12:24 PM EST - First Quantum Minerals Ltd. : announced financial results for the first quarter, posting first-quarter net income of $10.9 million U.S. or $0.16 U.S. per share, compared to $182.0 million U.S. or $2.65 U.S. per share in the prior-year period. Net sales for the period were $268.2 million U.S., compared to $511.5 million U.S. in the same period last year. Further, the company said it still forecasts production for fiscal year 2009 of 380,000 tonnes of copper and 240,000 ounces of gold. First Quantum Minerals Ltd.
shares T.FM are trading down $2.46 at $47.04.
