Markets

Scorpio Mining $4 Million in Q1 2012; Shares Nearing Day Lows

Scorpio Mining Corporation (SPM.TO) reported its financial and operating results for the first quarter ended March 31, 2012.

Highlights:

- Net earnings of $4 million compared to $6.6 million in the corresponding quarter of last year

- Mine operating earnings of $5.9 million compared to the previous year's $12.5 million

- Cash flow from operating activities of $2.9 million compared to $10.8 million

SPM is now unchanged at $1.10, which is just 2 cents above day lows. Volume traded is over 141,000 shares.

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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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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