Quadra rolls out 2006 profit

摘要

Improved performance at its flagship Robinson copper-gold mine near Ely, Nev., propelled Quadra Mining (QUA-T, QADMF-O) to deliver net earnings of 54.7 million US dollars in last year's final quarter - up from 2.2 million US dollars in 2005 - and buoyed annual profits to 32,2 million US dollars or 88 cents per share from a loss of 2 million US dollars. "We are pleased to report this level of earnings in what has been a difficult year, both because of our decision to hedge our 2006 production and because of copper recovery issues at Robinson," said Quadra president and CEO Paul Blythe.