First Quantum earnings dip on Inmet buy

May 07, 2013 | 05:32 PM |

Tags  First Quantum Minerals, earnings report, Inmet Mining, copper, nickel, Kevitsa, Kansanshi, Cayeli Las Cruces

NEW YORK — First Quantum Minerals Ltd.’s earnings dipped in the first quarter due to an increase in general and administrative costs related to the company’s acquisition of Inmet Mining Corp.

Vancouver, British Columbia-based First Quantum posted net income attributable to shareholders of $112.4 million, down 40 percent from $186.7 million in the fourth quarter of 2012 and well below nearly $1.34 billion in the first three months of last year, when earnings were considerably higher due....

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