NEWMONT MINNG (NEM $49.11, Overweight) ESTIMATES CUT TO REFLECT HIGHER DEPRECIATION, EXPLO. & RESEARCH, “OTHER EXPENSE” AND POOR BATU HIJAU OUTPUT CARRIED FORWARD FUTURE YEARS; PRICE TARGET CUT TO $65 FROM $78 July 28, 2008

NEWMONT MINNG (NEM $49.11, Overweight) ESTIMATES CUT TO REFLECT
HIGHER DEPRECIATION, EXPLO. & RESEARCH, “OTHER EXPENSE” AND
POOR BATU HIJAU OUTPUT CARRIED FORWARD FUTURE YEARS; PRICE
TARGET CUT TO $65 FROM $78  July 28, 2008