FNX Mining Company Inc. announced unaudited operating and financial results for the quarter ending March 31, 2010. Highlights include: consolidated revenues for the first quarter were Can$50.6 million, compared to Can$49.0 million for the same period of 2009 and net earnings for the period were Can$1.9 million, compared to a net loss of $26.2 million for the comparable period in 2009.
FNX Mining Company Inc. reports that it is continuing its Sudbury, Ontario mining operations as planned and with its full complement of employees. However, as a result of a previously announced 8-week temporary shutdown of the company’s normal custom processing facilities, effective May 29 2009, it has suspended shipments of ore production to the custom mill and is temporarily stockpiling its ore production on surface for future processing. The underground development at both the Levack Footwall Deposit and the Podolsky Mine’s 2000 Deposit will also continue as planned.
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