First Quantum Minerals Key Executives
This section highlights First Quantum Minerals's key executives, including their titles and compensation details.
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First Quantum Minerals Earnings
This section highlights First Quantum Minerals's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-12 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-10-23 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-07-24 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-04-24 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-21 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-10-25 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-07-26 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-04-26 | N/A | N/A |
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia. It is exploring the Taca Taca copper-gold-molybdenum project in Argentina, as well as the Haquira copper deposit in Peru. The company was formerly known as First Quantum Ventures Ltd. and changed its name to First Quantum Minerals Ltd. in July 1996. First Quantum Minerals Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada.
$15.48
Stock Price
$12.82B
Market Cap
-
Employees
Toronto, ON
Location
Financial Statements
Access annual & quarterly financial statements for First Quantum Minerals, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $4.80B | $6.46B | $7.63B | $7.21B | $5.20B |
| Cost of Revenue | $3.45B | $5.16B | $5.43B | $4.65B | $4.12B |
| Gross Profit | $1.35B | $1.29B | $2.20B | $2.56B | $1.08B |
| Gross Profit Ratio | 28.11% | 20.00% | 28.85% | 35.50% | 20.72% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $148.00M | $142.00M | $136.00M | $118.00M | $99.00M |
| Selling and Marketing Expenses | $- | $2.60M | $- | $- | $- |
| Selling General and Administrative Expenses | $148.00M | $144.60M | $136.00M | $118.00M | $99.00M |
| Other Expenses | $392.00M | $1.07B | $24.00M | $38.00M | $26.00M |
| Operating Expenses | $540.00M | $1.21B | $160.00M | $156.00M | $125.00M |
| Cost and Expenses | $3.99B | $6.38B | $5.59B | $4.81B | $4.25B |
| Interest Income | $90.00M | $83.23M | $80.00M | $65.00M | $66.00M |
| Interest Expense | $680.00M | $679.23M | $584.00M | $650.00M | $729.00M |
| Depreciation and Amortization | $633.00M | $1.16B | $1.20B | $1.17B | $1.29B |
| EBITDA | $1.59B | $1.34B | $3.28B | $3.73B | $2.14B |
| EBITDA Ratio | 33.17% | 20.68% | 40.64% | 50.35% | 42.47% |
| Operating Income | $810.00M | $78.00M | $2.24B | $2.60B | $991.00M |
| Operating Income Ratio | 16.87% | 1.21% | 29.39% | 36.02% | 19.06% |
| Total Other Income Expenses Net | $-530.00M | $-564.00M | $-772.00M | $-697.00M | $-663.00M |
| Income Before Tax | $280.00M | $-486.00M | $1.47B | $1.90B | $32.00M |
| Income Before Tax Ratio | 5.83% | -7.53% | 19.26% | 26.36% | 0.62% |
| Income Tax Expense | $388.00M | $757.00M | $320.00M | $812.00M | $256.00M |
| Net Income | $2.00M | $-954.00M | $1.03B | $832.00M | $-224.00M |
| Net Income Ratio | 0.04% | -14.78% | 13.56% | 11.54% | -4.31% |
| EPS | $0.00 | $-1.38 | $1.44 | $1.20 | $-0.33 |
| EPS Diluted | $0.00 | $-1.38 | $1.43 | $1.19 | $-0.33 |
| Weighted Average Shares Outstanding | 812.22M | 690.88M | 690.52M | 688.67M | 688.47M |
| Weighted Average Shares Outstanding Diluted | 812.22M | 690.88M | 692.99M | 691.71M | 688.47M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.28B | $1.23B | $1.04B | $1.25B | $2.03B | $1.65B | $1.56B | $1.83B | $1.73B | $1.90B | $2.16B | $1.89B | $1.80B | $1.85B | $1.68B | $1.60B | $1.40B | $1.01B | $1.18B |
| Cost of Revenue | $851.00M | $823.00M | $907.81M | $880.00M | $1.18B | $1.37B | $1.39B | $1.28B | $1.47B | $1.43B | $1.27B | $1.25B | $1.10B | $1.19B | $1.22B | $1.14B | $1.16B | $1.06B | $873.00M | $1.03B |
| Gross Profit | $405.00M | $456.00M | $322.93M | $156.00M | $69.88M | $660.00M | $265.00M | $280.00M | $361.00M | $302.00M | $629.00M | $908.00M | $784.00M | $613.00M | $625.00M | $540.00M | $443.00M | $346.00M | $141.00M | $147.00M |
| Gross Profit Ratio | 32.25% | 35.70% | 26.20% | 15.10% | 5.60% | 32.50% | 16.10% | 18.00% | 19.70% | 17.50% | 33.00% | 42.00% | 41.60% | 34.00% | 33.80% | 32.20% | 27.67% | 24.68% | 13.91% | 12.44% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $36.00M | $39.00M | $42.00M | $31.00M | $37.00M | $39.00M | $33.00M | $33.00M | $40.00M | $35.00M | $29.00M | $32.00M | $29.00M | $31.00M | $31.00M | $27.00M | $29.00M | $24.00M | $24.00M | $22.00M |
| Selling and Marketing Expenses | $- | $- | $-8.66K | $- | $1.02M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $36.00M | $39.00M | $41.99M | $31.00M | $38.02M | $39.00M | $33.00M | $33.00M | $40.00M | $35.00M | $29.00M | $32.00M | $29.00M | $31.00M | $31.00M | $27.00M | $29.00M | $24.00M | $24.00M | $22.00M |
| Other Expenses | $25.00M | $88.00M | $26.99M | $-6.00M | $-20.55M | $-6.00M | $42.00M | $10.00M | $1.00M | $9.00M | $7.00M | $7.00M | $-4.00M | $-5.00M | $-25.00M | $9.00M | $-88.00M | $19.00M | $19.00M | $15.00M |
| Operating Expenses | $61.00M | $127.00M | $15.00M | $98.00M | $58.58M | $34.00M | $41.00M | $43.00M | $41.00M | $44.00M | $36.00M | $39.00M | $45.00M | $39.00M | $38.00M | $33.00M | $39.00M | $31.00M | $34.00M | $21.00M |
