Newmont Mining adjusted profit down on gold price, output

Thu Feb 19, 2015 4:34pm EST
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Feb 19 (Reuters) - Newmont Mining Corp reported on Thursday a narrower adjusted fourth quarter profit, as lower gold production and metal prices weighed on revenues.

Adjusted net income, which excludes one-time items like non-cash write downs, was $86 million, or 17 cents a share, in the quarter ended Dec. 31. That compared with $143 million, or 28 cents a share, in the same period in 2014.

Net income attributable to shareholders was $39 million, or 8 cents per share, compared with a loss of $1.2 billion, or $2.39 per share, in the year-ago period, when the company posted steep impairement charges. (Reporting by Nicole Mordant and Julie Gordon in Vancouver; Editing by Chizu Nomiyama)