First Quantum Minerals Ltd T.FM

Alternate Symbol(s): FQVLF

Metals & Mining Copper

First Quantum Minerals Ltd. is a Canada-based global copper company. The Company produces copper in the form of concentrate, cathode and anode and has inventories of nickel, gold and cobalt. It is engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. The Company's operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Its development projects include Enterprise, Haquira, Taca Taca and La Granja. Its operating segments include Cobre Panama, Kansanshi, Trident and Ravensthorpe. The Cobre Panama project comprises a series of copper porphyry deposits with main deposits, such as Balboa, Botija, Colina and Valle Grande. The Trident segment includes the Sentinel copper mine and the Enterprise Nickel development project. Its Ravensthorpe Nickel Operation is an open pit mine and primary processing plant located in the southwest of Western Australia.

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First Quantum Minerals Ltd

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Post by LCP7777on Oct 05, 2015 7:33pm

162 Views

Post# 24165469

To the over 20MM shares short.

Nothing to see here. Time to move along. Hedged almost half production at $2.41 well into 2016. C1 costs about $1.20. Saving $400 MM on Capex (like FM always seems to be able to do) at Cobre Panama. Power in Zambia stabilizing. (thanks Glencore for Mopani). Mgmt. all over cost savings and debt reductions. I have been in and out of this name hundreds of times and the mgmt. is pretty damn capable. Wished they paid less for Cobre Panama ya... but they deliver.

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