Higher copper, zinc prices boost Inmet's earnings in third quarter

Nov 02, 2005 | 08:33 AM |

Benefiting from higher metal prices, Inmet Mining Corp., Toronto, posted a 58.7-percent jump in third-quarter net income to Canadian $36.8 million ($31.2 million) on a 33.2-percent increase in sales to C$178.2 million ($151.1 million) compared with the same period last year.

INMET MINING CORP.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$178,170$133,758Net income$36,788$23,183Per share0.820.549 months ended Sept. 30Net sales$517,824$425,886Net income$97,256$60,692Per share2.261.45In Canadian dollars.For the nine months ended Sept. 30, net income rose 60.2 percent to C$97.3 million ($82.4 million) on sales that climbed 21.6 percent to C$517.8 million ($438.9 million) compared with a....

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