To the Board of Directors and Shareholders of Newmont Mining Corporation:

We have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements of Newmont Mining Corporation of December 31, 2004 and 2003, and for each of the three years in the period ended December 31, 2004, management’s assessment of the effectiveness of internal control over financial reporting as of December 31, 2004 and the effectiveness of the Company’s internal control over financial reporting as of December 31, 2004; and in our report dated March 15, 2005 (which included an explanatory paragraph indicating that effective January 1, 2004, the Company adopted FIN 46R in accounting for an investment, effective January 1, 2003 the Company changed its method of accounting for asset retirement costs and effective January 1, 2002 the Company changed its method of accounting for depreciation, depletion and mine development) we expressed unqualified opinions thereon. The consolidated financial statements and management’s assessment of the effectiveness of internal control over financial reporting referred to above (not presented herein) appear in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2004.

In our opinion, the information set forth in the accompanying condensed consolidated financial statements is fairly stated, in all material respects, in relation to the consolidated financial statements from which it has been derived.

PricewaterhouseCoopers LLP
Denver, Colorado
March 15, 2005