First Quantum Minerals Ltd. will release third quarter 2020 financial and operating results on Wednesday October 28, 2020 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Thursday October 29, 2020 at 9:00 am . Conference call and webcast details are as follows: Date: October 29, 2020 Time: 9:00 am ; 1:00 pm ; 6:00 am Webcast: www.first-quantum.com [...]
First Quantum Minerals Ltd. today announced that it has successfully completed the pricing of its offering of $1,500 million aggregate principal amount of 6.875% Senior Notes due 2027 . The original offering amount of the Notes of $1,000 million has been increased to $1,500 million. The issue price of the Notes is 100.000%. Interest on the Notes will accrue from the issue date at a rate of 6.875% per annum and will be [...]
First Quantum Minerals Ltd. today announced that it is launching an offering of $1,000 million principal amount of Senior Notes due 2027 . The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of the Company's subsidiaries. Interest on the Notes will accrue from the issue date and will be payable semi-annually. The interest rate and offering price of each series of the Notes along [...]
First Quantum Minerals Ltd. today provides an update on operations and continuing efforts to mitigate the impact of COVID-19. Operational Performance The Company expects to produce 725,000 – 770,000 tonnes of copper, 230,000 – 250,000 ounces of gold and 15,000 – 17,000 tonnes of nickel for the full year 2020, as previously stated. Operations continue to perform as expected despite the challenges presented by the current [...]
First Quantum Minerals Ltd. today announced the filing of an updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects Technical Report dated June 30, 2020 for the Kansanshi Operations located in the North West Province, Zambia . The updated Kansanshi Technical Report is based on 1.5 million metres of resource expansion drilling and resulting assay data to provide an updated Mineral Reserve and [...]
First Quantum Minerals Ltd. today reported results for the three and six months ended June 30, 2020. The Company reported, for the three months ended June 30, 2020 , a comparative loss1 of $84 million , net loss attributable to shareholders of the Company1 of $156 million and cash flows from operating activities of $155 million . “Although the second quarter of 2020 has brought unprecedented challenges around the globe [...]
First Quantum Minerals Ltd. today announced that its Board of Directors has approved an interim dividend of CDN$0.005 per share in respect of the financial year ending December 31, 2019. The dividend will be paid on September 21, 2020 to shareholders of record on August 28, 2020. The Company has established a Dividend Reinvestment and Share Purchase Plan for its Canadian resident shareholders . The Plan enables Eligible [...]
First Quantum Minerals Ltd. will release second quarter 2020 financial and operating results on Tuesday July 28, 2020 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday July 29, 2020 at 9:00 am . First Quarter conference call and webcast details are as follows: Date: July 29, 2020 Time: 9:00 am ; 2:00 pm ; 6:00 am Webcast [...]
First Quantum Minerals Ltd. announces that Cobre Panama can resume full production. The Company has received notice of Resolution No. 1651, dated July 03, 2020, issued by the Ministry of Health of the Republic of Panama lifting the temporary suspensions at its Panamanian subsidiary, Minera Panama, S.A. Cobre Panama has been in Preservation and Safe Maintenance mode since April 6, 2020. The Company will implement a [...]
First Quantum Minerals Ltd. announced that the nominees listed in the Management Information Circular for the 2020 Annual and Special Meeting of Shareholders were elected as directors of First Quantum. In total, 505,436,164 shares were voted at the meeting, representing 73.32% of the issued and outstanding shares of the Company. Detailed results of the vote for the election of directors held at the Annual and Special [...]
First Quantum Minerals Ltd. today reported for the three months ended March 31, 2020 comparative loss1 of $79 million , net loss attributable to shareholders of the Company1 of $62 million and cash flows from operating activities of $473 million . “The COVID-19 pandemic has brought unprecedented challenges to communities, industries and the global economy. Our priority continues to be the health and safety of all of our [...]
First Quantum Minerals Ltd. today announced that the financial covenants under its senior $2.7 billion Term Loan and Revolving Credit Facility have been amended. The Net Debt to EBITDA Ratio has been increased as follows: to 5.00 for the third and fourth quarters of 2020; to 4.75 for the first and second quarters of 2021; and to 4.50 for the third and fourth quarters of 2021. The Debt Service Cover Ratio has been [...]
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