NEWMONT MINING (NEM $44.80, rated Underweight with $38 up from $36 price target) BETTER BATU HIJAU OPERATING PERFORMANCE BEGINNING IN 2014, OPTIMIZED GHANA AND PERU INVESTMENTS AND LOWER CAPEX AND EXPLORATION MOSTLY OFFSET BY LOWER LONG TERM COPPER PRICING 12/26/2012

NEWMONT MINING (NEM $44.80, rated Underweight with $38 up from $36 price
target) BETTER BATU HIJAU OPERATING PERFORMANCE BEGINNING IN 2014,
OPTIMIZED GHANA AND PERU INVESTMENTS AND LOWER CAPEX AND
EXPLORATION MOSTLY OFFSET BY LOWER LONG TERM COPPER PRICING 12/26/2012