Credit: REUTERS/ADRIANO MACHADOSAO PAULO, Oct 24 (Reuters) - Brazilian miner Vale VALE3.SA on Thursday reported a 15% quarterly earnings gain as iron ore prices remained above year-ago levels, offsetting the effect of a production decline stemming from a fatal dam burst.
Vale's net profit rose to $1.654 billion from $1.408 billion in the year-ago period, missing the $2.72 billion mean of analysts polled by Refinitiv.
(Reporting By Christian Plumb and Roberto Samora Editing by Chris Reese)
((christian.plumb@thomsonreuters.com; (646) 223-5942; Reuters Messaging: christian.plumb.thomsonreuters.com@reuters.net))
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