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Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and... see more

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Nevada Copper Corp > First Quantum Risks Covenant Breach

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Post by bogfit on Dec 02, 2023 1:11pm

First Quantum Risks Covenant Breach

" Without Cobre Panama’s revenue, the company’s debt covenants would be tested in 2024, First Quantum Chief Financial Officer Ryan MacWilliam told a conference hosted by Bank of Nova Scotia on Wednesday. The bank said in a research note that at current copper prices and without the mine, it expected a covenant breach in the fourth quarter of next year.

First Quantum may have to trim spending elsewhere or sell assets in order to remain in compliance with lender agreements... at current copper prices and without the mine, it expected a covenant breach in the fourth quarter of next year."

First Quantum Risks Covenant Breach, Cost Cuts If Panama Shuts Important Copper Mine (yahoo.com)

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