Video: Junior market dominated by ‘the lame, the halt and the blind,’ says Rule
Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule.
July 25 (Reuters) – Canada’s Lundin Mining Corp said Chief Executive Officer Paul Conibear is retiring and also reported a 3 percent rise in second-quarter profit on Wednesday.
The base metal producer said Chief Financial Officer Marie Inkster will take up the role of CEO.
The company’s net income rose to $87.5 million, or 11 cents per share, in the quarter ended June 30, from $85 million, or 10 cents per share, a year earlier.
Revenue rose to $467.7 million from $454.7 million.
(Reporting by Anirban Paul in Bengaluru; Editing by Shounak Dasgupta)
