U.S. Markets closed

Rubicon Minerals posts 4Q profit

VANCOUVER, British Columbia (AP) _ Rubicon Minerals Corp. (RBYCF) on Wednesday reported fourth-quarter net income of $85.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of $9.71.

For the year, the company reported net income of $85.2 million, or $21.04 per share, swinging to a profit in the period.

In the final minutes of trading on Wednesday, the company's shares hit $1.39. A year ago, they were trading at $8.05.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBYCF at https://www.zacks.com/ap/RBYCF


Keywords: Rubicon Minerals, Earnings Report