| Cost and Expenses | $912.00M | $950.00M | $922.81M | $978.00M | $1.24B | $1.40B | $1.43B | $1.32B | $1.51B | $1.47B | $1.31B | $1.29B | $1.15B | $1.23B | $1.26B | $1.17B | $1.20B | $1.09B | $907.00M | $1.06B |
| Interest Income | $22.00M | $24.00M | $22.00M | $22.00M | $28.77M | $22.00M | $25.00M | $31.00M | $25.00M | $23.00M | $16.00M | $16.00M | $16.00M | $17.00M | $16.00M | $16.00M | $14.00M | $19.00M | $16.00M | $17.00M |
| Interest Expense | $161.00M | $164.00M | $165.00M | $190.00M | $163.39M | $160.00M | $167.00M | $161.00M | $151.00M | $141.00M | $142.00M | $150.00M | $162.00M | $152.00M | $168.00M | $168.00M | $137.00M | $194.00M | $199.00M | $199.00M |
| Depreciation and Amortization | $169.00M | $159.00M | $152.97M | $161.28M | $238.41M | $322.85M | $308.01M | $275.02M | $333.50M | $304.85M | $288.52M | $301.66M | $315.93M | $289.02M | $285.56M | $291.16M | $326.00M | $323.00M | $257.00M | $311.00M |
| EBITDA | $638.00M | $496.00M | $310.94M | $182.00M | $-726.54M | $925.00M | $593.74M | $532.04M | $614.00M | $574.00M | $1.01B | $1.11B | $1.07B | $1.03B | $819.98M | $798.92M | $633.00M | $595.00M | $353.00M | $349.00M |
| EBITDA Ratio | 50.80% | 38.78% | 37.45% | 17.57% | 19.95% | 48.20% | 35.43% | 35.11% | 33.52% | 33.64% | 41.75% | 51.27% | 56.55% | 48.67% | 47.27% | 48.63% | 41.72% | 47.86% | 37.38% | 41.46% |
| Operating Income | $344.00M | $329.00M | $307.94M | $20.00M | $11.30M | $585.00M | $252.00M | $225.00M | $314.00M | $289.00M | $507.00M | $782.00M | $722.00M | $775.00M | $588.00M | $513.00M | $357.00M | $257.00M | $77.00M | $4.00M |
| Operating Income Ratio | 27.39% | 25.72% | 25.02% | 1.93% | 0.90% | 28.83% | 15.26% | 14.44% | 17.14% | 16.73% | 26.63% | 36.15% | 38.30% | 43.01% | 31.84% | 30.57% | 22.30% | 18.33% | 7.59% | 0.34% |
| Total Other Income Expenses Net | $-36.00M | $-156.00M | $-147.00M | $-191.00M | $-166.00M | $-143.00M | $-129.00M | $-126.00M | $-203.00M | $-143.00M | $-251.00M | $-175.00M | $-184.00M | $-158.00M | $-192.00M | $-163.00M | $-187.00M | $-163.00M | $-164.00M | $-149.00M |
| Income Before Tax | $308.00M | $173.00M | $-7.00M | $-171.00M | $-1.12B | $442.00M | $123.00M | $99.00M | $111.00M | $146.00M | $605.00M | $607.00M | $538.00M | $617.00M | $396.00M | $350.00M | $170.00M | $94.00M | $-87.00M | $-145.00M |
| Income Before Tax Ratio | 24.52% | 13.53% | -0.57% | -16.51% | -89.66% | 21.78% | 7.45% | 6.35% | 6.06% | 8.45% | 31.78% | 28.06% | 28.54% | 34.24% | 21.44% | 20.86% | 10.62% | 6.70% | -8.58% | -12.27% |
| Income Tax Expense | $118.00M | $120.00M | $89.98M | $60.00M | $659.74M | $67.00M | $23.00M | $25.00M | $-6.00M | $34.00M | $137.00M | $155.00M | $239.00M | $235.00M | $182.00M | $156.00M | $147.00M | $62.00M | $97.00M | $-50.00M |
| Net Income | $99.00M | $108.00M | $-45.99M | $-159.00M | $-1.49B | $325.00M | $93.00M | $75.00M | $117.00M | $113.00M | $419.00M | $385.00M | $247.00M | $303.00M | $140.00M | $142.00M | $9.00M | $29.00M | $-156.00M | $-62.00M |
| Net Income Ratio | 7.88% | 8.44% | -3.74% | -15.35% | -118.80% | 16.02% | 5.63% | 4.81% | 6.39% | 6.54% | 22.01% | 17.80% | 13.10% | 16.81% | 7.58% | 8.46% | 0.56% | 2.07% | -15.38% | -5.25% |
| EPS | $0.12 | $0.13 | $-0.06 | $-0.21 | $-2.15 | $0.46 | $0.14 | $0.11 | $0.17 | $0.16 | $0.61 | $0.56 | $0.43 | $0.44 | $0.20 | $0.21 | $0.01 | $0.04 | $-0.23 | $-0.09 |
| EPS Diluted | $0.12 | $0.13 | $-0.06 | $-0.21 | $-2.15 | $0.46 | $0.14 | $0.11 | $0.17 | $0.16 | $0.60 | $0.56 | $0.43 | $0.44 | $0.20 | $0.21 | $0.01 | $0.04 | $-0.23 | $-0.09 |
| Weighted Average Shares Outstanding | 812.22M | 832.47M | 831.76M | 751.68M | 691.67M | 691.14M | 690.22M | 690.46M | 691.05M | 690.73M | 690.24M | 690.13M | 688.69M | 688.85M | 688.46M | 688.77M | 688.81M | 688.81M | 678.26M | 688.09M |
| Weighted Average Shares Outstanding Diluted | 812.22M | 834.36M | 831.76M | 751.68M | 691.67M | 693.92M | 693.52M | 693.68M | 691.05M | 692.58M | 692.78M | 692.63M | 688.85M | 692.07M | 692.02M | 691.81M | 688.81M | 689.41M | 688.12M | 688.09M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $843.00M | $1.16B | $1.69B | $1.86B | $950.00M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $843.00M | $1.16B | $1.69B | $1.86B | $950.00M |
| Net Receivables | $509.00M | $583.00M | $889.60M | $621.16M | $737.00M |
| Inventory | $1.55B | $1.59B | $1.46B | $1.31B | $1.33B |
| Other Current Assets | $311.00M | $126.00M | $133.40M | $138.84M | $88.00M |
| Total Current Assets | $3.22B | $3.46B | $4.17B | $3.93B | $3.11B |
| Property Plant Equipment Net | $19.19B | $18.58B | $19.05B | $19.28B | $19.47B |
| Goodwill | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M |
| Long Term Investments | $560.00M | $645.00M | $663.00M | $619.00M | $544.00M |
| Tax Assets | $50.00M | $50.00M | $163.00M | $182.00M | $152.00M |
| Other Non-Current Assets | $850.00M | $834.00M | $795.00M | $1.02B | $727.00M |
| Total Non-Current Assets | $20.89B | $20.30B | $20.91B | $21.34B | $21.13B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $24.11B | $23.76B | $25.08B | $25.27B | $24.24B |
| Account Payables | $554.00M | $830.00M | $771.00M | $719.00M | $762.00M |
| Short Term Debt | $529.00M | $974.00M | $587.00M | $323.00M | $916.00M |
| Tax Payables | $144.00M | $26.86M | $53.00M | $363.00M | $164.00M |
| Deferred Revenue | $- | $- | $117.95M | $102.86M | $91.00M |
