Reuters: Inmet profits from higher copper, Ok Tedi sale

Inmet Mining bettered its earnings in the first quarter compared to Q1 of last year, Reuters reported:

Inmet Mining’s (IMN.TO) first quarter profit rose on higher metal prices and higher sales volumes, the Canadian copper producer said on Thursday.  Inmet earned C$59.4 million, or 97 Canadian cents a share, from continuing operations. That compared with C$49.4 million or 96 Canadian cents a share in the year-ago period.  The Toronto-based company sold its 18 percent stake in Ok Tedi Mining for $335 million in January.