Quadra FNX reports Q2 earnings of $21.7 million

Quadra FNX Mining Ltd. announced Aug. 12 its second quarter earnings were $21.7 million.

The company was created in May after Sudbury miner FNX Mining Company and British Columbia-based Quadra Mining merged.

Earnings in the quarter benefited from a higher average copper price in the current year, and the increased earnings contributed from the Carlota and Franke Mines, as well as the earnings from the Sudbury operations, according to a press release from the company.