First Quantum's revenue jumps 20 pct as copper production rises

Thu Apr 28, 2016 5:15pm EDT
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April 28 (Reuters) - Canadian base metal miner First Quantum Minerals Ltd reported a 20 percent jump in quarterly revenue as copper production rose.

Net earnings from continuing operations attributable to First Quantum was $49 million in the first quarter ended March 31, compared with a loss of $78 million a year earlier.

Sales revenue rose to $720 million from $602 million.

Copper production increased about 30 percent to 119,287 tonnes.

(Reporting by Manish Parashar in Bengaluru; Editing by Sriraj Kalluvila)