Newmont Mining (NEM -5.2%) sinks after reporting Q2 EPS of $0.59/share, down from $0.90 in the...

|About: Newmont Mining Corporation ... (NEM)|By:, SA News Editor

Newmont Mining (NEM -5.2%) sinks after reporting Q2 EPS of $0.59/share, down from $0.90 in the year-ago period and $0.97 analyst consensus. Revenues fell 6.5% Y/Y to $2.23B vs. $2.53B consensus. Gold and copper production down 3% and 10% Y/Y respectively. NEM lowers 2012 gold production outlook to 5M-5.1M oz., cuts outlook for capital expenditures to $2.7B-$3B.