Quadra Announces Record Revenues and Earnings for 2010

Quadra FNX Mining Ltd. (TSX:QUX) announced fourth quarter and year end financials for the year ending December 31, 2010.

The press release is quoted as saying:

In the fourth quarter of 2010 the Company recorded earnings of $58 million or $0.30 per share (basic). Unusual items included a $33 million leach pad inventory write down at the Carlota mine and a $22 million accounting loss on derivatives. Fourth quarter 2010 adjusted earnings totalled $105 million or $0.55 per share (basic).

To read the full press release, click here.