First Quantum Minerals (FQVLF) News
Market Cap: $13.11B
Avg Volume: 176.68K
Industry: Copper
Sector: Basic Materials
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.
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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.
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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.
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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.
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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").
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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”).
globenewswire.com
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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”).
globenewswire.com
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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.
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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.
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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.
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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).
globenewswire.com
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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.
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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.
globenewswire.com
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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Analysts Estimate First Quantum Minerals (FQVLF) to Report a Decline in Earnings: What to Look Out for
First Quantum Minerals (FQVLF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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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.
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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.
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First Quantum Minerals (FQVLF) Reports Q2 Loss, Tops Revenue Estimates
First Quantum Minerals (FQVLF) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.12 per share a year ago.
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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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Undercovered Dozen: Spirit Airlines, HubSpot, Cigna, First Quantum Minerals +
We share 12 ideas published last week focused on stocks with less coverage on Seeking Alpha. Polestar Automotive Holding is seen as continuing to struggle with missed targets, high losses, and debt raises, warranting a sell. HubSpot faces volatility post-Google acquisition plans, while Grifols considers privatization amid debt concerns and shareholder issues.
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First Quantum Minerals (FQVLF) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
First Quantum Minerals (FQVLF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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French startup Pasqal to deploy first quantum computer in Saudi Arabia
Paris-based quantum computer startup company Pasqal announced it had signed a partnership with Saudi Arabia's state oil giant Aramco to install the first quantum computer in the country.
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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.
globenewswire.com
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Nickel Miners News For The Month Of April 2024
Nickel spot prices were significantly higher the last month. Nickel market news - US & UK prohibit import of Russian-origin aluminum, copper, and nickel. The U.S. Loans Program Office has added supply/production of critical minerals to the list. Nickel company news - Ardea, Sumitomo Metal Mining (SMM) and Mitsubishi Corporation [MC] to form a JV to develop the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub.
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Eco-Friendly Fortunes: 3 Stocks Capitalizing on the Climate Change Craze
Several climate change stocks show promise for investors who marked Earth Day last week and started seeking opportunities to mitigate climate change. Rising global temperatures and increasing natural disasters pose a significant economic and stock market risk.
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First Quantum Minerals Ltd. (FQVLF) Q1 2024 Earnings Call Transcript
First Quantum Minerals Ltd. (OTCPK:FQVLF) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Bonita To - Director, IR Tristan Pascall - Chief Executive Officer Rudi Badenhorst - Chief Operating Officer Ryan MacWilliam - Chief Financial Officer Conference Call Participants Greg Barnes - TD Securities Orest Wowkodaw - Scotiabank Jackie Przybylowski - BMO Capital Markets Chris LaFemina - Jeffries Ralph Profiti - Eight Capital Ioannis Masvoulas - Morgan Stanley Dalton Baretto - Canaccord Genuity Bryce Adams - CIBC Capital Markets Operator Thank you for standing by.
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First Quantum Minerals (FQVLF) Reports Q1 Loss, Tops Revenue Estimates
First Quantum Minerals (FQVLF) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to earnings of $0.11 per share a year ago.
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First Quantum Minerals Reports First Quarter 2024 Results
(In United States dollars, except where noted otherwise) TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the "Company”) (TSX: FM) today reports results for the three months ended March 31, 2024 (“Q1 2024” or the "first quarter") of a net loss attributable to shareholders of the Company of $159 million ($0.21 loss per share) and an adjusted loss1 of $154 million ($0.20 adjusted loss per share2).
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Midnight Sun Mining partners with First Quantum for copper exploration in Zambia
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) revealed a collaboration with First Quantum Minerals (TSX:FM) aimed at delineating potential feed sources for First Quantum's SX/EW oxide copper circuit at the Kansanshi Mine in Zambia. In a statement Tuesday, Midnight Sun said it will work closely with First Quantum to assess the grade and metallurgical properties of various oxide ore types.
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Earnings Preview: First Quantum Minerals (FQVLF) Q1 Earnings Expected to Decline
First Quantum Minerals (FQVLF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Nickel Miners News For The Month Of March 2024
Nickel spot prices were lower the last month and remain very low causing distress to the nickel miners. Nickel market news - Macquarie - Nickel market surplus just 36,000t this year. Nickel prices may soon recover from Indonesia-induced slump. Nickel company news - Vale to build another $2B HPAL plant in Indonesia. BHP has stood down around a quarter of the workforce building its $1.7B West Musgrave Nickel Project.
