Copper

First Quantum Minerals Ltd. (TSX:FM) reported its operational and unaudited financial results for the three and nine months ended September 30, 2011.

First Quantum Minerals Ltd. (TSX:FM) reported its operational and unaudited financial results for the three and nine months ended September 30, 2011.

As quoted in the press release:

Q3 results benefit from a higher copper price offset by lower production and higher cash costs of production

  • Q3 2011 net earnings attributable to shareholders of the Company of $90.9 million ($0.20 per share). Comparative earnings of $139.3 million ($0.30 per share) versus $139.2 million ($0.35 per share) in Q3 2010.
  • 12% increase in gross profit over Q3 2010 due to a higher net realized copper price, offset partially by the loss of Frontier’s contribution and higher costs in Q3 2011.

Click here to read the First Quantum Minerals Ltd. (TSX:FM) press release

MARKETS

Markets
TSX20179.81+187.93
TSXV680.49+7.47
DOW33761.05+424.38
S&P 5004280.15+72.88
NASD13047.19+267.27
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1801.89+0.36
Silver20.82+0.02
Copper3.68-0.03
Palladium2224.19+14.20
Platinum965.47+2.48
Oil91.88-2.46
Heating Oil3.51+0.03
Natural Gas8.78-0.09

DOWNLOAD FREE REPORTS

×