Company Profile For Inmet Mining Corporation

Inmet Mining Corporation (IMN.TO) (Toronto Stock Exchange)
sector: Basic Materials · industry: Mining & Metals - Specialty ·
As of  27 Nov 2009
63.95CAD
Price Change
-0.32
Percent Change
-0.50%
 
 
Research a stock:   symbol lookup

Overview

Inmet Mining Corporation is a Canadian-based global mining company that produces copper, zinc and gold. The Company has operations and development projects in Turkey, Finland, Canada, Papua New Guinea, Spain and Panama. Cayeli Bakir Isletmeleri A.S. is a wholly owned subsidiary of Inmet Mining Corporation. Its main asset is the Cayeli copper and zinc mine. The Cayeli mine is located in the province of Rize near the Black Sea coast of northeastern Turkey. Pyhasalmi Mine Oy is a wholly owned subsidiary of the Company. Its main asset is the Pyhasalmi copper and zinc mine. Pyhasalmi holds both mining concession leases and holds over 3,000 hectares of exploration claims throughout Finland. Troilus operates as a division of the Company. The Troilus property includes one mining lease covering an area of 840 hectares. On September 19, 2008, the Company acquired approximately 95% of Petaquilla Copper Ltd., which held a 26% ownership in the Petaquilla project.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Inmet Mining Corporation's revenues decreased 13% to C$570.6M. Net income decreased 28% to C$179.4M. Revenues reflect a decrease in sales from Cayeli & Pyhasalmi segments. Net income also reflects an increase in depreciation, a rise in general & administration, the presence of asset impairment, an increase in interest expense and lower operating margins.

Company Address

Inmet Mining Corporation
330 Bay Street
Suite 1000
Toronto   ON   M5H 2S8
P: +1416.3616400
F: +1416.3684692

Total Employees

3400

Find Out More About IMN.TO

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives
advertisement