First Quantum Minerals Ltd. announced that the nominees listed in the Management Information Circular for the 2019 Annual General Meeting of Shareholders were elected as directors of First Quantum. In total, 519,806,922 shares were voted at the meeting, representing 75.40% of the issued and outstanding shares of the Company. Detailed results of the vote for the election of directors held at the Annual General Meeting on [...]
First Quantum Minerals Ltd. today reported comparative earnings1 of $95 million , net earnings1 attributable to shareholders of the Company of $53 million and cash flows from operating activities of $159 million for the three months ended March 31, 2019 . SUMMARY: Stable Operational Results; Delivering on Expectation 136,969 tonnes of copper2 produced including 25 tonnes of pre-commercial production at Cobre Panama [...]
First Quantum Minerals Ltd. will publish its first quarter 2019 financial and operating results on Monday April 29, 2019 after the close of the Toronto Stock Exchange. The Company's President, Clive Newall, will host a conference call and webcast to discuss the results on Tuesday April 30, 2019. Conference call and webcast details are as follows: Date: April 30, 2019 Time: 9:00 am ; 2:00 pm ; 6:00 am Webcast [...]
First Quantum Minerals Ltd. today filed an updated technical report for its Cobre Panama project in Panama dated December 31, 2018. The technical report incorporates updates with respect to ramp-up and commissioning of the current operation and provides detail on the expansion of the project from 85 million tonnes per year to 100 Mtpa starting in 2023. The technical report also includes an updated production schedule and [...]
First Quantum Minerals Ltd. today reported comparative earnings1 of $182 million , net earnings attributable to shareholders of the Company1 of $198 million and cash flows from operating activities of $338 million for the three months ended December 31, 2018 . For the full year 2018, the Company reports comparative earnings1 of $487 million , net earnings attributable to shareholders of the Company1 of $441 million and [...]
First Quantum Minerals Ltd. today announced that its Board of Directors has approved a final dividend of CDN$0.005 per share in respect of the financial year ending December 31, 2018. The dividend will be paid on May 7, 2019 to shareholders of record on April 15, 2019. This, together with the interim dividend of CDN$0.005, makes a total of CDN$0.01 for the 2018 financial year. The Company has established a Dividend [...]
First Quantum Minerals Ltd. is pleased to announce first introduction of ore to the processing plant at Cobre Panama. On February 7, 2019, ore was introduced through primary crushing and onto the stockpile with initial feed rates between 4,000 and 5,000 tonnes per hour, and on February 11, 2019, ore was introduced through to the first milling circuit. Operation on ore continues, and will move into all other sections of [...]
First Quantum Minerals Ltd. today announced that it has signed a new $2.7 billion Term Loan and Revolving Credit Facility underwritten by three core relationship banks. This new Facility replaces the existing $1.5 billion Revolving Credit Facility. The new $2.7 billion Facility comprises a $1.5 billion Term Loan Facility and a $1.2 billion Revolving Credit Facility , maturing on December 31, 2022. The Facility will be [...]
First Quantum Minerals Ltd. will publish its fourth quarter 2018 and full year financial and operating results on Thursday February 14, 2019 after the close of the Toronto Stock Exchange. The Company's President, Clive Newall, will host a conference call and webcast to discuss the results on Friday February 15, 2019. Conference call and webcast details are as follows: Date: February 15, 2019 Time: 9:00 am ; 2:00 pm [...]
First Quantum Minerals Ltd. reports that the hydrometallurgical plant at Cobre Las Cruces has resumed copper production with the processing of lower-grade stockpiled ore. The stockpiled ore is expected to provide feed for the next several months while the Company obtains the necessary regulatory approvals to begin mining at Phase 6, an area unaffected by the incident. The Company previously reported that a major land [...]
First Quantum Minerals Ltd. previously reported on January 23, 2018, that a land slippage occurred on the slope of the northern zone of the open pit mine in the Cobre Las Cruces , located in the municipality of Gerena Spain. The Company can now report that, subject to regulatory approvals, a start-up of the mill is expected to commence sometime in February to process the existing stockpiles while developing a plan to [...]
First Quantum Minerals Ltd. reports that during the early morning hours of January 23rd, a land slippage occurred on the slope of the northern zone of the open pit mine in the Cobre Las Cruces mining hydrometallurgical complex, located in the municipality of Gerena Spain, without causing harm to any persons nor any impact on any third party facilities or land. The company has immediately activated the established safety [...]
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