Newmont posts loss in fourth quarter

Thu Feb 20, 2014 7:55pm EST

Feb 20 (Reuters) - Newmont Mining Corp reported a quarterly loss on Thursday on the back of lower gold prices and impairment charges.

Fourth-quarter net loss from continuing operations was $1.26 billion, or $2.34 per share, compared with a profit of $669 million, or $1.30 per share, in the same period a year ago.

Revenue fell about 12 percent to $2.2 billion.

The Denver-based miner said 2014 capital expenditure would be 25 percent lower than last year.

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