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Lundin shares surge after profits increase 51% in Q1
Posted on May 16, 2008
Lundin Mining [TSX:LUN; NYSE:LMC] today reported a net earnings of $78.8 million for the first quarter 2008, representing an increase of 51% compared with the first quarter 2007. Earnings per share were up 11%, on the expanded capital, to $0.20 for the quarter. The company also agreed to sell holdings in a zinc and copper project. A subsidiary sold its 90% stake in the Norrliden project to Gold-Ore Resources Ltd., Lundin Mining said in a statement, without disclosing the value of the transaction. Shares in New York are currently up 6% at $8.91....
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