Low first quarter earnings.
Mining giants, Inco Ltd. and Falconbridge Ltd. both report lower first-quarter earnings.
Falconbridge Ltd.'s first-quarter earnings fell to $4.6 million, or one cent a share, from $109.5 million for the same period last year. Revenue for the first quarter was $532.5 million, down from $666.6 million. The strike in Sudbury decreased earnings by $54.6 million for the quarter, a spokesperson says.
Inco Ltd. reported net earnings of $85 million, or 43 cents per common share, for...
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