| Other Current Liabilities | $318.00M | $176.14M | $91.11M | $67.28M | $411.00M |
| Total Current Liabilities | $1.54B | $2.01B | $1.74B | $1.68B | $2.44B |
| Long Term Debt | $5.84B | $6.62B | $8.08B | $8.93B | $8.80B |
| Deferred Revenue Non-Current | $1.76B | $- | $1.34B | $1.39B | $1.43B |
| Deferred Tax Liabilities Non-Current | $1.01B | $- | $857.00M | $804.00M | $595.00M |
| Other Non-Current Liabilities | $2.04B | $4.35B | $3.03B | $3.17B | $938.00M |
| Total Non-Current Liabilities | $10.66B | $10.97B | $11.11B | $12.10B | $11.77B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $12.21B | $12.98B | $12.84B | $13.78B | $14.20B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $6.55B | $5.41B | $5.49B | $5.57B | $5.63B |
| Retained Earnings | $4.88B | $4.89B | $5.47B | $4.52B | $3.69B |
| Accumulated Other Comprehensive Income Loss | $35.00M | $-59.00M | $-59.00M | $-72.00M | $-455.00M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $11.47B | $10.25B | $10.90B | $10.02B | $8.87B |
| Total Equity | $11.90B | $10.78B | $12.24B | $11.49B | $10.04B |
| Total Liabilities and Stockholders Equity | $24.11B | $23.76B | $25.08B | $25.27B | $24.24B |
| Minority Interest | $433.00M | $528.28M | $1.34B | $1.48B | $1.17B |
| Total Liabilities and Total Equity | $24.11B | $23.76B | $25.08B | $25.27B | $24.24B |
| Total Investments | $560.00M | $645.00M | $663.00M | $619.00M | $544.00M |
| Total Debt | $6.37B | $7.58B | $7.38B | $7.91B | $8.36B |
| Net Debt | $5.53B | $6.42B | $5.69B | $6.05B | $7.41B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $843.00M | $783.00M | $884.87M | $772.00M | $1.15B | $1.26B | $1.09B | $1.13B | $1.69B | $1.79B | $1.82B | $1.95B | $1.86B | $1.92B | $1.79B | $1.06B | $950.00M | $942.00M | $919.00M | $1.51B |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $843.00M | $783.00M | $884.87M | $772.00M | $1.15B | $1.26B | $1.09B | $1.13B | $1.69B | $1.79B | $1.82B | $1.95B | $1.86B | $1.92B | $1.79B | $1.06B | $950.00M | $942.00M | $919.00M | $1.51B |
| Net Receivables | $509.00M | $615.00M | $538.00M | $606.00M | $586.00M | $683.00M | $553.00M | $486.00M | $889.60M | $445.00M | $368.00M | $941.34M | $621.16M | $430.37M | $513.00M | $714.00M | $737.00M | $504.00M | $241.00M | $291.00M |
| Inventory | $1.55B | $1.54B | $1.51B | $1.57B | $1.58B | $1.46B | $1.46B | $1.49B | $1.46B | $1.45B | $1.45B | $1.33B | $1.31B | $1.37B | $1.30B | $1.33B | $1.33B | $1.39B | $1.40B | $1.41B |
| Other Current Assets | $311.00M | $246.00M | $202.54M | $147.00M | $105.30M | $197.00M | $214.00M | $450.00M | $133.40M | $181.00M | $436.00M | $95.66M | $138.84M | $175.63M | $198.00M | $89.00M | $88.00M | $135.00M | $310.00M | $502.00M |
| Total Current Assets | $3.22B | $3.19B | $3.14B | $3.09B | $3.44B | $3.61B | $3.32B | $3.55B | $4.17B | $3.87B | $4.08B | $4.31B | $3.93B | $3.89B | $3.80B | $3.19B | $3.11B | $2.97B | $2.87B | $3.72B |
| Property Plant Equipment Net | $19.19B | $19.06B | $18.86B | $18.66B | $18.49B | $18.87B | $19.02B | $19.06B | $19.05B | $19.19B | $19.22B | $19.27B | $19.28B | $19.32B | $19.37B | $19.37B | $19.47B | $19.48B | $19.65B | $19.79B |
| Goodwill | $237.00M | $237.00M | $236.97M | $237.00M | $235.79M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M |
| Intangible Assets | $- | $- | $34.76K | $- | $1.21M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M | $237.00M |
| Long Term Investments | $560.00M | $616.02M | $638.91M | $614.00M | $675.53M | $703.00M | $674.00M | $666.00M | $663.00M | $659.00M | $653.00M | $633.00M | $619.00M | $601.00M | $582.00M | $558.00M | $544.00M | $547.00M | $553.00M | $573.00M |
| Tax Assets | $50.00M | $67.00M | $59.99M | $50.00M | $49.74M | $205.00M | $191.00M | $174.00M | $163.00M | $168.00M | $164.00M | $170.00M | $182.00M | $170.00M | $159.00M | $161.00M | $152.00M | $328.00M | $352.00M | $326.00M |
| Other Non-Current Assets | $850.00M | $776.98M | $772.85M | $819.00M | $744.95M | $809.00M | $832.00M | $805.00M | $795.00M | $847.00M | $877.00M | $924.00M | $1.02B | $975.00M | $757.00M | $744.00M | $727.00M | $529.00M | $493.00M | $424.00M |
| Total Non-Current Assets | $20.89B | $20.75B | $20.57B | $20.38B | $20.20B | $20.82B | $20.96B | $20.94B | $20.91B | $21.10B | $21.15B | $21.23B | $21.34B | $21.31B | $21.10B | $21.07B | $21.13B | $21.12B | $21.28B | $21.35B |
| Other Assets | $- | $- | $- | $- | $- | $408.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $24.11B | $23.94B | $23.71B | $23.47B | $23.64B | $24.84B | $24.27B | $24.50B | $25.08B | $24.97B | $25.22B | $25.54B | $25.27B | $25.20B | $24.91B | $24.27B | $24.24B | $24.09B | $24.15B | $25.06B |
| Account Payables | $554.00M | $573.00M | $569.00M | $661.00M | $830.00M | $838.00M | $774.00M | $693.00M | $771.00M | $729.00M | $909.00M | $674.00M | $719.00M | $315.00M | $905.00M | $802.00M | $762.00M | $341.00M | $530.00M | $447.00M |
| Short Term Debt | $529.00M | $775.00M | $458.00M | $307.00M | $974.00M | $818.00M | $874.00M | $613.00M | $587.00M | $581.00M | $630.00M | $491.00M | $323.00M | $754.00M | $715.00M | $802.00M | $907.00M | $1.80B | $947.00M | $1.28B |
| Tax Payables | $144.00M | $130.00M | $77.99M | $39.00M | $26.86M | $28.00M | $18.00M | $29.00M | $53.00M | $55.00M | $100.00M | $288.00M | $363.00M | $233.00M | $215.00M | $234.00M | $164.00M | $157.00M | $111.00M | $135.00M |
