|Bid||11.88 x N/A|
|Ask||11.89 x N/A|
|Day's Range||11.63 - 11.96|
|52 Week Range||7.84 - 16.63|
|Beta (3Y Monthly)||4.72|
|PE Ratio (TTM)||32.11|
|Forward Dividend & Yield||0.01 (0.08%)|
|1y Target Est||N/A|
It's great to see First Quantum Minerals (TSE:FM) shareholders have their patience rewarded with a 35% share price pop...
South Korea's LS Nikko Copper signed a contract with Canada's First Quantum Minerals (FQM) to buy 120,000 tonnes per year of copper concentrate for 15 years starting in 2020, the South Korean copper smelter said on Wednesday. The deal will help LS Nikko Copper ensure a stable supply of copper concentrate, a key raw material to make electrolytic copper, gold and silver, the company said in a statement. Under the deal, LS Nikko Copper will receive copper concentrate from Panama's Cobre Panama, operated by FQM.
Today we are going to look at First Quantum Minerals Ltd. (TSE:FM) to see whether it might be an attractive investment...
Pangaea Investment Management Ltd said it had purchased 6 million more shares in First Quantum, bringing its stake in the company to 74.64 million shares, or 10.8%. The investment company has also entered into a forward contract through which it may choose to buy another 40 million shares. Jiangxi Copper, one of China's biggest copper producers, is a substantial shareholder in Pangaea.
Zambia will not replace its value-added tax (VAT) with a non-refundable sales tax as previously planned, Finance Minister Bwalya Ng'andu said on Friday, in a concession to mining companies that had fiercely opposed the proposal. Zambia, Africa's second-largest copper producer, is grappling with high debt levels and the effects of a severe regional drought which has depressed economic growth. The sales tax plan had been a major bone of contention between government and the mining industry, a critical sector.
Canada's main stock index fell from record highs on Monday as fresh signs of weakness in the euro zone and worries about a U.S.-China trade deal kept investors on the sidelines, while shares in First Quantum Minerals Ltd slumped 10% after the miner denied takeover talks. * First Quantum was the biggest decliner on the main index after it said it had no knowledge of any potential takeover bids but confirmed it was in talks with Jiangxi Copper for a potential sale of a minority interest in its Zambian copper assets. * Shares of Osisko Gold Royalties Ltd followed with a 7.2% fall after the miner said it would buy Barkerville Gold Mines for C$338 million.
Canada's First Quantum Minerals Ltd said on Monday it had no knowledge of any potential takeover bids but confirmed it was in talks with Jiangxi Copper Co Ltd for a potential sale of a minority interest in its Zambian copper assets. The company's shares have risen about 20% since Bloomberg reported on Thursday that First Quantum was attracting preliminary takeover interest and is working with defense advisers to weigh its options. International miners such as First Quantum have also looked on nervously as the Zambian government appointed a provisional liquidator to run Vedanta Resources' Konkola Copper Mines (KCM), claiming KCM has breached the terms of its licence.
Germany's North Channel Bank has been fined 110 million Danish crowns ($16.2 million) by a court in Denmark for its involvement in a dividend stripping scheme. Denmark's tax authorities have said they lost around $2 billion in the so-called tax stripping scandal that hit several countries across Europe including Germany, Belgium and Austria. The fine marks the first court ruling on the scam in Denmark where the government is trying to recover the money.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Zambia should keep mineral royalties capped at 7.5% in the 2020 budget to safeguard the health of the mining sector and promote additional investment, the Chamber of Mines said on Tuesday. The mining body said in proposals submitted to the finance ministry that the 2019 mining tax regime had raised the tax burden on mines to unsustainable and uncompetitive levels. "If the 1.5% increment on each band of the sliding scale is to be maintained, the maximum rate should be capped at 7.5%, for an LME copper price equalling or exceeding US$7,500/tonne," the Chamber of Mines said.
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Generally speaking long term investing is the way to go. But along the way some stocks are going to perform badly. To...
Colombia is looking to become a notable producer of copper within the next few years, the head of the national mining agency said, in a bid to diversify its mining output without neglecting production of coal and gold. Mining in Colombia has historically been focused on large coal mines along its northern coast and relatively small scale gold and emerald operations in the Andes. "We have the potential, but we're an unexplored country in terms of copper," said agency president Silvana Habib in an interview on Thursday.