Newmont Mining (NEM) - Get Free Report earned $10 million, or 2 cents a share, in the fourth quarter, a swing from a year-earlier loss of $289 million, or 63 cents a share, including a large writedown.
The mining company generated net cash from continuing operations in the fourth quarter of $229 million, or 50 cents a share, on equity gold and copper sales of 1.35 million ounces and 40 million pounds, respectively.
Adjusted earnings in the quarter were $120 million, or 26 cents a share, despite reduced copper revenue as the price of the metal declined in the fourth quarter.
Revenue fell to $1.34 billion from $1.41 billion a year earlier.
Analysts surveyed by Thomson Reuters expected Newmont to earn 25 cents a share on revenue of $1.42 billion.