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First Quantum Provides Notice of First Quarter 2024 Results
TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) will release first quarter 2024 financial and operating results on Tuesday, April 23, 2024 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, April 24, 2024 at 9:00 am (EST).
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First Quantum Provides Notice of Annual General Meeting of Shareholders and Filing of Annual Disclosure Documents
TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) provides notice that the Annual General Meeting of shareholders of the Company will take place on May 9, 2024 at 9:00 am (EDT) online via audio webcast through the Company's website (www.first-quantum.com) or directly at https://meetnow.global/MJ5KGCY.
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Copper bull market "fast tracked" with higher prices to come soon, Jefferies says
Analysts at Jefferies have adjusted their outlook on the copper market, foreseeing an accelerated onset of a bullish trend. Initially apprehensive about the impact of a weakening US economy, their concerns have been assuaged by what they perceive as the resilience of the US economic landscape.
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First Quantum Announces Completion of Redemption of 2025 and 2026 Notes
TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has completed the previously-announced redemption in full (the “Redemption”) of its $1,050,000,000 aggregate principal amount 7.50% senior notes due 2025 (the “2025 Notes”) and $1,000,000,000 aggregate principal amount 6.875% senior notes due 2026 (the “2026 Notes” and, together with the 2025 Notes, the “Notes”). The Company redeemed the Notes at a redemption price of 100.00% of the principal amount, plus accrued and unpaid interest, using the proceeds from its previously-announced comprehensive refinancing.
globenewswire.com
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Nickel Miners News For The Month Of February 2024
Nickel spot prices were higher for the last month. Morgan Stanley suggests the possibility nickel (price) is close to a trough “looks increasingly likely". Nickel market news - EU, US to align global minerals push against China's supply grip. US moves to restore stockpiling ‘panic button' in EV metals fight with China. Nickel company news - BHP writes down value of Australian nickel assets after nickel price collapse. Eramet achieves a new record for nickel ore volumes in Indonesia (+72%) in 2023.
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First Quantum Minerals Announces Pricing Of $1,600 Million Senior Secured Second Lien Notes Offering
(In United States dollars, except where noted otherwise) TORONTO, Feb. 22, 2024 (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 $1,600 million aggregate principal amount of 9.375% senior secured second lien due 2029 (the “Notes”).
globenewswire.com
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First Quantum Announces $1,600 Million Senior Secured Second Lien Notes Offering As Part of Comprehensive Refinancing
(In United States dollars, except where noted otherwise) TORONTO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announces that it is launching an offering of $1,600 million aggregate principal amount of senior secured second lien notes due 2029 (the “Notes”).
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FIRST QUANTUM ANNOUNCES $1,000 MILLION EQUITY BOUGHT DEAL OFFERING AS PART OF COMPREHENSIVE REFINANCING
(In United States dollars, except "C$" for Canadian dollars where noted) TORONTO , Feb. 21, 2024 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM) announces that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Goldman Sachs as joint book-runners (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 121,680,000 common shares of First Quantum ("Common Shares") at a price of C$11.10 per Common Share (the "Offering Price"), for aggregate gross proceeds of approximately C$1,351 million (approximately $1,000 million) (the "Offering").
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FIRST QUANTUM ANNOUNCES COMPREHENSIVE REFINANCING TRANSACTIONS AS PART OF ITS BALANCE SHEET STRENGTHENING INITIATIVES
(In United States dollars, except "C$" for Canadian dollars where noted) TORONTO , Feb. 21, 2024 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM) announces four balance sheet strengthening initiatives (the "Refinancing"): $500 million copper prepayment agreement (announced yesterday and detailed in the Company's fourth quarter and year-end 2023 results) The amendment and extension of its $2.2 billion corporate bank facilities that revises the leverage covenant and extends the maturity profile to April 2027 (the "Amendment and Extension") $1,000 million bought deal offering of common shares (the "Common Share Offering") $1,600 million senior secured second lien notes offering (the "Notes Offering" and, together with the Common Share Offering, the "Offerings") These transactions will, when completed, provide the Company with strong liquidity, sustainable leverage, and a solid financial position on which to deliver its operational objectives.
