Sinclair sees monster short covering move in gold within days

Section:

Company press release

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DENVER, Sept. 9, 2003 (PRNewswire-FirstCall via COMTEX)
-- Newmont Mining Corp. today announced that its Australian
subsidiary, Newmont Yandal Operations Pty Ltd (Yandal), has
emerged from voluntary administration and been returned to
the control of Yandal's Board of Directors. This follows the
overwhelming vote by creditors to approve the Deed of
Company Arrangements (DOCAs) proposed by Newmont.

The DOCAs were signed by KordaMentha, administrators of
Yandal, on September 8, 2003, in Australia. Newmont's
DOCAs ensure that trade creditors will be promptly paid
in full and protects Yandal employees' entitlements.
KordaMentha reported that at the Yandal creditors' meeting
of August 29, 2003, 377 creditors, representing 89.5% of
Yandal debt voted, voted in favor of accepting the DOCAs,
while only two creditors voted against.

Thomas Mahoney, Vice President and Treasurer of Newmont,
commented, "Newmont is very pleased with the outcome of
the voluntary administration process. The resolution of this
process in about two months was a positive outcome for our
shareholders as well as Yandal employees and trade creditors."

Newmont, based in Denver, is the world's premier gold mining
company and the largest gold producer with significant assets
on five continents.