09:57 AM EST - Inmet Mining Corp. : announced that its fourth quarter net income was $89.76 million or $1.60 per share, compared to a net loss of $32.51 million or $0.67 per share in the fourth quarter of 2008. Gross sales for the quarter were $290.57 million, up from $139.63 million in the year ago quarter. The company expects copper and zinc sales volumes in 2010 to be higher because it expects higher production. The company expects gold sales volumes to be lower than 2009 because production will end at Troilus mid-year 2010. The company expects copper production to be about 50% higher in 2010 because of the incremental production at Las Cruces. Inmet Mining Corp.
shares T.IMN are trading up $1.40 at $54.25.
