Denver Gold

Show

September 10, 2008

Exhibit 99.1

September 10, 2008

2

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

mineral

production

and

sales;

(ii)

estimates

of

future

costs

applicable

to

sales,

other

expenses

and

taxes

for

specific

operations,

and

on

a

consolidated

basis;

(iii)

estimates

of

future

capital

expenditures,

construction,

production,

or

closure

activities;

and

(iv)

statements

regarding

potential

cost

savings,

productivity,

operating

performance,

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

2007

Annual

Report

on

Form

10-K,

filed

on

February

21,

2008,

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.

Explanation of Non-GAAP Measures and Certain Metrics

This presentation contains the non-GAAP financial measure adjusted net income and a reconciliation of

adjusted net income to net income calculated in accordance with GAAP.  Adjusted net income is not, and

should not, be used in isolation or as an alternative to GAAP net income as reflected in the Company's

consolidated financial statements.  For further information concerning the use of adjusted net income by the

Company and analysts, see the 2008 Earnings Release on Form 8-K furnished by the Company to the

Securities and Exchange Commission on or about July 24, 2008, and the Company's other SEC reports.

September 10, 2008

3

The Year In Review

New management team in place

Renewed focus on core business

Continued to establish operating performance record

Demonstrated leadership in safety, sustainability and environmental

responsibility

Deliver Yanacocha gold mill

Deliver Nevada power plant

Continue to deliver consistently strong operating and project performance

Deliver Boddington project

Update Hope Bay development plans

Stage gate decisions on Conga and Akyem

September 10, 2008

4

NEM 2008 Guidance

NEM 2007

In the last 12 months:

Where we want to be in 12 months:

Continue to deliver consistently strong operating performance

Execute on revised Phoenix mine plan

Progress Batu Hijau divestiture

Operational Execution

Leeville –

At Full Production

Phoenix –

Revised Plan Complete

Peer Average –

More than 25%

$389

Up ~12%

$425 -

$450

September 10, 2008

5

Project Pipeline

Project Execution

Execution

Operations

Stage 1

Stage 2

Stage 3

Stage 4

Gate

Gate 4

Ensure single option is

optimized, predictable

and competitive

Gate

Gate 3

Select a single

option to achieve

Business Case

Gate

Gate 2

Determine if a 

Business Case

exists

Gate

Gate 1

Advance viable

business

opportunities

NV

Power

Plant

Boddington

Yanacocha

Gold Mill

Ahafo

North

Callie

Deeps

Gold

Gate 3

Decision

Q4 2008

Conga

Gate 2

Decision

Q4 2008

Euronimba

Nassau

FALC

JV

Hope

Bay

Akyem

Subika

UG

Boddington

Moly

Yanacocha

Sulfides

Turf

Elang

GQ West

Wall

Layback

Buffalo

Valley

Emigrant

Copper

Power

Diamonds

Molybdenum

Iron Ore

Gate 3

Decision

2009

Phoenix

Cu

Leach

September 10, 2008

6

Boddington

Project Execution

•

~83% complete as of August 31st

•

Upon completion, will be Australia’s largest gold

producer and a major contributor to Newmont’s

annual gold production

—

First 5 year average annual equity production of

600k to 700k ounces

—

Expected mine life in excess of

20 years

Execution

Operations

Stage 1

Stage 2

Stage 3

Stage 4

Gate

Gate

Gate

Gate

Boddington

•

Ongoing industry-wide inflation and tightening Australian labor market expected

to extend schedule, resulting in higher costs

•

Working closely with our partners toward project start-up in early to mid 2009

•

Will provide updated capital cost estimate and project completion schedule

during the third quarter earnings call

September 10, 2008

7

Nevada Exploration Target: Turf

Exploration and Growth

Turf

•

~1 km NW of Leeville

•

Driving drift over top of target

•

Prospect is larger than surface drilling

indicated

•

High-grade (+15 g/t) upside potential

•

2008 budget of ~$4 million

Execution

Operations

Stage 1

Stage 2

Stage 3

Stage 4

Gate

Gate

Gate

Gate

Turf

September 10, 2008

8

Callie Deeps, Australia

Exploration and Growth

•

Drilling for NRM and reserve conversion

•

Base case of ~25 million tonnes

at 4.5 grams per tonne

•

Located in AAA-rated country

•

Metallurgical testing underway

Selected Auron and Asok

Intersections

25m @ 6.0 g/t

39m @ 11.9 g/t

35m @ 6.3 g/t

5m @ 36.1 g/t

18m @ 5.6 g/t

Visible Gold from Auron

core

Execution

Operations

Stage 1

Stage 2

Stage 3

Stage 4

Gate

Gate

Gate

Gate

Callie Deeps

Federation

Asok

Auron

Callie

Mined

Reserve

NRM

PEM

Potential

Extensions

September 10, 2008

September 10, 2008

9

Hope Bay, Canada

Exploration and Growth

Project Status

•

Year-round airstrip and Doris road

complete

•

Camp infrastructure under construction

•

Drilling campaign targeting NRM in 2009

2

~$30 million budget in 2008

•

Stage 2 studies underway  

2

~$40 million budget in 2008

Execution

Operations

Stage 1

Stage 2

Stage 3

Stage 4

Gate

Gate

Gate

Gate

Hope Bay

September 10, 2008

10

H1 2008 Highlights

•

Adjusted net income

(1)

