12:02 PM EST - Inmet : reported third quarter net income of $61.55 million or $1.10 per share, compared to $75.06 million or $1.55 per share last year. Gross sales declined to $241.12 million from $247.5 million in the prior-year quarter. The company said it revised its annual 2009 production objectives because production so far this year at Cayeli, Ok Tedi and Las Cruces has been lower than it expected. The company reduced its production objectives overall from second quarter estimates, by 13,100 tonnes of copper, 1,900 tonnes of zinc, 6,400 ounces of gold and 23,000 tonnes of pyrite. Inmet
shares T.IMN are trading down $3.04 at $59.86.
