February 24, 2011 / 11:21 AM / in 8 years

CORRECTED-Newmont Mining Q4 profit beats Street

(Corrects headline to say its Q4, not Q2)

Feb 24 (Reuters) - Newmont Mining Corp , the world’s No. 2 gold producer, posted a 46 percent jump in quarterly profit and beat market estimates on higher production.

Net earnings rose to $812 million, or $1.61 a share, from $558 million, or $1.13 a share, a year ago.

Excluding items, Newmont earned $1.16 a share.

Revenue at Newmont, which operates mines in South and North America, Africa, Australia and Indonesia, rose to $2.55 billion.

Analysts, on avergae, expected earnings of $1.14 a share on revenue of $2.57 billion, according to Thomson Reuters I/B/E/S. (Reporting by Krishna N Das; Editing by Joyjeet Das)

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