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First Quantum Minerals Ltd T.FM

Alternate Symbol(s):  FQVLF

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

Bullboard Posts
Post by Montrealcopperon Jul 01, 2016 9:26am
179 Views
Post# 25015111

Chinese PMI

Chinese PMIChinese PMI was not a miss, it was less than previous month but way above forcast.
it meets expectation and past the forcast, So there was no surprise, and as far as copper is concern the construction has accelerated significantly in june as per Financial Times factory acitivity is in stasis. https://next.ft.com/content/fc1235b9-ff25-35f7-b890-cae5da7776e2

now, it all depends on copper and today it is recovery as people going through the detail of thePMI, monday low will be a bargain. so if anyone is still waiting for FM to be at 4 or 5$ while copper is 2.2$ it is going to be a long wait, NB: FM traded above 9$ while copper was below 2.1
good luck to all

Bullboard Posts