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First Quantum Minerals Ltd (FM.TO)

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Latest Key Developments (Source: Significant Developments)

First Quantum Minerals reports Q2 EPS $0.06
Wednesday, 27 Jul 2016 05:00pm EDT 

First Quantum Minerals Ltd : First quantum minerals reports second quarter 2016 results . Q2 revenue view $730.0 million -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.06 . Q2 earnings per share view $0.05 -- Thomson Reuters I/B/E/S . Qtrly sales revenue $659 million versus $558 million .Qtrly guidance on total capital expenditure for 2016 to 2018 is unchanged.  Full Article

First Quantum says completed new term loan and revolving credit facility
Tuesday, 31 May 2016 02:23am EDT 

First Quantum Minerals Ltd : Completed a new term loan and revolving credit facility with its core relationship banks . New facility replaces existing $3 billion facility . New $1.82 billion facility comprises $907.5 million term loan facility, and $907.5 million revolving credit facility . Under new facility, current net debt to ebitda covenant ratio of 5.5x will now be maintained until q3 2017 .Facility will leave company with approximately same liquidity within next 12 months.  Full Article

First Quantum Minerals announces new $1.82 bln credit facility
Friday, 27 May 2016 01:50pm EDT 

First Quantum Minerals Ltd: First Quantum announces refinancing with improved financial covenants and amortization schedule . New facility replaces existing $3 billion facility . New $1.815 billion facility comprises $907.5 million loan facility, a $907.5 million revolving credit facility, maturing in December 2019 .New facility also incorporates an accordion feature to enable it to be increased to up to $2.2 billion at company's discretion.  Full Article

First Quantum Minerals Ltd says workers at Turkey mine on strike - Reuters
Tuesday, 3 Nov 2015 10:12am EST 

First Quantum Minerals Ltd:First Quantum Minerals said on Tuesday workers at its Cayeli copper-zinc mine in Turkey are on strike since Oct. 30, following a failure to reach an agreement over pay - RTRS.The dispute was over a three-year contract that is up for renewal, First Quantum President Clive Newall said in an e-mail to Reuters - RTRS.The Cayeli mine is an underground copper and zinc operation located on the Black Sea coast of northeastern Turkey - RTRS.First Quantum said activity at the mine will be limited to environment and safety, mine dewatering and underground rehabilitation and the company remained open to reaching an agreement with the union - RTRS.  Full Article

First Quantum Minerals reports strike action at its Cayeli Mine
Tuesday, 3 Nov 2015 08:50am EST 

First Quantum Minerals:Reports strike action at its Cayeli Mine.Activity at mine site will be limited to areas of environment and safety, mine dewatering, and underground rehabilitation.The company remains open to reaching an agreement with the union".Says the union started strike action at the cayeli copper-zinc mine on October 30, 2015.Collective bargaining between unit cayeli bakir isletmeleri a.s. and mining workers' union has failed to reach an agreement.  Full Article

First Quantum Minerals Ltd reaffirms FY 2015 production guidance
Thursday, 30 Jul 2015 02:00am EDT 

First Quantum Minerals Ltd:Says that FY 2015 production estimates maintained for all major metals while cash operating cost for copper reduced to $1.25 - $1.40 per pound and for nickel to $4.75 - $5.00 per pound.  Full Article

First Quantum Minerals declares interim dividend
Wednesday, 29 Jul 2015 05:00pm EDT 

First Quantum Minerals Ltd:To pay an interim dividend of C$0.0330 per share.Payable on Sept. 21 to shareholders of record on Aug. 28.  Full Article

Caravel Minerals Ltd signs farm-in agreement with First Quantum Minerals Ltd on Calingiri project
Sunday, 31 May 2015 07:21pm EDT 

Caravel Minerals Ltd:Says that it has secured continued support of First Quantum Minerals, after signing farm-in agreement (FIA) for its flagship Calingiri Copper-Molybdenum Project in WA.Says under FIA, First Quantum Minerals has the right to contribute A$3.6 million to ongoing exploration activities to earn a 50.1 pct. interest in Calingiri Project.Says that Caravel will provide First Quantum Minerals with a first right of offer to increase their equity in Calingiri project after obtaining 50.1 pct. interest.  Full Article

First Quantum Minerals Ltd announces terms of C$1.25 billion equity offering
Thursday, 21 May 2015 10:07am EDT 

First Quantum Minerals Ltd:Enters into an underwriting agreement with a syndicate of underwriters led by RBC Capital Markets and Goldman Sachs Canada Inc, to sell 76,923,000 common shares of First Quantum at a price of Cdn$16.25 per common share to raise gross proceeds of C$1.25 billion.Company has granted the Underwriters an over-allotment option to purchase an additional 11,538,450 common shares of First Quantum at the Offering Price, exercisable at any time, and from time to time, in whole or in part, up to 30 days from the closing of the Offering.If the Over-Allotment Option is exercised in full, the total gross proceeds to First Quantum will be C$1.44 billion.  Full Article

Latin Resources Ltd's Peruvian subsidiary, Peruvian Latin Resources S.A.C. signs MOU with First Quantum Minerals Ltd's Minera Antares Perú S.A.C.
Sunday, 15 Mar 2015 08:39pm EDT 

Latin Resources Ltd:Announces signing of memorandum of understanding (MOU) by its Peruvian subsidiary, Peruvian Latin Resources S.A.C. and Minera Antares Perú S.A.C., Peruvian subsidiary of First Quantum Minerals Ltd.Objective is for two companies to collaborate together under terms of MOU with the aim of discovering mineral deposits worthy of further exploration and development.Antares will have exclusive rights (with PLR) to undertake exploration for 12 months within 65,730 hectares of PLR's 100 pct. owned mining concessions in Southern Peru, considered prospective by both companies for porphyry copper and IOCG deposits of significant scale.  Full Article

BRIEF-First Quantum Minerals to release Q3 results on Oct 27

* First Quantum Minerals to release third quarter 2016 financial and operating results on October 27, 2016 Source text for Eikon: Further company coverage: