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FNX Mining announce production and CAPEX guidance for 2010
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Monday, 28 Dec 2009
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FNX Mining Company Inc announced that production and capital expenditures guidance for 2010. In 2010, FNX will continue to focus its mining activities on its copper precious metal dominant deposits, including achieving commercial production at the LFD by mid year. The 2010 forecast does not include any production from its primary nickel dominant deposits although that opportunity remains under active consideration and will be assessed on a quarterly basis.

Production in 2010 is expected to total 891,000 tonnes of ore shipped, a 31% increase over the 2009 production plan. The total payable metal forecast for 2010 consists of 48.1 million lbs of copper, 7.7 million lbs of nickel and 74,500 oz of combined platinum, palladium and gold.

Capital expenditures for 2010 are forecast to total USD 75.2 million for operations, USD 13.3 million for mines' exploration and USD 15.7 million for green field exploration. The Company expects its DMC Mining Services division to breakeven during 2010.

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