of $616 M ($1.36/share)

•

GAAP net income of $647 M ($1.43/share)

•

Net cash provided from continuing operations of $976 M ($2.15/share)

•

Equity gold sales of 2.56 Mozs

at CAS of $417/oz

•

Commercial production at Nevada power plant and Yanacocha gold mill

•

Only senior to maintain gold sales and cost guidance through Q2

(1)

Refer to Slide 20 for reconciliation to GAAP Net income per share

September 10, 2008

11

H1 2007

H1 2008

$657

$917

40%

H1 2007

H1 2008

$247

$500

102%

H1 2007

H1 2008

$0.51

$2.15

322%

Why Newmont?

•

Most value per share in the peer group

2

Highest NA senior gold sales per share in H1 2008

2

Highest EPS and CFPS in H1 2008

2

Highest per share leverage to the gold price (RBC, BMO, CIBC, JPMorgan)

2

Only NA senior to maintain gold sales and cost guidance through Q2 2008

(1)

Refer to Slide 23, footnote #1

(2)

Refer to Slide 20 for reconciliation to GAAP Net income per share

(3)

Refer to Slide 21 for reconciliation to GAAP Net cash provided from (used in) operations

Average Realized Price

($/ounce)

Operating Margin -

Gold

(1)

($/ounce)

Adjusted Net Income

(2)

($/share)

Adjusted Cash provided from

Continuing Operations

(3)

($/share)

H1 2007

H1 2008

$0.32

$1.36

325%

September 10, 2008

12

Leading the Peers in Cost Containment

Source: Company reports

(1)

Gold equivalent basis

(2)

Represents

actual

results

from

fiscal

years

ended

June

30,

2007

and

June

30,

2008

(3)

By-product basis.  Guidance is “Less than $300/oz”

12%

18%

24%

27%

27%

84%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Newmont

Kinross

(1)

Barrick

AngloGold

Gold

Fields

(2)

Goldcorp

(3)

Lowest forecasted cost

inflation in peer group

Cost inflation from 2007 actual costs to latest 2008 guidance ($/oz)

September 10, 2008

13

Another View of Costs

First Half 2008

Avg. Realized Gold Price = $917

(1) Refer to slide 22 for a reconciliation to Costs Applicable to Sales per ounce

(2) As of September 5, 2008

(3) Based on Q2 unit distributions of $1.00 per unit remaining constant in Q3 and Q4

•

Canadian Oil Sands Trust

2

Unrealized gain of ~$1.1 B

(2)

2

Cash distributions of ~$120 M

in 2008

(3)

2

Distributions offset ~25% of

Newmont’s oil exposure

(3)

•

Nevada power plant estimated

annual CAS savings of ~$70 –

$80

million

•

Active A$ and diesel hedging

programs

Managing gold production costs

$417

$301

$283

$500

$616

$634

CAS/oz

CAS/oz,

net of Cu

credits

(1)

CAS/oz, net of

Cu credits and 

COS Income

(1)

Copper

Credits

Copper

Credits

COS

Income

September 10, 2008

14

Superior Per Share Leverage

Source: RBC “North American Gold Equities Sensitivity to Rising Gold”, 7-18-08

2009E CFPS @ $800 gold

2009E CFPS @ $1000 gold

RBC Estimated Cash Flow per Share Leverage to the Gold Price

$2.21

$1.49

$2.26

$3.92

$3.94

$6.36

$1.21

$1.46

$1.51

$2.99

$2.77

$4.25

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

Newmont

Barrick

Agnico-Eagle

Kinross

Goldcorp

Yamana

September 10, 2008

15

In the last 12 months:

Divested non-core royalty assets for ~$1.3 billion

Eliminated hedge book at ~$655/oz

Nearing completion of 5 year intensive capital reinvestment period

Holding Canadian Oil Sands

Where we want to be in 12 months:

