Moly Investing News » Quadra Mining 2009 Fourth Quarter Financial Results

Quadra Mining 2009 Fourth Quarter Financial Results

March 8, 2010 @ 3:10 pm In Moly Company News

Quadra Mining Ltd. (TSX:QUA) reported net earnings of $80.5 million or $0.89 per share for the year ended December 31, 2009 compared to $38.6 or $0.61 per share for the year ended December 31, 2008.

The press release is quoted as saying:

Earnings in 2009 benefited from a strong recovery in copper prices which increased from $1.32/lb. to $3.33/lb. over the course of 2009. Earnings in 2009 were also impacted by a $54.5 million accounting loss on derivatives which was also a result of the increasing copper prices in the year.

Click here to access the entire press release ^[1]

Click here to access Quadra Mining Corporate Site ^[2]

Article printed from Moly Investing News: http://molyinvestingnews.com

URL to article: http://molyinvestingnews.com/1774-quadra-mining-2009-fourth-quarter-financial-results.html

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Quadra-Mining-Ltd-Announces-2009-Year-End-and-Fourth-Quarter-Financial-Results-TSX-QUA-1127839.htm

[2] Click here to access Quadra Mining Corporate Site: http://www.quadramining.com