| Deferred Revenue | $- | $- | $61.99M | $39.00M | $26.86M | $28.00M | $18.00M | $114.08M | $117.95M | $111.20M | $110.18M | $108.81M | $102.86M | $233.00M | $215.00M | $234.00M | $164.00M | $157.00M | $111.00M | $135.00M |
| Other Current Liabilities | $318.00M | $295.00M | $226.82M | $145.00M | $176.14M | $267.00M | $286.00M | $212.92M | $91.11M | $2.59M | $112.82M | $274.19M | $67.28M | $757.00M | $15.00M | $602.00M | $602.00M | $574.00M | $331.00M | $405.00M |
| Total Current Liabilities | $1.54B | $1.77B | $1.33B | $1.15B | $2.00B | $1.95B | $1.95B | $1.66B | $1.74B | $1.59B | $1.86B | $1.84B | $1.68B | $2.06B | $2.28B | $2.52B | $2.44B | $2.87B | $1.92B | $2.27B |
| Long Term Debt | $5.84B | $5.60B | $7.31B | $7.16B | $7.98B | $7.29B | $7.12B | $7.59B | $8.08B | $7.81B | $7.81B | $7.30B | $8.93B | $8.95B | $9.17B | $7.34B | $8.80B | $8.07B | $8.98B | $9.15B |
| Deferred Revenue Non-Current | $1.76B | $1.81B | $1.89B | $1.94B | $1.41B | $1.31B | $1.32B | $1.34B | $1.34B | $1.35B | $1.36B | $1.37B | $1.39B | $1.40B | $1.41B | $1.42B | $1.43B | $1.43B | $1.43B | $1.42B |
| Deferred Tax Liabilities Non-Current | $1.01B | $945.00M | $900.87M | $892.00M | $869.53M | $893.00M | $866.00M | $867.00M | $857.00M | $903.00M | $874.00M | $809.00M | $804.00M | $752.00M | $653.00M | $615.00M | $595.00M | $549.00M | $567.00M | $578.00M |
| Other Non-Current Liabilities | $2.04B | $2.18B | $3.48B | $3.51B | $2.94B | $3.02B | $3.02B | $3.03B | $3.03B | $3.23B | $3.22B | $4.49B | $3.17B | $3.01B | $916.00M | $2.24B | $938.00M | $901.00M | $888.00M | $859.00M |
| Total Non-Current Liabilities | $10.66B | $10.53B | $10.78B | $10.67B | $10.92B | $10.32B | $10.13B | $10.62B | $11.11B | $11.04B | $11.03B | $11.79B | $12.10B | $11.96B | $12.15B | $11.62B | $11.77B | $10.94B | $11.86B | $12.00B |
| Other Liabilities | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $12.21B | $12.30B | $12.12B | $11.82B | $12.91B | $12.27B | $12.09B | $12.28B | $12.84B | $12.62B | $12.89B | $13.62B | $13.78B | $14.02B | $14.43B | $14.15B | $14.20B | $13.82B | $13.78B | $14.27B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $114.00M | $- | $- | $- |
| Common Stock | $6.55B | $6.55B | $6.54B | $6.52B | $5.38B | $5.41B | $5.45B | $5.46B | $5.49B | $5.52B | $5.53B | $5.56B | $5.57B | $5.58B | $5.58B | $5.60B | $5.63B | $5.64B | $5.63B | $5.62B |
| Retained Earnings | $4.88B | $4.79B | $4.68B | $4.74B | $4.87B | $6.34B | $6.07B | $5.48B | $5.47B | $5.35B | $5.32B | $4.90B | $4.52B | $4.28B | $3.97B | $3.83B | $3.69B | $3.69B | $3.66B | $3.81B |
| Accumulated Other Comprehensive Income Loss | $35.00M | $-34.94M | $-19.00M | $-59.00M | $-58.70M | $-59.00M | $-59.00M | $-59.00M | $-59.00M | $-58.00M | $-56.00M | $-66.00M | $-72.00M | $-133.00M | $-371.00M | $-526.00M | $-455.00M | $-199.00M | $-64.00M | $180.00M |
| Other Total Stockholders Equity | $- | $-55.31K | $-1.64M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-114.00M | $- | $- | $- |
| Total Stockholders Equity | $11.47B | $11.30B | $11.20B | $11.20B | $10.19B | $11.70B | $11.45B | $10.88B | $10.90B | $10.81B | $10.80B | $10.39B | $10.02B | $9.72B | $9.19B | $8.90B | $8.87B | $9.12B | $9.22B | $9.62B |
| Total Equity | $11.90B | $11.64B | $11.59B | $11.65B | $10.72B | $12.57B | $12.19B | $12.22B | $12.24B | $12.34B | $12.33B | $11.92B | $11.49B | $11.18B | $10.47B | $10.12B | $10.04B | $10.28B | $10.37B | $10.79B |
| Total Liabilities and Stockholders Equity | $24.11B | $23.94B | $23.71B | $23.47B | $23.64B | $24.84B | $24.27B | $24.50B | $25.08B | $24.97B | $25.22B | $25.54B | $25.27B | $25.20B | $24.91B | $24.27B | $24.24B | $24.09B | $24.15B | $25.06B |
| Minority Interest | $433.00M | $341.00M | $390.94M | $459.00M | $528.28M | $876.00M | $734.00M | $1.33B | $1.34B | $1.53B | $1.53B | $1.53B | $1.48B | $1.45B | $1.29B | $1.21B | $1.17B | $1.15B | $1.15B | $1.18B |
| Total Liabilities and Total Equity | $24.11B | $23.94B | $23.71B | $23.47B | $23.64B | $24.84B | $24.27B | $24.50B | $25.08B | $24.97B | $25.22B | $25.54B | $25.27B | $25.20B | $24.91B | $24.27B | $24.24B | $24.09B | $24.15B | $25.06B |
| Total Investments | $560.00M | $616.02M | $638.91M | $614.00M | $675.53M | $703.00M | $674.00M | $666.00M | $663.00M | $659.00M | $653.00M | $633.00M | $619.00M | $601.00M | $582.00M | $558.00M | $544.00M | $547.00M | $553.00M | $573.00M |
| Total Debt | $6.37B | $6.37B | $7.56B | $6.05B | $8.71B | $6.90B | $6.74B | $6.91B | $7.38B | $7.12B | $7.16B | $7.76B | $7.91B | $8.22B | $8.54B | $8.12B | $8.36B | $8.49B | $8.58B | $9.13B |
| Net Debt | $5.53B | $5.59B | $6.67B | $5.28B | $7.56B | $5.64B | $5.65B | $5.78B | $5.69B | $5.33B | $5.34B | $5.82B | $6.05B | $6.30B | $6.75B | $7.06B | $7.41B | $7.54B | $7.66B | $7.62B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $-108.00M | $-954.00M | $1.15B | $1.09B | $-224.00M |
| Depreciation and Amortization | $633.00M | $1.16B | $1.23B | $1.17B | $1.22B |
| Deferred Income Tax | $299.00M | $- | $510.00M | $828.00M | $176.00M |
| Stock Based Compensation | $54.00M | $50.00M | $47.00M | $33.00M | $31.00M |
| Change in Working Capital | $-230.00M | $130.00M | $-216.00M | $-18.00M | $-203.00M |
