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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.


TSX:FM - Post by User

First Quantum Minerals Ltd
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Post by cetaitpasprevuon Mar 22, 2016 3:28pm
235 Views
Post# 24689374

FM- Going Concern Warning Resolved... For now

FM- Going Concern Warning Resolved... For nowSummary

First Quantum has resolved balance sheet concerns by selling its Kevitsa mine for a fair price.

The debt covenant issues are likely to recur unless copper prices rise substantially. We wouldn't rule out further asset sales.

The company's future is tied to success at Cobre Panama, and we point to a potential hiccup that has not been widely discussed.

The share price has tripled within just a few weeks. This exuberance appears overdone.

https://seekingalpha.com/article/3959960-first-quantum-minerals-going-concern-warning-resolved-now

Bullboard Posts
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