First Quantum Minerals Ltd.

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 Revolving Credit Facility , maturing on December 31, 2022. The Facility will be [...]

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 unaffected by the incident.  The Company previously reported that a major land [...]

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 in February to process the existing stockpiles while developing a plan to [...]

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 facilities or land. The company has immediately activated the established safety [...]

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 adjustment. The final amounts and the 2019 to 2021 market guidance will be [...]

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 program. SUMMARY: Operations Continue to Deliver Solid Results; Production [...]

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 follows: Date:          October 30, 2018 Time:        9:00 am ; 2:00 pm ; 6:00 am [...]

 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 mineral royalty rates by 1.5% at all levels of the existing scale Introduce [...]

First Quantum Minerals Ltd. today addressed the announcement of a Supreme Court ruling in connection to the constitutionality of Law 9 of 1997. Minera Panama, a subsidiary of the Company, understands that the Supreme Court ruling only affects the enactment of Law 9, and does not affect the mining concession contract itself, which remains in effect, and therefore allows continuity of development of the Cobre Panama [...]

TORONTO, Aug. 20, 2018 /CNW/ - First Quantum Minerals Ltd. regrets to announce that a worker at its Cobre Panama project passed away today following a fall whilst constructing an electrical transmission line in the tailings management facility area. A second worker was injured in the same incident and has been transferred to hospital. Cobre Panama has advised the relevant authorities and will assist their investigations [...]