| Accounts Receivables | $50.00M | $282.08M | $-106.60M | $-31.00M | $-227.00M |
| Inventory | $-5.00M | $-149.70M | $-144.00M | $-24.00M | $-2.00M |
| Accounts Payables | $- | $-22.40M | $37.45M | $- | $43.00M |
| Other Working Capital | $-275.00M | $20.02M | $-2.85M | $37.00M | $-17.00M |
| Other Non Cash Items | $1.00B | $1.04B | $-388.00M | $-221.00M | $616.00M |
| Net Cash Provided by Operating Activities | $1.65B | $1.43B | $2.33B | $2.88B | $1.61B |
| Investments in Property Plant and Equipment | $-1.29B | $-1.30B | $-1.17B | $-995.00M | $-610.00M |
| Acquisitions Net | $- | $-105.00M | $3.84M | $-100.00M | $-100.00M |
| Purchases of Investments | $- | $- | $- | $-99.12M | $-105.28M |
| Sales Maturities of Investments | $- | $- | $- | $99.12M | $105.28M |
| Other Investing Activities | $-8.00M | $25.00M | $-6.84M | $-3.00M | $37.00M |
| Net Cash Used for Investing Activities | $-1.29B | $-1.38B | $-1.17B | $-1.10B | $-673.00M |
| Debt Repayment | $-1.06B | $-128.31M | $-677.00M | $-450.01M | $14.00M |
| Common Stock Issued | $1.10B | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $-93.00M | $-72.03M | $-4.96M | $-5.26M |
| Other Financing Activities | $-539.00M | $-554.69M | $-581.97M | $-386.04M | $-552.00M |
| Net Cash Used Provided by Financing Activities | $-501.00M | $-776.00M | $-1.33B | $-841.00M | $-543.00M |
| Effect of Forex Changes on Cash | $-3.00M | $- | $-2.00M | $-1.00M | $-6.00M |
| Net Change in Cash | $-147.00M | $-729.00M | $-171.00M | $945.00M | $391.00M |
| Cash at End of Period | $812.00M | $959.00M | $1.69B | $1.86B | $914.00M |
| Cash at Beginning of Period | $959.00M | $1.69B | $1.86B | $914.00M | $523.00M |
| Operating Cash Flow | $1.65B | $1.43B | $2.33B | $2.88B | $1.61B |
| Capital Expenditure | $-1.29B | $-1.30B | $-1.17B | $-995.00M | $-610.00M |
| Free Cash Flow | $365.00M | $127.00M | $1.17B | $1.89B | $1.00B |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $190.00M | $53.00M | $-45.99M | $-231.00M | $-1.49B | $375.00M | $100.00M | $74.00M | $117.00M | $112.00M | $468.00M | $452.00M | $299.00M | $382.00M | $214.00M | $194.00M | $23.00M | $32.00M | $-184.00M | $-95.00M |
| Depreciation and Amortization | $169.00M | $159.00M | $152.97M | $157.00M | $238.41M | $323.00M | $301.00M | $271.00M | $327.00M | $320.00M | $288.00M | $295.00M | $314.00M | $288.00M | $286.00M | $286.00M | $326.00M | $323.00M | $257.00M | $311.00M |
| Deferred Income Tax | $83.00M | $103.00M | $63.00M | $50.00M | $154.79M | $52.00M | $-8.00M | $2.00M | $50.00M | $40.00M | $243.00M | $177.00M | $237.00M | $239.00M | $204.00M | $148.00M | $142.00M | $46.00M | $75.00M | $-87.00M |
| Stock Based Compensation | $11.00M | $16.00M | $18.00M | $9.00M | $13.00M | $14.00M | $10.00M | $13.00M | $13.00M | $13.00M | $8.00M | $13.00M | $8.00M | $9.00M | $8.00M | $8.00M | $31.00M | $- | $- | $- |
| Change in Working Capital | $162.00M | $-202.81M | $88.98M | $-278.00M | $149.61M | $-217.00M | $294.00M | $-116.00M | $-301.00M | $56.00M | $281.00M | $-252.00M | $-138.00M | $8.00M | $-1.00M | $92.00M | $-79.00M | $-131.00M | $-97.00M | $104.00M |
| Accounts Receivables | $104.00M | $-106.00M | $121.59M | $-70.68M | $212.98M | $-142.91M | $207.40M | $8.00M | $-111.00M | $225.00M | $169.00M | $-209.00M | $-31.00M | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $-13.00M | $-30.00M | $5.20M | $33.00M | $-114.13M | $-17.00M | $16.00M | $-34.00M | $-144.00M | $-8.00M | $-106.00M | $-22.00M | $-24.00M | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $-66.00M | $-41.46M | $-240.00M | $50.77M | $-56.00M | $75.56M | $-90.00M | $- | $-161.00M | $-169.00M | $-21.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $71.00M | $-814.86K | $3.65M | $497.77M | $-1 | $-1.09M | $-4.96M | $-608 | $-46.00M | $- | $387.00M | $-209.00M | $-120.00M | $8.00M | $-1.00M | $92.00M | $-62.00M | $-131.00M | $-97.00M | $104.00M |
| Other Non Cash Items | $-32.00M | $131.81M | $248.40M | $676.00M | $520.53M | $47.00M | $22.00M | $55.00M | $31.00M | $-16.00M | $-384.00M | $-19.00M | $67.00M | $136.00M | $164.00M | $103.00M | $133.00M | $181.00M | $213.00M | $172.00M |
| Net Cash Provided by Operating Activities | $583.00M | $260.00M | $223.75M | $411.00M | $-410.65M | $594.00M | $719.00M | $299.00M | $237.00M | $525.00M | $904.00M | $666.00M | $760.00M | $703.00M | $679.00M | $743.00M | $533.00M | $452.00M | $155.00M | $473.00M |
| Investments in Property Plant and Equipment | $-324.00M | $-330.39M | $-367.25M | $-265.00M | $-352.32M | $-370.00M | $-321.00M | $-265.00M | $-317.00M | $-296.00M | $-275.00M | $-279.00M | $-277.00M | $-274.00M | $-264.00M | $-180.00M | $-172.00M | $-138.00M | $-130.00M | $-170.00M |
| Acquisitions Net | $- | $- | $- | $- | $-220.75K | $-105.00M | $- | $- | $55.60K | $32.51K | $15.98K | $4.05M | $22.66M | $237.30M | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $-25.46M | $- | $- | $- | $- | $- | $- | $- | $-99.12M | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-11.00M | $9.04M | $13.00M | $9.00M | $-1 | $1.00M | $6.00M | $9.00M | $4.94M | $2.97M | $-7.02M | $-4.00M | $-102.00M | $-3.00M | $1.00M | $17.00M | $-73.00M | $6.00M | $2.00M | $2.00M |