Continue to deliver consistently strong operating and project performance

Identify and implement aggressive cost cutting and operational efficiencies

Optimize portfolio of high-value diversified assets

Deliver shareholder wealth creation

Financial Strength and Flexibility

September 10, 2008

16

Gold Price Outlook

Short-Term Fluctuations Expected

•

Despite the gold price decline in early August, gold continues to trade within

expected range (approx. $800 –

$1000/oz)

•

16 month consolidation period with reduced volatility should revive jewelry

demand

$300

$400

$500

$600

$700

$800

$900

$1,000

$1,100

$1,200

$1,300

Jan-05

Jan-06

Jan-07

Jan-08

Jan-09

Jan-10

~$1,300 - $1,400/oz

Source: Reuters

Last update:

September 5, 2008

~20% Trading

Range

~16 Month

Consolidation

~16 Month

Consolidation

~20% Trading

Range

~70% increase from

previous trading range

~80% increase from

previous trading range

September 10, 2008

17

Gold Price Outlook

Bullish Long-Term Expectations

•

Declining mine production, total cost of production rising

2

“Big Four”

mine production down 28% from 2001

2

Total mine production down 6% from 2001

2

Lead time for new projects has lengthened, costs escalated

Source: GFMS

"Big Four" Mine

Production -

down 28%

Other Mine

Production -

up 12%

Scrap Supply

Deficit

Total Demand

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2001

2002

2003

2004

2005

2006

2007

Jewelry Demand

Total mine

production -

down 6%

September 10, 2008

18

Gold Price Outlook

Bullish Long-Term Expectations

•

Gold remains negatively correlated to US dollar

Dollar should decline against emerging currencies

Current account and trade deficits imply further dollar weakness

Source: Reuters, Federal Reserve Statistics

66

69

72

75

78

81

84

87

$500

$575

$650

$725

$800

$875

$950

$1,025

GOLD

US Trade-Weighted Dollar

Index (Major Currencies)

Last date: September 5, 2008

—

—

Reference

Slides

September 10, 2008

20

Reconciliation from Adjusted Net Income

to GAAP Net Income

$          -

$           -

$  

(0.01)

$

(5)

Western Australia gas interruption

$          -

$           -

$

(0.12)

$

(56)

Write-down of marketable securities

$  

(0.02)

$    

(11)

$

(0.09)

$

(41)

Reclamation obligations

$          -

$           -

$  

0.28

$      

129

Income taxes

$

(0.02)

$

(8)

$         -

$          -

Senior management retirement

$

(0.06)

$

(25)

$         -

$          -

Batu Hijau minority loan repayment

$ 

(1.02)

$  

(460)

$         -

$          -

Settlement of gold contracts

$  

(4.42)

$

(1,994)

$

1.43      

$

647          

GAAP Net income

$

(3.62)   

$

(1,633)            

$

0.01

$

4                

Income from discontinued operations

$ 

(0.80)    

$ 

(361)        

$

1.42      

$    

643          

GAAP Income from continuing operations

$       0.32  

$     

143

$   

1.36

$       

616

Adjusted net income

Per Share

Q2 2007

YTD

Per Share

Q2 2008

YTD

Description ($ million except per share, after-tax)

September 10, 2008

21

Reconciliation from Adjusted Net Cash Provided from

Continuing Operations to GAAP Net Cash Provided from

(used in) Operations

$  

(0.61)

$    

(276)

$         -

$           -

Settlement of pre-acquisition Australian income taxes

of Normandy

$

(1.28)

$      

(578)

$         -

$           -

Pre-tax settlement of price-capped forward sales

contracts

$  

(1.24)

$

(563)

$

1.90      

$

864          

GAAP Net cash provided from (used in) operations

$

0.14   

$

61            

$

(0.25)

$

(112)                 

Net cash (used in) provided from discontinued

operations

$ 

(1.38)    

$ 

(624)        

$

2.15      

$    

976          

GAAP Net cash provided from (used in) continuing

operations

$       0.51  

$     

230

$   

2.15

$       

976

Adjusted net cash provided from continuing

operations

Per Share

Q2 2007

YTD

Per Share

Q2 2008

YTD

Description ($ million except per share)

September 10, 2008

22

Reconciliation from CAS per Ounce to CAS per Ounce,

Net of Copper By-Products and COS Income

$

(116)

Copper

credits

(copper

revenues

less

costs

applicable

to

sales

–

copper)

$  

283

Costs applicable to sales –

gold, net of copper credits and COS income

$

(18)         

Canadian Oil Sands Trust income

$ 

301       

Costs applicable to sales –

gold, net of copper credits

$        417  

GAAP Costs applicable to sales –

gold

June

2008 YTD

Description ($ per ounce)

September 10, 2008

23

Footnotes

1.

“Operating Margin –

Gold”

defined as average realized price per

ounce less costs applicable to sales per ounce, excluding

amortization and accretion