(In U.S. dollars unless noted)
TORONTO, May 13 (Reuters) - First Quantum Minerals (FM.TO) said on Tuesday its first-quarter profit rose 54 percent as copper sales volumes and prices both rose.
The company, which said in April it would acquire Scandinavian Minerals SGL.TO for about C$280 million, earned $182 million, or $2.68 a share, in the three months ended March 31.
That was up from $78.3 million, or $1.16 a share, in the year-before period.
Analysts polled by Reuters had expected, on average, a profit of $3.14 a share, before exceptional items.
Quarterly revenue rose 95 percent to $511.5 million.
Copper production was 75,616 tonnes, up from 46,403 tonnes, while copper sales rose to 62,802 tonnes from 44,315 tonnes.
Realized copper prices were $3.51 a pound, up from $2.59 a pound in the year-before period, while cash costs per pound were 99 cents, down from $1.06. (Reporting by Cameron French; Editing by Peter Galloway)