Base Metals

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

Base Metals

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.

To view the whole Mining Weekly report, click here.

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