| Net Cash Used for Investing Activities | $-335.00M | $-321.35M | $-367.25M | $-264.00M | $-378.00M | $-474.00M | $-315.00M | $-256.00M | $-312.00M | $-293.00M | $-282.00M | $-283.00M | $-379.00M | $-277.00M | $-263.00M | $-163.00M | $-245.00M | $-132.00M | $-128.00M | $-168.00M |
| Debt Repayment | $41.00M | $-92.00M | $313.00M | $-1.39B | $461.11M | $264.00M | $-472.00M | $-517.04M | $259.00M | $-60.14M | $-612.90M | $-341.00M | $-557.12M | $-327.00M | $488.00M | $-310.30M | $-317.00M | $-88.72M | $-271.00M | $559.00M |
| Common Stock Issued | $- | $59.21K | $8.05M | $1.10B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $-195.52K | $-35.65M | $-57.96M | $- | $-1.04M | $-66.78M | $-3.00M | $- | $-2.86K | $-2.00M | $-3.00M | $- | $- | $-2.00M | $-3.00M | $- |
| Other Financing Activities | $-168.00M | $-22.00M | $-179.00M | $-104.00M | $25.40M | $31.00M | $-98.00M | $-114.96M | $-283.96M | $-135.86M | $-127.10M | $47.00M | $118.12M | $29.00M | $-97.00M | $-195.70M | $26.00M | $-197.28M | $-12.00M | $-237.00M |
| Net Cash Used Provided by Financing Activities | $-127.00M | $-114.00M | $305.50M | $-394.00M | $486.31M | $259.00M | $-627.00M | $-632.00M | $-26.00M | $-268.00M | $-743.00M | $-294.00M | $-439.00M | $-300.00M | $388.00M | $-506.00M | $-291.00M | $-288.00M | $-286.00M | $322.00M |
| Effect of Forex Changes on Cash | $-2.00M | $- | $- | $-1.00M | $194.48M | $-2.00M | $3.00M | $-1.00M | $- | $- | $-2.00M | $- | $-1.00M | $- | $- | $- | $2.00M | $1.00M | $-4.00M | $-5.00M |
| Net Change in Cash | $119.00M | $-183.00M | $113.67M | $-248.00M | $-107.86M | $377.00M | $-220.00M | $-590.00M | $-101.00M | $-36.00M | $-123.00M | $89.00M | $-59.00M | $126.00M | $804.00M | $74.00M | $-1.00M | $33.00M | $-263.00M | $622.00M |
| Cash at End of Period | $812.00M | $693.00M | $884.87M | $711.00M | $1.15B | $1.25B | $878.00M | $1.10B | $1.69B | $1.79B | $1.82B | $1.95B | $1.86B | $1.92B | $1.79B | $988.00M | $914.00M | $915.00M | $882.00M | $1.15B |
| Cash at Beginning of Period | $693.00M | $876.00M | $771.20M | $959.00M | $1.26B | $878.00M | $1.10B | $1.69B | $1.79B | $1.82B | $1.95B | $1.86B | $1.92B | $1.79B | $988.00M | $914.00M | $915.00M | $882.00M | $1.15B | $523.00M |
| Operating Cash Flow | $583.00M | $260.00M | $223.75M | $411.00M | $-410.65M | $594.00M | $719.00M | $299.00M | $237.00M | $525.00M | $904.00M | $666.00M | $760.00M | $703.00M | $679.00M | $743.00M | $533.00M | $452.00M | $155.00M | $473.00M |
| Capital Expenditure | $-324.00M | $-329.00M | $-367.25M | $-265.00M | $-352.32M | $-370.00M | $-321.00M | $-265.00M | $-317.00M | $-296.00M | $-275.00M | $-279.00M | $-277.00M | $-274.00M | $-264.00M | $-180.00M | $-172.00M | $-138.00M | $-130.00M | $-170.00M |
| Free Cash Flow | $259.00M | $-69.00M | $-143.51M | $146.00M | $-762.97M | $224.00M | $398.00M | $34.00M | $-80.00M | $229.00M | $629.00M | $387.00M | $483.00M | $429.00M | $415.00M | $563.00M | $361.00M | $314.00M | $25.00M | $303.00M |
First Quantum Minerals Dividends
Explore First Quantum Minerals's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
1.28x
First Quantum Minerals Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.058768 | $0.058768 | August 25, 2023 | August 28, 2023 | September 19, 2023 | July 25, 2023 |
| $0.097227 | $0.097227 | April 14, 2023 | April 17, 2023 | May 08, 2023 | February 14, 2023 |
| $0.124 | $0.1241 | August 26, 2022 | August 29, 2022 | September 20, 2022 | July 26, 2022 |
| $0.004 | $0.0039775 | April 13, 2022 | April 14, 2022 | May 06, 2022 | April 08, 2022 |
| $0.00395914 | $0.00395914 | August 27, 2021 | August 30, 2021 | September 21, 2021 | August 21, 2021 |
| $0.00398788 | $0.00398788 | April 14, 2021 | April 15, 2021 | May 06, 2021 | April 01, 2021 |
| $0.00380315 | $0.00380315 | August 27, 2020 | August 28, 2020 | September 21, 2020 | July 28, 2020 |
| $0.00355215 | $0.00355215 | April 15, 2020 | April 16, 2020 | May 07, 2020 | February 13, 2020 |
| $0.00376989 | $0.00376989 | August 27, 2019 | August 28, 2019 | September 19, 2019 | July 29, 2019 |
| $0.00385446 | $0.00385446 | August 27, 2018 | August 28, 2018 | September 19, 2018 | July 30, 2018 |
| $0.00397662 | $0.00397662 | April 16, 2018 | April 17, 2018 | May 08, 2018 | |
| $0.00399281 | $0.00399281 | August 24, 2017 | August 28, 2017 | September 19, 2017 | July 28, 2017 |
| $0.00376847 | $0.00376847 | April 12, 2017 | April 17, 2017 | May 08, 2017 | February 21, 2017 |
| $0.004 | $0.004 | August 24, 2016 | September 19, 2016 | July 28, 2016 | |
| $0.008 | $0.008 | April 11, 2016 | May 04, 2016 | February 19, 2016 | |
| $0.025 | $0.025 | August 26, 2015 | September 21, 2015 | July 30, 2015 | |
| $0.039 | $0.039 | April 13, 2015 | May 06, 2015 | February 20, 2015 | |
| $0.046 | $0.046 | August 26, 2014 | September 19, 2014 | July 31, 2014 | |
| $0.086 | $0.086 | April 10, 2014 | May 06, 2014 | February 21, 2014 |
First Quantum Minerals News
Read the latest news about First Quantum Minerals, including recent articles, headlines, and updates.
First Quantum: Possible Cobre Panama Resolution Could Boost Stock
The Panamanian government shut down the Cobre Panama copper mine in 2023. The case was moving slowly until last week when all of a sudden the government signaled its intention to begin negotiations. A restart at Cobre Panama could benefit FQVLF while negatively impacting copper prices.
