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First Quantum Minerals Reports 146 Percent Hike in Quarterly Profits Thanks to Copper, Gold Sales
Mar. 06, 2013 10:51AM PST
Base Metals Investing
Mining Weekly reported that First Quantum Minerals, the company currently engaged in a hostile takeover bid for Inmet Mining, has reported a 146% rise in quarterly profits, mostly due to a jump in copper and gold sales.
Mining Weekly reported that First Quantum Minerals, the company currently engaged in a hostile takeover bid for Inmet Mining, has reported a 146% rise in quarterly profits, mostly due to a jump in copper and gold sales.
As quoted in the market report:
Net earnings attributable to shareholders rose to $186.7-million, or 39c per share, in the fourth quarter, from $76-million, or 16c per share, a year earlier.
