Newmont Mining: 28 Percent Drop in 2012 Q2 Net Income

CBS News reported that Newmont Mining’s (NYSE:NEM) shares declined after it reported a 28 percent drop in its 2012 second quarter net income.

As quoted in the market news:

Net income totaled $279 million, or 56 cents per share, for the April-through-June quarter. That compared with $387 million, or 77 cents a share, in the year-ago quarter. Revenue fell 6.5 percent to $2.2 billion.

Click here to read the full CBS News report.