|Bid||18.75 x 0|
|Ask||18.77 x 0|
|Day's Range||18.35 - 20.64|
|52 Week Range||9.69 - 22.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.01 (0.05%)|
|1y Target Est||N/A|
Zambia expects to produce more than one million tonnes of copper this year after revising its 2017 copper production upwards on the back of stabe power supply, a senior ministry of mines official said on Tuesday. Rising copper prices were also expected to boost revenue collection in Africa's No.2 producer of the metal, which ranks exports of the metal as its biggest export. Ministry of Mines Permanent Secretary Paul Chanda said the copper production figure was revised upwards to 800,000 tonnes from 786,731 tonnes announced by the central bank last month.
Moody's Investors Service has today affirmed the B3 corporate family rating (CFR), the B3-PD probability of default rating (PDR) and the B3 senior unsecured rating of First Quantum Minerals Ltd (FQM). ...
There are a number of reasons that attract investors towards large-cap companies such as First Quantum Minerals Ltd (TSX:FM), with a market cap of CA$13.99B. Doing business globally, large capsRead More...
Canada's main stock index fell to a more than two-week low on Thursday, weighed by declines for auto parts, railroad and steel companies as global investors worried about the impact of more protectionist ...
Canada's main stock index hit a two-week low on Thursday as commodity prices fell, but the index pared its earlier losses as investors weighed testimony from U.S. Federal Reserve Chairman Jerome Powell. ...
In the previous part of this series, we looked at Freeport-McMoRan’s (FCX) capital allocation strategy. Southern Copper is in the middle of a multi-year growth plan, and it expects its copper production to rise to 1.5 million tons by 2025. To put that figure in perspective, consider that the company produced 877,000 metric tons of copper last year and expects its copper production to rise 6% year-over-year to 931,000 metric tons this year.
The Vancouver, British Columbia-based company said it had a loss of 17 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, were 23 cents per share. The metal and minerals ...
Freeport-McMoRan (FCX) suspended its annual dividend program in 2015 amid falling commodity prices. Glencore (GLEN-L) also suspended its dividend, while Teck Resources (TECK) lowered its dividend. Since commodity prices have bounced back sharply from their 1Q16 lows, several miners have taken a more generous view of their dividend policy.
Nickel output by First Quantum Minerals fell 24 percent to 17,837 tonnes last year from 23,624 tonnes in 2016, the company said in a preliminary production and sales report. The Canadian miner suspended operations at its Ravensthorpe nickel mine in Western Australia in September due to weak nickel prices. The global nickel market recorded a deficit of 77,400 tonnes in January to November last year.
A $1.4 billion lawsuit against Canada's First Quantum Minerals in Zambia will go ahead, a Zambian court ruled after dismissing the company's bid to stop the case. State-owned ZCCM-IH launched action in October 2016 to sue First Quantum for $1.4 billion over claims that the Canadian company borrowed $2.3 billion from its Zambian copper mining subsidiary Kansanshi Mining Plc without informing ZZCM-IH, a minority shareholder. First Quantum asked the court in February last year to dismiss the lawsuit by ZCCM-IH, which holds minority stakes in most of the country's copper mines.
Franco-Nevada's (FNV) fully-owned subsidiary, FNB, is set to acquire an additional precious metals stream on Cobre Panama project from Korea Resources for $178 million.