Zinc sales, premiums bolster Noranda Income Fund’s net

Nov 13, 2013 | 10:54 AM | Daniel Fitzgerald

Tags  Noranda Income Fund, zinc, zinc premiums, Canadian Electrolytic Zinc, CEZinc, Glencore Canada, zinc production, Manuel Alvarez Davila Daniel Fitzgerald

NEW YORK — Noranda Income Fund, which owns the zinc processing facility operated by Canadian Electrolytic Zinc Ltd. (CEZinc), recorded higher revenue in the third quarter due to an improvement in zinc sales and premiums.

The Salaberry-de-Valleyfield, Quebec-based company posted net income of Canadian $7.3 million ($6.9 million) for the three months ended Sept. 30, more than five times the C$1.4 million recorded in the same period last year, on revenue that increased 15.5 percent....

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