11:43 AM EST - Quadra Mining Ltd. : posted first-quarter net earnings of $26.6 million U.S. or $0.40 U.S. per share, compared to $78.5 million U.S. or $1.39 U.S. per share in the prior-year period. The company said the earnings were impacted by a derivative loss of $8.81 million U.S. or $0.13 U.S. per share related to the decline in the fair value of its copper put options due to the increasing copper price during the quarter. Quarterly revenues for the period were $106.31 million U.S., compared to $198.03 million U.S. in the same period last year. Quadra Mining Ltd.
shares T.QUA are trading even at $8.08.