FIRST QUANTUM MINERALS ANNOUNCES EARLY RESULTS OF CASH TENDER OFFER FOR MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF $750,000,000
(In United States dollars, except where noted otherwise) TORONTO , March 5, 2025 /PRNewswire/ -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM) today announced the early results of its previously announced offer to purchase for cash (the "Tender Offer") its outstanding 6.875% Senior Notes due 2027 (the "Notes") in a maximum aggregate principal amount of up to $750,000,000 (the "Maximum Tender Amount"), as further described in the offer to purchase (the "Offer to Purchase") for the Tender Offer dated February 19, 2025 and as previously announced on February 19, 2025.
First Quantum Minerals Announces Early Results of Cash Tender Offer for Maximum Aggregate Principal Amount of $750,000,000
(In United States dollars, except where noted otherwise) TORONTO, March 05, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) today announced the early results of its previously announced offer to purchase for cash (the “Tender Offer”) its outstanding 6.875% Senior Notes due 2027 (the “Notes”) in a maximum aggregate principal amount of up to $750,000,000 (the “Maximum Tender Amount”), as further described in the offer to purchase (the “Offer to Purchase”) for the Tender Offer dated February 19, 2025 and as previously announced on February 19, 2025.
The Stocks And ETFs Driving Trump's Tariff Target Markets
Trump's tariffs cause short-term volatility, but long-term market impact is minimal; earnings remain the key focus for investors. The three countries in questions are Canada, China, and Mexico. This blog dives into several major companies domiciled in one of those three countries. In the long-term scheme of things the fundamentals of the companies behind these ADRs and stocks are likely to be more deterministic than any geopolitical factors.
FIRST QUANTUM MINERALS ANNOUNCES THE INCREASE OF THE MAXIMUM TENDER AMOUNT OF ITS CASH TENDER OFFER FOR ITS OUTSTANDING 6.875% SENIOR NOTES DUE 2027
(In United States dollars, except where noted otherwise) TORONTO, ON , Feb. 19, 2025 /PRNewswire/ -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM) today announced, with respect to its previously announced tender offer (the "Tender Offer") to purchase for cash up to $500,000,000 aggregate principal amount outstanding of its 6.875% Senior Notes due 2027 (the "Notes"), that it has increased the maximum principal amount of the Tender Offer from $500,000,000 (the "Original Maximum Amount") to $750,000,000 (the "New Maximum Amount"), subject to the terms and conditions set forth in the offer to purchase dated February 19, 2025 (the "Offer to Purchase").
First Quantum Minerals Announces the Increase of the Maximum Tender Amount of Its Cash Tender Offer for Its Outstanding 6.875% Senior Notes Due 2027
(In United States dollars, except where noted otherwise) TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) today announced, with respect to its previously announced tender offer (the “Tender Offer”) to purchase for cash up to $500,000,000 aggregate principal amount outstanding of its 6.875% Senior Notes due 2027 (the “Notes”), that it has increased the maximum principal amount of the Tender Offer from $500,000,000 (the “Original Maximum Amount”) to $750,000,000 (the “New Maximum Amount”), subject to the terms and conditions set forth in the offer to purchase dated February 19, 2025 (the “Offer to Purchase”).
First Quantum Minerals Announces Pricing and Upsizing of Senior Notes Offering
(In United States dollars, except where noted otherwise) TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has successfully completed the pricing of its offering (the “Offering”) of $1,000 million aggregate principal amount of 8.000% senior notes due 2033 (the “Notes”).
FIRST QUANTUM MINERALS ANNOUNCES CASH TENDER OFFER TO PURCHASE ITS OUTSTANDING 6.875% SENIOR NOTES DUE 2027 IN A MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF UP TO $500,000,000
(In United States dollars, except where noted otherwise) TORONTO, ON , Feb. 19, 2025 /PRNewswire/ -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM) First Quantum Minerals Ltd.
First Quantum Minerals Announces Cash Tender Offer to Purchase Its Outstanding 6.875% Senior Notes Due 2027 in a Maximum Aggregate Principal Amount of Up to $500,000,000
(In United States dollars, except where noted otherwise) TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) First Quantum Minerals Ltd.
First Quantum Minerals Ltd. (FQVLF) Q4 2024 Earnings Call Transcript
First Quantum Minerals Ltd. (OTCPK:FQVLF) Q4 2024 Earnings Call February 12, 2025 9:00 AM ET Company Participants Bonita To - Director and Investor Relations Tristan Pascall - Chief Executive Officer Ryan MacWilliam - Chief Financial Officer Rudi Badenhorst - Chief Operating Officer Conference Call Participants Orest Wowkodaw - Scotiabank Edward Goldsmith - Deutsche Bank Marcio Farid - Goldman Sachs Chris LaFemina - Jefferies Lawson Winder - Bank of America Securities Ioannis Masvoulas - Morgan Stanley Ian Rossouw - Barclays Anita Soni - CIBC World Markets Craig Hutchison - TD Cowen Operator Thank you for standing by.
First Quantum Minerals Reports Fourth Quarter 2024 Results
(In United States dollars, except where noted otherwise) TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the "Company”) (TSX: FM) today reports results for the three months ended December 31, 2024 (“Q4 2024” or the "fourth quarter") of net earnings attributable to shareholders of the Company of $99 million ($0.12 earnings per share) and adjusted earnings1 of $31 million ($0.04 adjusted earnings per share2).
Nickel Miners News For The Month Of January 2025
Nickel spot prices were lower the last month. Nickel market news - Nornickel: "Around 40% of all nickel producers are loss-making at the current price." Indonesia is considering policy to reduce nickel mining quota in 2025 to 150kt. Nickel company news - Nornickel nickel production in 2024 decreased 2% to 205 kt. Vale's nickel production was slightly lower in 2024 at ~160kt.
First Quantum Minerals Announces 2024 Preliminary Production and 2025 - 2027 Guidance
(In United States dollars, except where noted otherwise) TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces preliminary production for the three months (“Q4”) and year ended December 31, 2024 and guidance for production, capital expenditure and costs for the years 2025 to 2027.
Nickel Miners News For The Month Of December 2024
Nickel spot prices were slightly lower in the last month. Nickel market news - Letter to Congress on price support for US critical minerals. Fast permits if investing $1B in the US. Indonesia weighs deep cuts in nickel mining to boost prices. Nickel company news - Vale informs the Voisey's Bay Mine Expansion project completion. Premium Resources continues to intersect significant lengths of mineralization at Selebi North: 16.80 metres of 2.80% NiEq.
