First Quantum Minerals Ltd. today filed an updated technical report for its Cobre Panama project in Panama dated December 31, 2018. The technical report incorporates updates with respect to ramp-up and commissioning of the current operation and provides detail on the expansion of the project from 85 million tonnes per year to 100 Mtpa starting in [...]
First Quantum Minerals Ltd. today reported comparative earnings1 of $182 million , net earnings attributable to shareholders of the Company1 of $198 million and cash flows from operating activities of $338 million for the three months ended December 31, 2018 . For the full year 2018, the Company reports comparative earnings1 of $487 million , net [...]
First Quantum Minerals Ltd. today announced that its Board of Directors has approved a final dividend of CDN$0.005 per share in respect of the financial year ending December 31, 2018. The dividend will be paid on May 7, 2019 to shareholders of record on April 15, 2019. This, together with the interim dividend of CDN$0.005, makes a total of [...]
First Quantum Minerals Ltd. is pleased to announce first introduction of ore to the processing plant at Cobre Panama. On February 7, 2019, ore was introduced through primary crushing and onto the stockpile with initial feed rates between 4,000 and 5,000 tonnes per hour, and on February 11, 2019, ore was introduced through to the first milling [...]
First Quantum Minerals Ltd. today announced that it has signed a new $2.7 billion Term Loan and Revolving Credit Facility underwritten by three core relationship banks. This new Facility replaces the existing $1.5 billion Revolving Credit Facility. The new $2.7 billion Facility comprises a $1.5 billion Term Loan Facility and a $1.2 billion [...]
First Quantum Minerals Ltd. reports that the hydrometallurgical plant at Cobre Las Cruces has resumed copper production with the processing of lower-grade stockpiled ore. The stockpiled ore is expected to provide feed for the next several months while the Company obtains the necessary regulatory approvals to begin mining at Phase 6, an area [...]
First Quantum Minerals Ltd. previously reported on January 23, 2018, that a land slippage occurred on the slope of the northern zone of the open pit mine in the Cobre Las Cruces , located in the municipality of Gerena Spain. The Company can now report that, subject to regulatory approvals, a start-up of the mill is expected to commence sometime [...]
First Quantum Minerals Ltd. reports that during the early morning hours of January 23rd, a land slippage occurred on the slope of the northern zone of the open pit mine in the Cobre Las Cruces mining hydrometallurgical complex, located in the municipality of Gerena Spain, without causing harm to any persons nor any impact on any third party [...]
First Quantum Minerals Ltd. today announced its preliminary production and sales for the three months and year ended December 31, 2018, including record total copper production and sales for the year, exceeding the prior year by approximately 6% and 3%, respectively, and exceeding production guidance. Amounts are preliminary and subject to final [...]
First Quantum Minerals Ltd. today reported comparative earnings1 of $128 million , net earnings attributable to shareholders of the Company1 of $61 million and cash flows from operating activities of $439 million for the three months ended September 30, 2018. The results include a $31 million gain realized under the corporate copper sales hedge [...]
First Quantum Minerals Ltd. will publish its third quarter 2018 financial and operating results on Monday October 29, 2018 after the close of the Toronto Stock Exchange. The Company's President, Clive Newall, will host a conference call and webcast to discuss the results on Tuesday October 30, 2018. Conference call and webcast details are as [...]
First Quantum Minerals Ltd. today noted the following proposed changes to the Zambian mining tax regime that are pertinent to the Company. The proposed changes were included in the country's 2019 budget delivered on September 28, 2018 to the National Assembly and are expected to take effect from January 1, 2019. Mineral Royalty changes: Increase [...]