First Quantum net soars on higher copper, nickel sales

Jul 31, 2014 | 06:26 PM | Saranya Kapur

Tags  copper, nickel, First Quantum Minerals, Philip Pascall, Taca Taca, Lumina, Saranya Kapur

NEW YORK — First Quantum Minerals Ltd.’s earnings soared in the second quarter on a sharp jump in copper and nickel sales.

The Vancouver, British Columbia-based miner posted net income of $133.6 million for the three months ended June 30, up 85.8 percent from the same period last year, on an 8.7-percent increase in revenue to $945.1 million. Copper sales volume increased 19.3 percent to 114,449 tonnes....

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