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Quadra FNX Mining Lower, But Off Day Low as Q2 Result Fallout Continues; Names New CFO

Quadra FNX Mining Ltd. (QUX.TO) is lower, but off a day low 10.08, as the fallout continues from Thursday's Q2 result.

The stock has been under selling pressure since it reported second quarter adjusted earnings, which exclude the impact of derivative gains, gains and losses on marketable securities and investments, merger costs and related tax adjustments, were $20.6 million or $0.15 per share (basic). This compares to $10.8 million in the previous corresponding period.

Separately, today it named Robert MacDonald as its new Chief Financial Officer, effective August 16th, 2010. MacDonald takes over from Stuart McDonald.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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