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First Quantum Minerals Ltd. (FQVLF) Q4 2023 Earnings Call Transcript
First Quantum Minerals Ltd. (FQVLF) Q4 2023 Earnings Call Transcript
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First Quantum Minerals Reports Fourth Quarter and Year-End 2023 Results
(In United States dollars, except where noted otherwise) TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today reports results for the three months ended December 31, 2023 (“Q4 2023” or the "fourth quarter") of a net loss attributable to shareholders of the Company of $1,447 million ($2.09 loss per share) and an adjusted loss1 of $259 million ($0.37 adjusted loss per share2).
globenewswire.com
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Nickel Miners News For The Month Of January 2023
Nickel spot prices were flat for the last month. Nickel market news - Macquarie forecasts surpluses for the nickel market all the way out to 2027. Fastmarkets - Surge in nickel production capacity to lead to structural oversupply. Nickel company news - BHP warns on the impact of low nickel prices. IGO decides to put Cosmos Nickel Project into care and maintenance.
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First Quantum Provides Notice of Fourth Quarter and Year-End 2023 Results
TORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) will release fourth quarter and year-end 2023 financial and operating results on Tuesday, February 20, 2024 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, February 21, 2024 at 9:00 am (EST).
globenewswire.com
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SailingStone Confident in First Quantum Minerals Ability to Navigate Options
HOUSTON--(BUSINESS WIRE)--SailingStone is confident in First Quantum Minerals ability to navigate its options.
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First Quantum Minerals a good long term value stock: analysts
First Quantum Minerals (TSX:FM) Ltd shares represent good long-term value, as the company will likely realize value from its Cobre Panama mine either via a mine restart, a sale, or arbitration, Jefferies analysts believe. In an update to clients, the analysts reiterated their ‘Hold' rating on the stock while estimating the fair value of First Quantum at C$15 per share based on the company's unapproved growth projects.
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First Quantum Minerals Announces 2023 Preliminary Production, 2024-2026 Guidance and Balance Sheet Initiatives
TORONTO, Jan. 15, 2024 (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, 2023, guidance for production, capital expenditures and costs for the years 2024 to 2026 and an update on balance sheet initiatives.
globenewswire.com
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Top 5 Mining Stocks To Watch In 2024
This article introduces five miners and mine developers with significant potential to deliver meaningful gains for their shareholders in 2024. Although all of the stocks are exposed to various risks, the risks are outweighed by the potential gains. If you believe that a company is missing on the list, feel free to mention it in the comments section.
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Barrick bid for First Quantum could make ‘strategic sense' - analysts
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) is mulling an offer for beleaguered Canadian copper miner First Quantum Minerals (TSX:FM) after its shares were sent reeling from the closure of its flagship mine in Panama, according to a Bloomberg report. While Barrick has not commented, analysts at Jefferies said a Barrick bid could make strategic sense.
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Nickel Miners News For The Month Of December 2023
Nickel spot prices were flat for the last month. Low nickel prices leads to BHP issuing dire warning on nickel mines. 2024 nickel supply is set to outpace growth, which will suppress prices and exert pressure on producers' margins. In nickel company news - Panoramic Resources collapses into Voluntary Administration. Premium Nickel Resources drills 10.45 metres of 1.45% NiEq.
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First Quantum Provides Update on the Cobre Panama Mine Regarding Responsible Environmental Stewardship
TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) provides an update regarding the next steps required for the responsible environmental stewardship of the Cobre Panama mine.
globenewswire.com
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First Quantum (FQVLF) to Shut Production at Cobre Panama Mine
First Quantum (FQVLF) receives formal order to shut operations at the Cobre Panama mine.
zacks.com
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First Quantum (FQVLF) to Accelerate Its Zambia Copper Project
First Quantum (FQVLF) signs a deal with Mimosa Resources to fast-track construction at its Fishtie copper project.
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First Quantum Minerals inks deal to fast-track copper project in Zambia
First Quantum Minerals (TSX:FM) Ltd announced on Monday an agreement with a Zambian mining company to fast-track the development of a copper project in the southern African country. Zambia's Mimosa Resources is targeting mining operations at the Fishtie copper project to begin in 2026, increasing to a maximum production of 30,000 metric tons of copper a year by the end of the decade, the two companies said in a joint statement.
proactiveinvestors.com
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First Quantum's (FQVLF) Cobre Panama Faces Additional Headwinds
First Quantum's (FQVLF) Cobre Panama is set to cease operation after a Supreme Court ruling.
