40
31
12
15
33
47
18
2
27
15
8
4
19
15
15
3
2
9
7
3
2
9
7
2
3
8
8
13
74
1
12
11
11
7
6
32
22
$
67
$
69
$
259
$
249
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
7
$
36
$
16
$
91
9
2
13
2
2
7
11
24
2
19
2
29
2
(7
)
(20
)
32
32
3
12
(1
)
3
(5
)
5
(34
)
(6
)
(90
)
4
5
12
15
$
25
$
66
$
43
$
100
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
2009
2008
2009
2008
$
$
21
$
32
$
58
$
$
(19
)
$
1
$
(7
)
(44
)
5
1
(19
)
(43
)
(1
)
26
29
18
$
$
7
$
(14
)
$
17
Table of Contents
Gold Ounces or
Costs Applicable to
Copper Pounds Sold
(1)
Sales
(2)
Amortization
2009
2008
2009
2008
2009
2008
(ounces in thousands)
($ per ounce)
($ per ounce)
1,517
1,695
$
524
$
443
$
126
$
107
1,558
1,410
313
346
82
93
1,247
1,084
422
535
93
97
412
380
424
416
125
129
4,734
4,569
$
419
$
433
$
103
$
102
Copper
(pounds in millions)
($ per pound)
($ per pound)
342
201
$
0.63
$
1.70
$
0.16
$
0.34
(1)
Consolidated gold ounces sold includes incremental start-up ounces of nil and 1, in
North America, for the three and nine months ended September 30, 2009 and 3 and 20, primarily
in Africa, for the three and nine months ended September 30, 2008, respectively. Incremental
start-up sales includes the removal and production of de minimis saleable materials during
development and is recorded as
Other income
, net of incremental mining and processing costs.
(2)
Excludes
Amortization
and
Accretion
.
(3)
Consolidated gold ounces and copper pounds sold includes noncontrolling interests
share for Yanacocha and Batu Hijau.
Table of Contents
Costs Applicable to
Gold Ounces Sold
Sales
(2)
Amortization
2009
2008
2009
2008
2009
2008
(in thousands)
($ per ounce)
($ per ounce)
505
544
$
541
$
497
$
137
$
120
23
22
352
468
98
88
528
566
$
532
$
496
$
136
$
119
Costs Applicable to
Gold Ounces Sold
(1)
Sales
(2)
Amortization
2009
2008
2009
2008
2009
2008
(in thousands)
($ per ounce)
($ per ounce)
1,438
1,624
$
532
$
446
$
127
$
108
79
71
381
391
93
85
1,517
1,695
$
524
$
443
$
126
$
107
(1)
Includes incremental start-up ounces of 1, in Nevada, for both the nine months ended
September 30, 2009 and September 30, 2008.
(2)
Excludes
Amortization
and
Accretion
.
Table of Contents
Costs Applicable to
Gold Ounces Sold
(1)
Sales
(2)
Amortization
2009
2008
2009
2008
2009
2008
(in thousands)
($ per ounce)
($ per ounce)
554
438
$
294
$
362
$
78
$
98
Costs Applicable to
Gold Ounces Sold
(1)
Sales
(2)
Amortization
2009
2008
2009
2008
2009
2008
(in thousands)
($ per ounce)
($ per ounce)
1,558
1,410
$
313
$
346
$
82
$
93
(1)
Consolidated gold ounces sold includes noncontrolling interests share.
(2)
Excludes
Amortization
and
Accretion
.
Table of Contents
Gold Ounces Sold or
Costs Applicable to
Copper Pounds Sold
Sales
(1)
Amortization
2009
2008
2009
2008
2009
2008
(ounces in thousands)
($ per ounce)
($ per ounce)
103
105
$
329
$
414
$
119
$
92
65
86
684
638
157
113
93
80
638
790
48
50
28
41
518
397
168
239
208
28
178
718
44
137
497
340
$
380
$
582
$
82
$
109
(pounds in millions)
($ per pound)
($ per pound)
141
44
$
0.50
$
1.98
$
0.12
$
0.37
Gold Ounces Sold or
Costs Applicable to
Copper Pounds Sold
Sales
(1)
Amortization
2009
2008
2009
2008
2009
2008
(ounces in thousands)
($ per ounce)
($ per ounce)
305
305
$
339
$
411
$
109
$
86
238
276
613
588
133
98
239
212
630
807
45
54
84
106
457
428
217
231
381
185
232
412
59
82
1,247
1,084
$
422
$
535
$
93
$
97
(pounds in millions)
($ per pound)
($ per pound)
342
201
$
0.63
$
1.70
$
0.16
$
0.34
(1)
Excludes
Amortization
and
Accretion
.
(2)
Consolidated gold ounces or copper pounds sold includes noncontrolling interests
share.
Table of Contents
Table of Contents
Costs Applicable to
Gold Ounces Sold
(1)
Sales
(2)
Amortization
2009
2008
2009
2008
2009
2008
(in thousands)
($ per ounce)
($ per ounce)
136
141
$
446
$
402
$
130
$
116
Costs Applicable to
Gold Ounces Sold
(1)
Sales
(2)
Amortization
2009
2008
2009
2008
2009
2008
(in thousands)
($ per ounce)
($ per ounce)
412
380
$
424
$
416
$
125
$
129
(1)
Includes 3 and 19 incremental start-up ounces for the three and nine months ended
September 30, 2008.
