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Message: Lundin Mining Q4 copper output rises 10%

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Lundin Mining Q4 copper output rises 10%

posted on Jan 17, 12 10:40AM (Log in to use the IP Check tool) ^[?]

Lundin Mining said copper production rose 10% in the fourth quarter, helped partly by strong results at its Neves-Corvo mine in Portugal.

The company produced 27 488 t of copper in the quarter, up from the 24 908 t a year ago. Zinc production rose 15% to 27 053 t.

"Copper production for the quarter from our own operations exceeded expectations while zinc and lead approximated latest guidance," Lundin Chief Executive Paul Conibear said in a statement.

Full-year copper production fell five percent to 75 877 t, mainly due to production issues at Neves-Corvo earlier in 2011.

The company's zinc plant was used to process copper ore in the fourth quarter, which helped make up for lost production.

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