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First Quantum Minerals reports fatalities in Zambia
(Kitco News) - First Quantum Minerals today reported the death of a team member from its contracting partner, Reliant Drilling, at the company's Kansanshi operation following a fall of ground at the underground dewatering decline on the evening of Thursday, November 23.
kitco.com
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First Quantum (FQVLF) Halts Production at Cobre Panama Mine
First Quantum's (FQVLF) Cobre Panama mine faces headwinds from blockade and protests.
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First Quantum curtails activity at Panama mine due to illegal blockade; shares decline
First Quantum Minerals (TSX:FQM) announced its Minera Panama (MPSA) subsidiary has begun to reduce processing operations at its Cobre Panamá open-pit copper mine after an illegal blockade at the mine's Punta Rincón port affected the delivery of supplies. In a statement, First Quantum said the mine is ramping down one ore processing train while two remain operational due to the disruption to operations by the illegal blockade of small boats.
proactiveinvestors.com
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4 Non-Ferrous Metal Mining Stocks Countering Industry Headwinds
Although low metal prices cloud the near-term prospects for the Zacks Mining - Non Ferrous industry, strong demand, aided by the energy-transition trend, will support it. Stocks like SCCO, FCX, FQVLF and UUUU are worth keeping a tab on, backed by their growth prospects.
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First Quantum Minerals Ltd. (FQVLF) Q3 2023 Earnings Call Transcript
First Quantum Minerals Ltd. (OTCPK:FQVLF) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Bonita To - Director, IR Tristan Pascall - CEO Rudi Badenhorst - COO Ryan MacWilliam - CFO Conference Call Participants Jackie Przybylowski - BMO Capital Markets Orest Wowkodaw - Scotiabank Greg Barnes - TD Securities Ralph Profiti - Eight Capital Bryce Adams - CIBC Capital Markets Ioannis Masvoulas - Morgan Stanley Alex Terentiew - Stefil Edward Goldsmith - Deutsche Bank Ian Rossouw - Barclays London Operator Thank you for standing by.
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First Quantum's Q3 net earnings skyrocket on higher copper and gold production, lower costs
(Kitco News) - First Quantum Minerals (TSX: FM), one of the largest copper producers globally, yesterday reported total copper production of 221,550 tonnes in Q3 2023, up 18% from Q2 2023 and up 14% from Q3 2022.
kitco.com
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First Quantum Minerals Reports Third Quarter 2023 Results
(In United States dollars, except where noted otherwise) TORONTO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today reports results for the three months ended September 30, 2023 (“Q3 2023” or the "third quarter") of net earnings attributable to shareholders of the Company of $325 million ($0.47 earnings per share) and adjusted earnings1 of $359 million ($0.52 adjusted earnings per share2).
globenewswire.com
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Copper supply forecasts overly optimistic, analysts warn
Copper supply forecasts may be too optimistic, analysts at Jefferies believe. In a note highlighting copper production growth, Jefferies believed that data indicates potential market deficits persisting until at least 2025.
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First Quantum Minerals to Expand Kansanshi Mine With MECS® Technology
ST. LOUIS--(BUSINESS WIRE)--First Quantum Minerals has contracted with MECS for a project that includes the design of a copper smelter off-gas recovery sulfuric acid plant.
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Nickel Miners News For The Month Of August 2023
Nickel spot prices were lower the last month. Nickel market news - BHP: "Turning to the longer term, we believe that nickel will be a substantial beneficiary of the global electrification mega–trend." Nickel company news - Glencore announces US$1.2 billion share buyback program. Horizonte Minerals' Araguaia Nickel Project now 65% complete.
