Eagle Mine Results Reported

The Eagle Mine in Marquette County produced 57-million dollars worth of nickel, 27-million dollars worth of copper, and four-million dollars worth of other metals during the first quarter of 2015. In its first-quarter statement, Lundin Mining said that the ore being mined is of higher quality than was expected, and that mill operations at the Humboldt facility have been more efficient than anticipated. First quarter earnings, however, were lower than expected because of depressed mineral prices. Lundin says it has invested 385-million dollars in the Eagle project. The company still needs to finish some work on the access route to the mine, which it plans to begin as soon as weather allows. You can see Lundin’s full first-quarter report here. The summary of the Eagle project is on page 16.