Quadra FNX Mining Ltd. Announces 2010 Second Quarter Financial Results

Quadra FNX Mining Ltd. (TSX:QUX) announced net earnings of $21.7 million or $0.16 per share  for the three months ended June 30, 2010 compared to a loss of $7.3 million or ($0.08) per share for the three months ended June 30, 2009.

The press release is quoted as saying:

Earnings in the quarter benefited from a higher average copper price in the current year, and the increased earnings contributed from the Carlota and Franke Mines, as well as the earnings from the Sudbury operations since May 21, 2010 (the date after the closing of the merger with FNX Mining Ltd.).

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