DIVERSIFIED MINERS
Higher copper and zinc prices and improved copper sales volumes that were driven by higher output, have contributed to lift Canada’s largest diversified miner’s first-quarter profit by 15%, the company announced on Tuesday. Adjusted profit attributable to shareholders, which typically excludes special items during a period, was $753-million, or $1.31 a share, compared with $655-million, or C$1.13 a share, in the comparable quarter a year earlier. This was a miss when compared with average Bay Street analyst estimates calling for quarterly earnings of C$1.34 a share, according to Thomson Reuters data.
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