February 13, 2020 / 9:33 PM / 10 days ago

First Quantum quarterly profit falls on lower copper prices

Feb 13 (Reuters) - 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.

Comparative earnings for the fourth quarter ended Dec. 31 fell to $35 million, or 5 cents per share, from $182 million, or 26 cents per share, a year earlier.

First Quantum’s total copper production rose 29% to 204,270 tonnes. (Reporting by Jeff Lewis & Arundhati Sarkar in Bengaluru; Editing by Vinay Dwivedi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below