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First Quantum Minerals Reports Second Quarter 2020 Results
First Quantum Minerals Reports Q1 Loss Per Share $0.11
First Quantum Announces Amendments To Financial Covenants
First Quantum Minerals Ltd is a Canada-based company engaged in the production of copper, nickel, gold, zinc, silver and acid, and other related activities including exploration and development of mining properties. The Company’s operating mines are Ravensthorpe, Kansashi, Sentinel, Guelb Moghrein, Cayeli, Las Cruces and Pyhasalmi. The Company has operating mines located in Zambia, Finland, Turkey, Spain and Mauritania. The Company is developing the Cobre Panama copper project in Panama, exploring the Haquira copper deposit in Peru, the Taca Taca copper-gold-molybdenum deposit in Argentina and Trident.
543 Granville St 14th Floor
Philip K. R. Pascall
Executive Chairman of the Board, Chief Executive Officer
G. Clive Newall
Hannes O. Meyer
Chief Financial Officer
General Manager - Finance
Director - Operations
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Miner First Quantum Minerals <FM.TO> is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two banking sources familiar with the discussions said.
Miner First Quantum Minerals is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two banking sources familiar with the discussions said.
Canadian miner First Quantum Minerals Ltd said on Tuesday that production at its Cobre Panama copper mine would ramp up at a slower-than-expected pace after several workers contracted the COVID-19 virus, forcing the miner to implement quarantine measures.
Canadian miner First Quantum Minerals Ltd said on Tuesday it had implemented temporary salary reduction of 20% for certain senior staff including chief executive officer, as part of its immediate cost reduction efforts.
Copper miner First Quantum Minerals Ltd, which in the past has been in talks with a Chinese company about a possible sale of assets, said on Friday discussions to sell minority stakes in its Zambian mines have stalled amid the coronavirus outbreak in China.
Canada's First Quantum Minerals Ltd posted a surprise profit on Thursday, helped by higher sales and production, driven by a ramp up of its Cobre Panama copper mine.
Canada's First Quantum Minerals Ltd reported an 80.8% fall in quarterly comparable profit, hurt by lower copper prices and a rise in the miner's costs as it ramped-up the Cobre Panama copper mine.
Canada's First Quantum Minerals Ltd fell as much as nearly 4% on Monday after the copper miner said it had adopted a poison pill takeover defense, nearly a month after China's Jiangxi Copper Co Ltd agreed to pay $1.1 billion to become the miner's largest shareholder.
Canada's First Quantum Minerals Ltd <FM.TO> said on Monday it had adopted a shareholder rights plan, nearly a month after China's Jiangxi Copper Co Ltd <600362.SS> <0358.HK> agreed to pay $1.1 billion to become the miner's largest shareholder.
Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion to lift output at Africa's biggest copper mine in Zambia, a company document seen by Reuters showed, despite a feud with state miner ZCCM-IH over project funding.
* Legal proceedings follow other cases involving Zambia (Updates share price, adds earlier case settled)
Zambia's Kansanshi Holdings has begun arbitration proceedings against ZCCM Investments Holdings and Kansanshi Mining following a complaint from Zambian state mining company ZCCM-IH, which jointly owns Kansanshi, relating to a money transfer, a statement said on Friday.
Shares of Canada's First Quantum Minerals Ltd <FM.TO> rose as much as 5% to their highest since May on Monday after Jiangxi Copper Co Ltd <600362.SS><0358.HK> agreed to pay $1.1 billion to become the miner's largest shareholder.
Shares of Canada's First Quantum Minerals Ltd rose as much as 5% to their highest since May on Monday after China's Jiangxi Copper Co Ltd agreed to buy a unit of the Canadian miner's largest shareholder for $1.1 billion.
Canadian miner First Quantum Minerals Ltd is looking for strategic partners to develop new copper projects and a joint venture with Rio Tinto in Peru could be on the cards, First Quantum's chief executive officer said on Wednesday.
South Korea's LS Nikko Copper signed a contract with Canada's First Quantum Minerals (FQM) to buy 120,000 tonnes per year of copper concentrate for 15 years starting in 2020, the South Korean copper smelter said on Wednesday.
Shares of First Quantum Minerals Ltd rose as much as 17% on Thursday after an investment firm backed by Chinese state-owned Jiangxi Copper Co Ltd increased its stake in the Canadian miner.
Germany's North Channel Bank has been fined 110 million Danish crowns ($16.2 million) by a court in Denmark for its involvement in a dividend stripping scheme.
Canada's main stock index fell from record highs on Monday as fresh signs of weakness in the euro zone and worries about a U.S.-China trade deal kept investors on the sidelines, while shares in First Quantum Minerals Ltd slumped 10% after the miner denied takeover talks.
Canada's First Quantum Minerals Ltd on Monday confirmed it was in talks with China-based Jiangxi Copper Co Ltd for a potential sale of a minority interest in its Zambian copper assets.
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