Shares of Quadra FNX Mining (QUX.TO) rose as much as 8 percent on Monday, after the base metal miner reported a 25 percent rise in fourth-quarter profit, helped by record high copper prices. Earnings were also boosted by an increase in production from the combined Quadra and FNX asset base. Quadra acquired FNX in an all-stock deal worth C$1.6 billion ($1.65 billion) last year. The company's net income was $57.9 million, or 30 cents a share, compared with $46.5 million, or 46 cents a share, a year earlier. On an adjusted basis, it earned 55 cents per share, compared with 51 cents in the same period of 2009.
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