First Quantum Minerals Ltd. today announced that the Board of Directors will appoint Tristan Pascall, currently the Company's Chief Operating Officer , to the role of Chief Executive Officer . The appointment will take effect at the Annual General Meeting to be held in early May 2022, at which time Philip Pascall, the Company's current Chairman and CEO, will retire from the CEO role and will continue to serve as Chairman [...]
First Quantum Minerals Ltd. today reported results for the three and nine months ended September 30, 2021. The Company reported, for the three months ended September 30, 2021 , comparative earnings1 of $197 million , net earnings attributable to shareholders of the Company1 of $303 million and cash flows from operating activities of $703 million . "In the third quarter, we delivered continued strong operational [...]
Venus Metals Corporation Ltd. is pleased to provide an update on its recent field exploration activities in the Mangaroon North project area that abuts Dreadnought Resources Ltd's tenure in the Gascoyne Region of Western Australia and is prospective for Ni-Cu-Pt-Pd, Au and rare earth mineralization. - An initial soil geochemical survey totalling c. 1,500 samples was completed across E 09/2422, E 08/3229 and ELA 08/3375 [...]
First Quantum Minerals Ltd. today announced that it has signed a new $2.925 billion Term Loan and Revolving Credit Facility . This new Facility replaces the existing $2.7 billion Term Loan and Revolving Credit Facility due to mature December 2022. The new $2.925 billion Facility comprises a $1.625 billion Term Loan Facility and a $1.3 billion Revolving Credit Facility, maturing in September 2025. The Facility is [...]
First Quantum Minerals Ltd. will release third quarter 2021 financial and operating results on Tuesday, October 26, 2021 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, October 27, 2021 at 9:00 am . Conference call and webcast details: Toll-free North America: 1-800-952-5114 Toronto Local and International: 416-406-0743 Toll-free UK [...]
First Quantum Minerals Ltd. today reported results for the three and six months ended June 30, 2021. The Company reported, for the three months ended June 30, 2021 , comparative earnings1 of $173 million , net earnings attributable to shareholders of the Company1 of $140 million and cash flows from operating activities of $679 million , which represent a significant improvement on the same quarter of 2020. "The second [...]
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, 2021. The dividend will be paid on September 21, 2021 to shareholders of record on August 30, 2021. The Company has established a Dividend Reinvestment and Share Purchase Plan for its Canadian resident shareholders . The Plan enables Eligible [...]
Venus Metals Corporation Ltd. is pleased to announce the recent grant of the exploration licence 09/2422. This EL and three additional EL applications are in the name of Redscope Enterprises Pty Ltd, a wholly owned subsidiary of Venus, and cover a total of 546 km2 in an area prospective for Ni-Cu-Pt-Pd, Au and Rare Earth Elements in the Gascoyne Region of Western Australia. MANGAROON NORTH Ni-Cu-Pt-Pd-Au PROJECT: - The [...]
First Quantum Minerals Ltd. will release second quarter 2021 financial and operating results on Tuesday, July 27, 2021 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, July 28, 2021 at 9:00 am . Conference call and webcast details: Toll-free North America: 1-800-952-5114 Toronto Local and International: 416-406-0743 Toll-free UK [...]
First Quantum Minerals Ltd. today announced that it has entered into a binding agreement to sell a 30% equity interest in the Ravensthorpe Nickel Operation in Western Australia for cash consideration of $240 million to POSCO, one of the world's largest steel producers . First Quantum will retain a 70% interest in Ravensthorpe and continue to be the operator. The proceeds of the transaction will be used to reduce the [...]
First Quantum Minerals Ltd. announced that the nominees listed in the Management Information Circular for the 2021 Annual Meeting of Shareholders were elected as directors of First Quantum. In total, 582,519,893 shares were voted at the meeting, representing 84.38% of the issued and outstanding shares of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting on May 6, 2021 are [...]
First Quantum Minerals Ltd. today reported for the three months ended March 31, 2021 comparative earnings1 of $150 million , net earnings attributable to shareholders of the Company1 of $142 million and cash flows from operating activities of $743 million . "Our operations performed very well with Cobre Panama delivering record quarterly production. Our Zambian business delivered in line with plan despite the heavy rains [...]
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