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Dual-listed Equinox Minerals Ltd (ASX:EQN) has booked a turnaround full year profit, with full-year copper production exceeding its guidance.
In the twelve months to 31 December 2010, the copper miner posted a net profit of $269 million, rebounding from a loss of $183 million the year before.
Full-year production climbed 34 per cent to 146,690 tonnes.
Earlier this week Equinox formally launched a $4.8 billion hostile takeover bid for Toronto-listed Lundin Mining.
In January Equinox announced that it had successfully completed its $1.25 billion takeover of Citadel Resource Group Ltd (ASX:CGG).
Equinox Minerals generated a net profit of $124.33 million in the six months to 30 June 2010.