Midnight Sun Mining secures Kazhiba target license renewal - ICYMI
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) director of marketing and communications Adrian O'Brien talked with Proactive about securing approval from Zambia's Mines Ministry for the renewal of the Kazhiba target license. He emphasized that the license is a cornerstone of the cooperative exploration plan with First Quantum Minerals (TSX:FM). Proactive: Exciting news about the company’s license renewal for your Kazhiba target. This is really the end of a long journey. Can you bring everyone up to date on where things stand? Adrian O'Brien: Certainly. We've just received approval from the Mines Ministry of Zambia for the renewal of the license covering our Kazhiba target. This is a crucial part of our cooperative exploration plan with First Quantum Minerals. We've been waiting for this approval for some time due to a clerical error last summer, which showed the license as rejected. Thankfully, the Zambian ministry was great, and the situation has been resolved. This renewal sets us up perfectly for moving forward. Now that you have the license in hand, what are the next steps for the company over the next three to six months? This approval is pivotal for our cooperative exploration with First Quantum. We have two primary targets—Kazhiba to the northwest and Mitu to the southwest of our property. Both have significant oxide copper concentrations at surface, identified through drilling. The plan is to continue exploration work to prove up resources. We’ve already started, and this renewal allows us to push forward, complete programs, and deliver results. We expect to announce assay results soon, so exciting times are ahead. You also mentioned near-term production opportunities and potential cash flow. Could you elaborate? Certainly. Kansanshi, First Quantum's flagship mine, is located about six kilometers from our property. It's the largest copper mining complex in Africa and has been operational for 20 years. However, its oxide copper supply has been depleted. Our property is now the only source of high-concentration oxides in the area. We aim to address their supply issues and support their operations for the next 5 to 10 years. Finally, there’s news about your agreement with Kobold Mining. Can you update us on that? Yes. We’ve amended the earning agreement to remove the long stop date. This gives us more flexibility to obtain the required environmental permits without repeatedly extending deadlines. We’re looking to start drilling aggressively after the rainy season, around March or April. Quotes have been lightly edited for clarity and style UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) and Amedisys (NASDAQ:AMED) have agreed to extend the deadline for their $3.3 billion merger, facing ongoing scrutiny from the US Department of Justice (DOJ). The companies announced in a regulatory filing that the merger deadline will now be extended to 10 days after a final court decision is issued or December 31, 2025, whichever comes first. This development follows a lawsuit filed over a month ago by the DOJ and attorneys general from Maryland, New Jersey, and New York to block the merger. Regulators argue that the deal would reduce competition in the home health services market, potentially harming patients, insurers, and nurses. The original deadline for the merger was set for today. Under a new waiver agreement, the companies have adjusted financial terms, including a regulatory break fee of $275 million, which could rise to $325 million if specific asset divestitures are not completed by May 1. Other modifications to the agreement include changes to operational restrictions and conditions tied to government approvals. UnitedHealth first announced plans to acquire Amedisys in June 2023, seeking to integrate the home health and hospice care provider into its operations. Despite the regulatory challenges, the companies remain committed to completing the deal, which they believe will deliver significant synergies and growth opportunities. Shares of Amedisys added 4.7% at $90 on the update, while UnitedHealth stock was down 0.5% at about $508.
Nickel Miners News For The Month Of November 2024
Nickel spot prices were flat the last month. Nickel market news - BMI: Battery nickel demand set to triple by 2030. Nickel surplus are expected to continue over the next few years, prices are expected to remain flat. Nickel company news - Huayou seeks US$2.7 billion loan to fund nickel smelter project with Vale and Ford. GEM, PT Vale Indonesia partner for $1.4bn nickel HPAL project in Indonesia.
First Quantum Stock Can Help Hedge A Copper-Heavy Portfolio
First Quantum Minerals shut down its Cobre Panama copper mine last year. The loss of Cobre Panama's production impacted global copper supplies and prices. A restart at Cobre Panama could benefit FQVLF while negatively impacting copper prices.
First Quantum Minerals: Strong Q3 Shows Potential Beyond Cobre Panama
First Quantum reported a strong Q3, with copper production rising 13% quarter-over-quarter despite Cobre Panama's suspension. Higher grades at Kansanshi and Sentinel reduced C1 cash costs by $0.16, strengthening margins, while gold production surged 20% QoQ, boosting revenue alongside resilient copper prices and record gold prices. Cobre Panama remains a key asset, with ongoing arbitration claims that could unlock significant upside. The market appears to be undervaluing the potential outcomes regarding the Cobre Panama mine closure.
Nickel Miners News For The Month Of October 2024
Nickel spot prices were lower the last month. Nickel market news - The US government is reportedly examining price support mechanisms for domestic critical mineral projects. US Treasury allows miners to access clean energy manufacturing subsidy. Nickel company news - Eramet revises downwards its 2024 production targets for Comilog and PT Weda Bay Nickel.
First Quantum Minerals Ltd. (FQVLF) Q3 2024 Earnings Call Transcript
First Quantum Minerals Ltd. (OTCPK:FQVLF) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Bonita To – Director, Investor Relations Tristan Pascall – Chief Executive Officer Rudi Badenhorst – Chief Operating Officer Ryan MacWilliam – Chief Financial Officer Conference Call Participants Orest Wowkodaw – Scotiabank Ralph Profiti – Eight Capital Ian Rossouw – Barclays Myles Allsop – UBS Lawson Winder – Bank of America Securities Bryce Adams – CIBC Gabriel Simões – Goldman Sachs Dalton Baretto – Canaccord Genuity Craig Hutchison – TD Cowen Operator Thank you for standing by.
First Quantum Minerals Reports Third Quarter 2024 Results
(In United States dollars, except where noted otherwise) TORONTO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the "Company”) (TSX: FM) today reports results for the three months ended September 30, 2024 (“Q3 2024” or the "third quarter") of net earnings attributable to shareholders of the Company of $108 million ($0.13 earnings per share) and adjusted earnings1 of $119 million ($0.14 adjusted earnings per share2).
Exclusive: First Quantum Minerals offers voluntary retirement to Cobre Panama workers, sources say
Canadian miner First Quantum Minerals has opened a voluntary retirement (VR) scheme to workers at the Cobre Panama mine, two sources familiar with the matter told Reuters, as the company waits for a government decision on re-opening the facility.
Strength Seen in First Quantum Minerals (FQVLF): Can Its 6.0% Jump Turn into More Strength?
First Quantum Minerals (FQVLF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
First Quantum Minerals Reports Second Quarter 2024 Results
(In United States dollars, except where noted otherwise) TORONTO, July 23, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the "Company”) (TSX: FM) today reports results for the three months ended June 30, 2024 (“Q2 2024” or the "second quarter") of a net loss attributable to shareholders of the Company of $46 million ($0.06 loss per share) and an adjusted loss1 of $13 million ($0.02 adjusted loss per share2).
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First Quantum Minerals Announces Voting Results for the Election of Directors
TORONTO, May 09, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announced that the nominees listed in the Management Information Circular for the 2024 Annual Meeting of Shareholders were elected as directors of First Quantum. In total, 698,930,219 shares were voted at the meeting, representing 83.85% of the issued and outstanding shares of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting on May 9, 2024 are set out below. The below results have also been filed on www.sedarplus.com.
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