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First Quantum Minerals analysts ‘neutral' on miner's mixed 2Q results
First Quantum Minerals (TSX:FQM) Ltd's unchanged 2023 production guidance signals a "positive" and strong second half for the copper-focused base metals miner, according to Stifel analysts, even as the company's second-quarter 2023 earnings and cash costs fell short of their estimates. Overall, they are neutral on First Quantum's 2Q results and outlook but have a ‘Buy' rating on the stock, as the company's quarterly copper production exceeded expectations.
proactiveinvestors.com
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First Quantum Minerals Ltd. (FQVLF) Q2 2023 Earnings Call Transcript
First Quantum Minerals Ltd. (OTCPK:FQVLF) Q2 2023 Earnings Conference Call July 26, 2023 9:00 AM ET Company Participants Bonita To - Director, IR Tristan Pascall - CEO Rudi Badenhorst - COO Ryan MacWilliam - CFO Conference Call Participants Orest Wowkodaw - Scotiabank Jackie Przybylowski - BMO Capital Markets Ralph Profiti - Eight Capital Ioannis Masvoulas - Morgan Stanley Chris LaFemina - Jefferies Greg Barnes - TD Securities Edward Brucker - Barclays Bryce Adams - CIBC Dalton Baretto - Canaccord Operator Thank you for standing by.
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First Quantum reports net earnings of $93M in Q2, notes improvements at three largest operations
(Kitco News) - First Quantum reports net earnings of $93M in Q2, notes improvements at three largest operations
kitco.com
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Cobalt Miners News For The Month Of July 2023
Cobalt spot prices were significantly higher for the month. LME inventory was unchanged for the month. Cobalt market news - "Most analysts predict supply will continue to exceed demand in 2023". LFP batteries extend dominance over NCM batteries in China. Cobalt miners news - Glencore H1, 2023 production of 21,700 tonnes of cobalt, up 5% YoY. CMOC agrees to pay Congo's Gecamines $800 million to end spat.
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First Quantum Minerals Reports Second Quarter 2023 Results
(In United States dollars, except where noted otherwise) TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today reports results for the three months ended June 30, 2023 (“Q2 2023” or the "second quarter") of net earnings attributable to shareholders of the Company of $93 million ($0.13 earnings per share) and adjusted earnings1 of $85 million ($0.12 adjusted earnings per share2).
globenewswire.com
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Nickel Miners News For The Month Of June 2023
Nickel spot prices were lower last month. Nickel market news - BMI forecasts a nearly 2 million tonne nickel supply gap by 2030 and says nickel requires the largest critical mineral investment of $66 billion. Nickel company news - Nickel Industries conditional 19.99% placement to PT United Tractors Tbk raises A$943m. Poseidon Nickel updated Black Swan disseminated Resource of 26.3Mt at 0.72% nickel.
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Nickel Miners News For The Month Of May 2023
Nickel spot prices were significantly lower the last month. Nickel market news - Nickel faces huge supply glut of Class 2 nickel as Indonesian output booms; however Class I nickel demand is very strong with LME inventory levels declining. Nickel company news - Vale imminent sale of 10% of its base metals business, reported to be worth $US20-25B. Glencore & Li-Cycle announce joint study for battery recycling hub.
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Cobalt Miners News For The Month Of May 2023
Cobalt spot prices were flat for the month, and LME inventory was lower for the month. Cobalt market news - Cobalt to remain key EV raw material despite substitution threat. Fastmarkets' research analysts forecast cobalt will reach an oversupply of 4,000 tonnes in 2023.
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Copper producer First Quantum announces $1 billion senior notes offering
(Kitco News) - Copper producer First Quantum announces $1 billion senior notes offering
kitco.com
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LUNMF or FQVLF: Which Is the Better Value Stock Right Now?
Investors with an interest in Mining - Non Ferrous stocks have likely encountered both Lundin Mining (LUNMF) and First Quantum Minerals (FQVLF). But which of these two companies is the best option for those looking for undervalued stocks?
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Nickel Miners News For The Month Of April 2023
Nickel spot prices were flat the last month. Nickel market news - INSG forecasts 2023 nickel surplus amid increase in Class 2 supplies. Fitch says nickel could average $US32,000/t in years to come.
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First Quantum's net earnings down in 'difficult' first quarter
(Kitco News) - First Quantum (TSX: FM), one of the world's largest copper miners, yesterday announced that its total copper production in Q1 2023 was 138,753 tonnes, a 33% decrease from Q4 2022 and a 24% decrease from Q1 2022.
kitco.com
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Precious Metals Royalty And Streaming Companies: The March Report
The Precious Metals R&S Index grew by 14.5% in March. The Precious Metals R&S Equally Weighted Index grew by 8.53%.
