Noranda Income Fund: 2012 Q2 Net Earnings Increases to $7.3 Million

Noranda Income Fund (TSX:NIF.UN) reported that its 2012 second-quarter net earnings increased to $7.3 million due to higher zinc premiums, acid sales and lower finance costs.

As quoted in the press release:

Zinc premiums sat at 7.4 cents US per pound, up from 5.9 cents US per pound in the quarter of 2011.

Click here to read the Noranda Income Fund (TSX:NIF.UN) press release.