Gold producer Newmont Mining Corp. (NEM) Thursday reported fourth-quarter net income of $673 million, compared with net loss of $1.03 billion last year.
Results for the prior-year quarter included impairment charges of $1.6 billion.
Excluding items, adjusted earnings for the quarter were $552 million or $1.11 per share,
compared with $557 million or $1.14 per share a year ago.
Analysts polled by Thomson Reuters estimated earnings of $0.97 per share for the quarter. Analysts' estimates typically exclude special items.
Attributable gold production during the quarter was about 1.25 million ounces, compared with 1.3 million ounces a year ago. Attributable copper production fell to 35 thousand pounds from 45 thousand pounds a year ago.
For fiscal year 2013, the company expects attributable gold production to be 4.8 million to 5.1 million ounces. It plans to invest about $2.1 billion to $2.3 billion in capital expenditures in 2013.
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