HudBay Minerals Inc.’s earnings slipped 44.4 percent in the fourth quarter owing to slash in zinc prices that ate into revenue. For full story, click here
Hindustan Zinc Ltd., India’s only integrated producer of zinc and lead, announced financial results for the third-quarter, reporting lower net profit on declined revenues, despite highest ever quarterly metal production from all the existing smelters. For full story, click here
Canadian Zinc Corporation posted its financial results for the quarter ended September 30, 2008. For full story, click here
Sterlite Industries (India) Limited posted its earnings for the Q2 & H1ended 30 September 2008. The company announced highest mined zinc production in any quarter along with refined zinc output at 122,000 tonnes, an increase of 30% over the corresponding prior quarter. For full story, click here For company’s website, click here
HudBay Minerals Inc. announced its unaudited Q3 earnings. The net earnings were $2.8 mn compared with $66.5 mn in Q3 of 2007. Allen J. Palmiere, HudBay’s CEO, said” Our third quarter 2008 results demonstrate that we continue to execute on our production, exploration and strategic objectives. However, these results also reflect changing market conditions, as well as [...]
Indian Zinc producer posted a net profit of Rs 960 cr (US$210 million approximately) for the quarter ended September 30, 2008, a decline of about 18 per cent over the same period last year. For full story, click here For company’s website, click here
By Daniella D’Alimonte At US$0.76 per pound, zinc has made a slight recovery over the last week after it dropped to an over two and a half year low of US$0.73 earlier this month. BHP Billiton Ltd., which currently sits at around US$58 per pound (NYSE PLC), has been in the news for some time [...]
Nyrstar NV reported that first-half earnings declined 87 percent due to falling zinc prices. For more information, click here For Nyrstar’s website, click here
Horsehead Holding Corp., the parent company of Horsehead Corporation, reported consolidated net income of $13.9 million for the second quarter of 2008, or $0.39 per diluted share, on net sales of $130.5 million. Fo full story, click here
Friday, March 6, 2009