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First Quantum, Rio Tinto form partnership to progress the La Granja copper project in Peru
(Kitco News) - Major copper producer First Quantum Minerals (TSX: FM) announced yesterday that it has entered into an agreement with Rio Tinto to progress the next phase of the La Granja copper project in Peru.
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Nickel Miners News For The Month Of March 2023
Nickel spot prices were lower the last month. Sprott launches Nickel Miners ETF. Nickel market news - EU Critical Raw Materials Act 10% of critical raw materials mined in Europe by 2030. Ford CEO says lithium and nickel are the key constraining commodities.
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First Quantum Minerals and Rio Tinto Form Partnership to Progress the La Granja Copper Project in Peru
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) is pleased to announce that it has entered into an agreement with Rio Tinto to progress the next phase of the La Granja copper project (the “Project”) in Peru.
globenewswire.com
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Rio Tinto and First Quantum Minerals partner to progress the La Granja copper project in Peru
LONDON--(BUSINESS WIRE)--Rio Tinto and First Quantum Minerals ("First Quantum") have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world. La Granja is a complex orebody located at high altitude in Cajamara, Northern Peru, that has the potential to be a large, long-life operation, with a published Indicated and Inferred Mineral Resource totalling 4.
businesswire.com
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Cobalt Miners News For The Month Of March 2023
Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - EU Commission wants 10% of critical raw materials mined in Europe by 2030. Fastmarkets forecast cobalt surplus of 4,000t in 2023, increasing to 14,000t in 2024.
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Cobalt Miners News For The Month Of February 2023
Cobalt spot prices were down significantly for the month, and LME inventory was down for the month. A shift towards LFP batteries has not helped cobalt demand in China. Cobalt market news - BMI: Cobalt rout continues into 2023 due to limited demand from consumer electronics, a surplus supply from mines, and high inventory levels.
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First Quantum Minerals Ltd (FQVLF) Q4 2022 Earnings Call Transcript
First Quantum Minerals Ltd [FQVLF] Q4 2022 Earnings Conference Call February 15, 2023 9:00 AM ET Company Participants Tristan Pascall - CEO Rudi Badenhorst - COO Ryan MacWilliam - CFO Bonita To - Director, IR Conference Call Participants Jackie Przybylowski - BMO Capital Markets Orest Wowkodaw - Scotiabank Emily Chieng - Goldman Sachs Greg Barnes - TD Securities Lawson Winder - BofA Securities Sandeep Peety - Morgan Stanley Ed Brucker - Barclays Capital Karl Blunden - Goldman Sachs Dalton Baretto - Canaccord Genuity Operator Thank you for standing by. This is the conference operator.
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First Quantum Minerals, Warrior Met Coal: Here's what to expect from the mining sector this week
The mining industry is set for a busy week with macro set-piece events and corporate earnings expected to drive the sector after a dip in equities and metals prices last week, largely due to weak demand from China. RBC Capital, the Canadian investment bank, says the market is eagerly awaiting the US CPI print later this month, which could impact the country's monetary policy following a robust labour market report.
proactiveinvestors.co.uk
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Precious Metals Royalty And Streaming Companies: The January Report
The Precious Metals R&S Index grew by 11.47% in January. The Precious Metals R&S Equally Weighted Index grew by 3.76%.
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Cobalt Miners News For The Month Of January 2023
Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - BMI anticipates that cobalt prices will fall in early 2023 given surplus forecasts. Project Blue forecasts cobalt prices should strengthen as the year goes on.
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Precious Metals Royalty And Streaming Companies: The December Report
The Precious Metals R&S Index decreased by 3.3% in December. The Precious Metals R&S Equally Weighted Index increased by 3.69%.
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Canada's First Quantum could suspend Panama jobs due to government order to halt operations
Canada-based miner First Quantum would suspend a "significant amount" of jobs at its operations in Panama if the Central American government forces it to halt operations during a contract dispute, the company said in a letter.
reuters.com
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Nickel Miners News For The Month Of December 2022
Nickel spot prices were significantly higher the last month and the LME inventory was higher. Nickel market news - BMI: You can build the cathode/battery/EV plants; but if you don't have the raw materials, they're just expensive weights on your balance sheet.
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