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First Quantum Minerals Ltd (FM.TO)

FM.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

First Quantum Minerals Reports Q1 Loss Per Share $0.11
Tuesday, 28 Apr 2020 

April 27 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM MINERALS REPORTS FIRST QUARTER 2020 RESULTS.Q1 REVENUE $1.182 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.25 BILLION.Q1 LOSS PER SHARE $0.11.Q1 EARNINGS PER SHARE ESTIMATE $-0.09 -- REFINITIV IBES DATA.195,285 TONNES OF TOTAL COPPER PRODUCTION FOR Q1, AN INCREASE OF 43%.68,788 OUNCES OF TOTAL GOLD PRODUCTION FOR Q1, AN INCREASE OF 39%.2020 PRODUCTION GUIDANCE HAS BEEN REDUCED FOR COPPER BY 75,000 TONNES TO 755,000 - 805,000 TONNES.2020 PRODUCTION GUIDANCE HAS BEEN REDUCED FOR GOLD BY 30,000 OUNCES TO 250,000 - 270,000 OUNCES.2020 CAPITAL EXPENDITURE GUIDANCE HAS BEEN REDUCED BY $175 MILLION..  Full Article

First Quantum Announces Amendments To Financial Covenants
Wednesday, 22 Apr 2020 

April 22 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM ANNOUNCES AMENDMENTS TO FINANCIAL COVENANTS.FIRST QUANTUM MINERALS LTD - NET DEBT TO EBITDA RATIO HAS BEEN INCREASED TO 5.00 FOR THIRD AND FOURTH QUARTERS OF 2020.FIRST QUANTUM MINERALS LTD - DEBT SERVICE COVER RATIO HAS BEEN DECREASED TO 1.00 FOR SECOND, THIRD AND FOURTH QUARTERS OF 2020.FIRST QUANTUM MINERALS LTD - FINANCIAL COVENANTS WILL REVERT TO ORIGINAL RATIOS FROM 2022.  Full Article

First Quantum Minerals Says Production And Sales Remain Stable In Current Environment And Maintains Its Production Guidance For Year
Tuesday, 24 Mar 2020 

March 24 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM MINERALS LTD - PRODUCTION AND SALES REMAIN STABLE IN CURRENT ENVIRONMENT AND MAINTAINS ITS PRODUCTION GUIDANCE FOR YEAR.FIRST QUANTUM - CAPITAL SPENDING IS BEING REVIEWED COMPANYWIDE WITH POTENTIAL TO DEFER SOME CAPITAL SPENDING ORIGINALLY PLANNED FOR THIS YEAR..FIRST QUANTUM MINERALS LTD - OPERATING COSTS AT ALL SITES ARE BEING REVIEWED TO IDENTIFY OPPORTUNITIES TO FURTHER REDUCE COSTS..FIRST QUANTUM MINERALS LTD - IMPLEMENTED A TEMPORARY SALARY REDUCTION OF 20% FOR CERTAIN SENIOR STAFF INCLUDING CEO..  Full Article

First Quantum Minerals Reports Q4 Loss Per Share $0.17
Friday, 14 Feb 2020 

Feb 13 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM MINERALS REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 REVENUE $1.284 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.33 BILLION.WELL ON OUR WAY TO OUR GOAL OF PRODUCING MORE THAN 800,000 TONNES OF COPPER A YEAR.TOTAL COPPER PRODUCTION IN Q4 OF 204,270 TONNES PRODUCED.Q4 COST OF COPPER PRODUCTION, AISC OF $1.73 PER LB.GOLD PRODUCTION OF 77,789 OUNCES IN Q4.SEES 2020 PRODUCTION OF COPPER IN TONNES OF 830,000 - 880,000.SEES 2020 GOLD PRODUCTION IN OUNCES OF 280,000 - 300,000.SEES 2020 TOTAL CAPITAL EXPENDITURE $850 MILLION.SEES 2020 COPPER CASH COST $1.20 - $1.40/LB AND AISC OF $1.70 - $1.85/LB.NICKEL PRODUCTION AT RAVENSTHORPE IS EXPECTED TO RAMP-UP THROUGH 2020.QTRLY LOSS PER SHARE $0.17.QTRLY COMPARATIVE EPS $0.05.  Full Article

