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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

Post by omboooon Nov 29, 2023 5:07pm
271 Views
Post# 35759688

Barrick Gold will buy this IMO

Barrick Gold will buy this IMOBarrick Gold was interested in this just 6 months ago. They wanted a merger at $36 a share. Now it's $11 a share. This is a match made in heaven. Barrick needs a canadian company with some write offs and Barrick is large enough that this mine would only be a small percentage of its overall portfolio. The reality is that Panama needs this mine, and a larger miner needs to step in who can play hardball. Right now, First Quantum has no leverage because Panama knows how badly FQ needs this. If Barrick bought it, then Barrick could simply shut it down and hold out until Panama realizes that 40,000 job loss and 5% GDP = what have we done??? and then reap the benefits.
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