Exhibit 12.1

NEWMONT MINING CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in millions, except ratio)

	Three Months Ended
	March 31, 2016
Income before income and mining tax and other items	$	490
Adjustments:
Fixed charges excluding capitalized interest		83
Earnings available for fixed charges	$	573
Fixed Charges:
Net interest expense (1)	$	79
Portion of rental expense representative of interest		4
Fixed charges added to earnings		83
Capitalized interest		10
Total Fixed Charges	$	93
Ratio of earnings to fixed charges		6.16

(1) Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs.