Quadra FNX Mining said that there has been a 20% increase in the second quarter production for 2011. The combined payable production included 55 million pounds of copper, 27 thousand ounces of total precious metals and 2 million pounds of nickel.
Paul Blythe, President and Chief Executive Officer of Quadra FNX Mining said that their production profile improved through the second quarter as optimization initiatives at their operations began to deliver positive results and they expected this trend to continue in the second half of the year.
Mr Blythe added that the ongoing measures to improve flexibility at Robinson mine were on track, and Franke mine was now back at full mining capacity. Overall, their consolidated copper production was expected to be within the previously stated guidance of 240 million pounds +/-10%.
He said that they had also made progress on a potential re-start of their primary nickel capacity at their Sudbury operations with a waiver obtained from Vale. Their team remains focused on their existing operations and advancing their significant growth profile.
Quadra FNX Mining Ltd. is a leading mid-tier copper mining company with corporate offices in Vancouver, B.C. and Toronto, Ontario. Quadra FNX produces copper, nickel and precious metals from its operating mines: Robinson in Nevada, Carlota in Arizona, Franke in northern Chile, and Levack, which includes the Morrison Deposit, Podolsky and McCreedy West in Sudbury, Ontario.