Callinan Receives Net Profits Interest Payment from HudBay Minerals

Callinan Mines has received an interim payment of $3,173,228 from HudBay Minerals Inc.

The press release is quoted as saying:

This payment represents 75% of an estimate of 6 2/3 % of the net profits from the 777 Mine in Flin Flon, Manitoba for the quarter ended March 31st, 2010.

Click here to access the entire press release