Lundin Mining Corp. (TSX:LUN) has reported a 51% increase in net earnings to $78.8 million for the first quarter of 2008 compared with $52.1 million for the same quarter in 2007.
Sales for the Vancouver-based mining giant increased to $305.7 million for the quarter compared with $193.9 million in 2007's first quarter.
Lundin said that a large portion of the increase is related to the inclusion of sales from the Aguablanca mine in Spain, which the company bought in July 2007.
Copper and lead prices have increased since last year's first quarter; zinc and nickel prices have fallen.
The company has operations in Portugal, Spain, Sweden and Ireland.
Lundin's share price range during the past week: between $7.68 and $8.03; 52-week high: $15.42; 52-week low: $6.50.