Quadra FNX Announces a 9% Increase in Q3 2011 Copper Production

Quadra FNX Mining Ltd. (TSX:QUX) reported that consolidated payable production for the three months ended September 30 increased 9% compared to Q2 2011 and totaled 60 million pounds of copper.

As quoted in the press release:

The Company expects 2011 consolidated copper production to be at the lower end of its previously stated guidance range of 240 million pounds +/- 10%.

Quadra FNX Mining’s President & CEO, Paul Blythe commented:

“This is our strongest quarter since 2009, driven by Robinson and continuing strong performance from our Sudbury operations. We are seeing continuing and significant improvements in production at Robinson. The various measures that we have taken are delivering increased flexibility and productivity. The result is that in September we broke both the daily mining record and monthly milling record. However, we did experience slope stability issues that required remediation and adjustments to the mine plan that have affected our ability to reach a portion of the higher grade material at the bottom of the pit.

Click here to read the Quadra FNX Mining Ltd. (TSX:QUX) press release