First Quantum Minerals Reports 146 Percent Hike in Quarterly Profits Thanks to Copper, 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.

To view the whole Mining Weekly report, click here.