Talvivaara disappointed with first-quarter performance

FTSE 250 base metals miner Talvivaara has acknowledged that the first quarter of 2012 was disappointing as it reported an operating loss for the three months to the end of March.

FTSE 250 base metals miner Talvivaara has acknowledged that the first quarter of 2012 was disappointing as it reported an operating loss for the three months to the end of March.

"The first quarter of 2012 was a difficult period for Talvivaara with disappointing production and financial performance," admitted outgoing Chief Executive Officer Pekka Pera who will be replaced by Harri Natunen as of tomorrow and become the Executive Chairman.

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