Resource company Equinox Minerals Ltd
(ASX:EQN) says second quarter copper production results at its Lumwana mine in Zambia were well below expectations.
The company says it produced 53 million pounds of copper concentrate grading 39.1 per cent in the second quarter, up from 49 million pounds in the first quarter.
Equinox says its second quarter result was affected by the availability and productivity of the mine truck and shovel mobile equipment fleet, and issues with the ore body.
The company says management is currently reviewing 2009 annual production and cost targets. Equinox Minerals posted a net profit of $172.6 million U.S. in 2008 its first profit in five years.
