First Quantum Minerals Ltd. today reported for the three months ended December 31, 2019 comparative earnings1 of $35 million , net loss attributable to shareholders of the Company1 of $115 million and cash flows from operating activities of $400 million . For the full year 2019, the Company reports comparative earnings1 of $249 million , net loss attributable to shareholders of the Company1 of $57 million and cash flows [...]
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, 2019. The dividend will be paid on May 7, 2020 to shareholders of record on April 16, 2020. This, together with the interim dividend of CDN$0.005, makes a total of CDN$0.01 for the 2019 financial year. The Company has established a Dividend [...]
First Quantum Minerals Ltd. will release fourth quarter and full year 2019 financial and operating results on Thursday February 13, 2020 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Friday February 14, 2020 at 9:00 am . Conference call and webcast details are as follows: Date: February 14 Time: 9:00 am ; 2:00 pm ; 6:00 am Webcast [...]
First Quantum Minerals Ltd. will release fourth quarter and full year 2019 financial and operating results on Thursday February 13, 2020 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Friday February 14, 2020 at 9:00 am . Conference call and webcast details are as follows: Date: February 14 Time: 9:00 am ; 2:00 pm ; 6:00 am Webcast [...]
First Quantum Minerals Ltd. today announced that it has issued a notice of redemption for all of its outstanding 7.00% Senior Notes due February 15, 2021 on February 15, 2020 . The aggregate principal amount outstanding of the 2021 Notes is $300 million. The 2021 Notes will be redeemed at a price of 100.00% of the principal amount thereof, plus accrued and unpaid interest to the Redemption Date. The Redemption Price will [...]
First Quantum Minerals Ltd. today announced that it has successfully completed the pricing of its tap issuance of $500 million aggregate principal amount of 7.25% Senior Notes due 2023 and an additional tap issuance of $250 million aggregate principal amount of 7.50% Senior Notes due 2025 . The original tap offering amount of $300 million has been increased to $750 million. The issue price of the 2023 New Notes is 102.50 [...]
First Quantum Minerals Ltd. today announced that it is launching an offering of an additional $300 million principal amount of its Senior Notes due 2023 . The Company currently has $1.1 billion of Senior Notes due 2023 outstanding and the Additional 2023 Notes will be offered under the same indenture as the Existing 2023 Notes. The Additional 2023 Notes will be senior unsecured obligations of the Company and will be [...]
First Quantum Minerals Ltd. today announced preliminary production for the three months and year ended December 31, 2019, and guidance for production, capital expenditure and costs for the years 2020 to 2022. 2019 PRELIMINARY PRODUCTION The Company achieved its highest ever annual copper production of 702,000 tonnes, an increase of 96kt from 2018 production. Copper production in Q4 2019 was 204kt compared to 158kt in the [...]
First Quantum Minerals Ltd. has adopted a shareholder rights plan with Computershare Investor Services Inc. as rights agent effective as of January 6, 2020 . The Company has also adopted an advance notice policy effective as of the Effective Date. Rights Plan The Rights Plan has been adopted with a view to ensure, to the extent possible, that all shareholders of the Company are treated fairly in connection with any [...]
First Quantum Minerals Ltd. today reported comparative earnings1 of $32 million or $0.05 per share1, net loss1 attributable to shareholders of the Company of $73 million or $0.11 per share after now deducting depreciation and interest charges for Cobre Panama since commercial production and cash flows from operating activities of $151 million or $0.22 per share1, for the three months ended September 30, 2019. Commercial [...]
First Quantum Minerals Ltd. is pleased to announce that Cobre Panama has achieved commercial production effective September 1, 2019. This accomplishment was achieved one month earlier than previously expected as a result of a rapid and efficient ramp-up of production by the Company’s project construction and operations teams. Cobre Panama is on track to produce between 140,000 – 175,000 tonnes of copper in [...]
First Quantum Minerals Ltd. acknowledges the announcement by Pangaea Investment Management regarding its beneficial ownership of shares in the company. PIM is an associate of Jiangxi Copper Company Ltd. , which is a substantial non-controlling shareholder of and lender to PIM. As previously announced the company has in recent months been in discussions with Jiangxi Copper regarding a possible investment in the Zambian [...]