First Quantum profit more than doubles on higher copper, gold sales
March 5 (Reuters) - First Quantum Minerals Ltd, which is engaged in a hostile takeover bid for rival base metal miner Inmet Mining Corp, reported a 146 percent jump in quarterly profit helped by higher copper and gold sales.
Net earnings attributable to shareholders rose to $186.7 million, or 39 cents per share, in the fourth quarter, from $76 million, or 16 cents per share, a year earlier.
Revenue rose 37 percent to $774.6 million.
© Thomson Reuters 2016 All rights reserved.