(2)
Excludes
Amortization
and
Accretion.
Table of Contents
Nine Months Ended
September 30,
2009
2008
$
154
$
227
4
63
34
17
192
307
94
126
961
604
21
29
42
34
6
10
6
24
30
65
2
1
1,068
767
42
76
4
1
46
77
12
6
1,412
1,283
(98
)
67
$
1,314
$
1,350
Table of Contents
Table of Contents
2009
2010
2011
2012
2013
Thereafter
201
814
670
651
639
231
39
231
254
231
243
1,157
48
50
46
288
1,095
970
882
882
1,388
Table of Contents
Table of Contents
At September 30, 2009
At December 31, 2008
Convertible Senior Notes Due
Convertible Senior Notes Due
2012
2014
2017
2012
2014
2017
$
46
$
97
$
123
$
$
97
$
123
$
518
$
575
$
575
$
$
575
$
575
(60
)
(112
)
(162
)
(127
)
(174
)
$
458
$
463
$
413
$
$
448
$
401
At December 31,
2008
$
7
(31
)
28
$
4
Table of Contents
Table of Contents
Table of Contents
Table of Contents
ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
(dollars in millions, except per ounce and per pound amounts).
Fair Values of Derivative Instruments
At September 30, 2009
Other
Other
Other
Other
Current
Long-Term
Current
Long-Term
Assets
Assets
Liabilities
Liabilities
$
1
$
$
$
5
1
72
59
2
1
2
6
$
82
$
67
$
$
Fair Values of Derivative Instruments
At December 31, 2008
Other
Other
Other
Other
Current
Long-Term
Current
Long-Term
Assets
Assets
Liabilities
Liabilities
$
$
$
4
$
5
1
3
1
87
42
1
15
2
7
$
6
$
8
$
111
$
43
Table of Contents
Expected Maturity Date
Total/
2009
2010
2011
2012
Average
$
6
$
$
$
$
6
10,584
10,584
63,501
63,501
$
118
$
489
$
275
$
61
$
943
0.77
0.76
0.72
0.73
0.75
154
644
379
83
1,260
$
12
$
28
$
6
$
$
46
0.64
0.62
0.63
0.63
19
46
9
74
$
25
$
$
$
$
25
0.80
0.80
31
31
Expected Maturity Date
Total/
2009
2010
2011
Average
$
12
$
33
$
9
$
54
1.78
1.90
2.07
1.90
7
17
4
28
Table of Contents
ITEM 4.
CONTROLS AND PROCEDURES.
Table of Contents
70
71
ITEM 1.
LEGAL PROCEEDINGS.
ITEM 1A.
RISK FACTORS.
Table of Contents
ITEM 2.
ISSUER PURCHASES OF EQUITY SECURITIES.
(c)
Total Number of
(d)
(a)
Shares Purchased
Maximum Number (or
Total
(b)
as
Approximate Dollar Value) of
Number
Average
Part of Publicly
Shares that may yet be
of Shares
Price Paid
Announced Plans
Purchased under the Plans or
Period
Purchased
Per Share
or Programs
Programs
ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
ITEM 5.
OTHER MATTERS.
ITEM 6.
EXHIBITS.
Table of Contents
S-1
Newmont Mining Corporation
(Registrant)
/s/
Russell Ball
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
/s/
Roger P. Johnson
Vice President and Chief Accounting Officer
(Principal Accounting Officer)
Table of Contents
Exhibit
Number
Description
3.1
3.5
4.1
4.2
4.3
4.4
4.5
4.6
12.1
31.1
31.2
32.1
32.2
101
(1)
This document is being furnished in accordance with SEC Release Nos. 33-8212 and
34-47551.
-2-
-3-
-4-
-5-
-6-
-7-
-8-
-9-
-10-
-11-
-12-
-13-
-14-
|
/s/ Jeffrey K. Reeser | ||
|
|||
|
Name: | Jeffrey K. Reeser | |
|
Secretary |
-15-
2
3
4
5
6
7
8
9
10
11
12
13
14
Nine Months Ended | ||||
September 30, 2009 | ||||
Earnings:
|
||||
Income from continuing operations before income tax
expense, equity loss of affiliates and
noncontrolling interests in subsidiaries
(1)
|
$ | 1,750 | ||
Adjustments:
|
||||
Fixed charges added to earnings
|
74 | |||
Dividends from equity affiliates
|
2 | |||
Amortization of capitalized interest
|
15 | |||
|
||||
|
$ | 1,841 | ||
|
||||
Fixed Charges:
|
||||
Net interest
expense
(2)
|
65 | |||
Portion of rental expense representative of interest
|
9 | |||
|
||||
Fixed charges added to earnings
|
74 | |||
Capitalized interest
|
86 | |||
|
||||
|
$ | 160 | ||
|
||||
Ratio of earnings to fixed charges
|
11.5 |
(1) | Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included in Income tax expense . | |
(2) | Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs. |
|
/s/ RICHARD T. OBRIEN
|
|||
|
Chief Executive Officer |
|
/s/ RUSSELL BALL
|
|||
|
Chief Financial Officer |
|
/s/ RICHARD T. OBRIEN
|
|||
|
Chief Executive Officer |
|
/s/ RUSSELL BALL
|
|||
|
Chief Financial Officer |