First Quantum Minerals Announces Pricing Of Senior Notes Offering
Friday, 10 Jan 2020 

Jan 9 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM MINERALS ANNOUNCES PRICING OF SENIOR NOTES OFFERING.FIRST QUANTUM MINERALS LTD - COMPLETED PRICING OF ITS TAP ISSUANCE OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 7.25% SENIOR NOTES DUE 2023.FIRST QUANTUM MINERALS LTD - COMPLETED PRICING OF ADDITIONAL TAP ISSUANCE OF $250 MILLION AGGREGATE PRINCIPAL AMOUNT OF 7.50% SENIOR NOTES DUE 2025.FIRST QUANTUM MINERALS LTD - ORIGINAL TAP OFFERING AMOUNT OF $300 MILLION HAS BEEN INCREASED TO $750 MILLION.  Full Article

First Quantum Minerals Announces Offering Of Additional $300 Mln Principal Amount Of Senior Notes Due 2023
Thursday, 9 Jan 2020 

Jan 9 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM MINERALS ANNOUNCES SENIOR NOTES OFFERING.OFFERING OF AN ADDITIONAL $300 MILLION PRINCIPAL AMOUNT OF ITS SENIOR NOTES DUE 2023.  Full Article

First Quantum Minerals Announces 2019 Preliminary Production And 2020-2022 Guidance
Thursday, 9 Jan 2020 

Jan 9 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM MINERALS ANNOUNCES 2019 PRELIMINARY PRODUCTION AND 2020-2022 GUIDANCE.QTRLY COPPER PRODUCTION WAS 204KT COMPARED TO 158KT IN SAME QUARTER IN 2018.SEES 2020 GOLD PRODUCTION 280,000 OUNCES - 300,000 OUNCES.SEES FY 2020 COPPER PRODUCTION IN THE RANGE OF 830KT - 880KT.SEES 2020 TOTAL CAPEX 850 MILLION.  Full Article

First Quantum Minerals Posts Q3 Loss Per Share Of $0.05
Tuesday, 29 Oct 2019 

Oct 28 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM MINERALS REPORTS THIRD QUARTER 2019 RESULTS.Q3 REVENUE $987 MILLION VERSUS REFINITIV IBES ESTIMATE OF $1.02 BILLION.Q3 EARNINGS PER SHARE $0.05.Q3 EARNINGS PER SHARE ESTIMATE $0.06 -- REFINITIV IBES DATA.QTRLY TOTAL COPPER PRODUCTION OF 192,510 TONNES, UP 27%.QTRLY TOTAL GOLD PRODUCTION OF 70,120 OUNCES, AN INCREASE OF 56%.  Full Article

First Quantum Declares Commercial Production At Cobre Panama Effective September 1
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - First Quantum Minerals Ltd ::FIRST QUANTUM DECLARES COMMERCIAL PRODUCTION AT COBRE PANAMA EFFECTIVE SEPTEMBER 1.  Full Article

Jiangxi Copper Says Pangaea Investment Management Acquired 6 Mln Shares Of First Quantum Minerals
Friday, 18 Oct 2019 

Oct 18 (Reuters) - Jiangxi Copper Co Ltd <600362.SS>::PANGAEA INVESTMENT MANAGEMENT HAS ACQUIRED 6 MILLION SHARES OF FIRST QUANTUM MINERALS LTD.DEAL FOR HK$354.0 MLN.AVERAGE ACQUISITION PRICE PER FM SHARE IS HK$59.03.  Full Article

UPDATE 1-Glencore's Mopani Copper Mines shutters Zambia mines due to coronavirus

LUSAKA, April 7 Glencore's Zambian subsidiary Mopani Copper Mines (MCM) will shutter its mining operations on April 8 but continue to process material it has on site in its smelter and refinery until further notice, the firm said in a statement on Tuesday.