|Bid||18.64 x 0|
|Ask||18.73 x 0|
|Day's Range||16.32 - 18.74|
|52 Week Range||9.69 - 22.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||0.01 (0.05%)|
|1y Target Est||17.77|
For now at least, Barrick Gold Corp. seems to have escaped a tax crackdown in Zambia that has embroiled fellow Canadian miner First Quantum Minerals Ltd.
TORONTO/LONDON, March 21 (Reuters) - Canada's First Quantum Minerals on Wednesday was hopeful of resolving a dispute with Zambia over a whopping 76.5 billion Zambian kwacha ($8.07 billion) bill for unpaid duties on imported mining equipment. Zambia has reduced "significant" tax assessments against it in the past, Chief Executive Philip Pascall said on a conference call with analysts. The bill comprises $150 million in higher import duties, $2.1 billion in penalties and $5.7 billion in interest, First Quantum said.
First Quantum Minerals Ltd. recovered from what was shaping up to be its worst two-day drop in two years as its chief executive officer said he’s hoping to talk his way out of a $7.9 billion tax bill in ...
First Quantum Minerals Ltd. is hoping to talk its way out of a $7.9 billion tax assessment in Zambia. Investors aren’t so sure, with shares down 17 percent in the two days since news of the claim emerged....
Zambia said it uncovered a nearly $8 billion unpaid tax bill by Canadian miner First Quantum Minerals as it moves to audit the mining industry.
What Could Sustain Freeport’s Rally? In the previous article, we looked at issues facing Freeport-McMoRan’s (FCX) Grasberg operations and compared the stock’s valuation to its peer companies. Notably, Grasberg is a key long-term asset for the company.
TORONTO , March 21, 2018 /CNW/ - Trading resumes in: Company: First Quantum Minerals Ltd TSX Symbol: FM Resumption (ET): 08:00 IIROC can make a decision to impose a temporary suspension (halt) of trading ...
First Quantum to host a conference call and webcast to discuss claims by the Zambia Revenue Authority
TORONTO , March 21, 2018 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM") will host a conference call and webcast on Wednesday ...
VANCOUVER/LUSAKA (Reuters) - First Quantum Minerals said on Tuesday that Zambia's tax agency had slapped it with 76.5 billion Zambian kwacha (£5.7 billion) bill for unpaid import duties, a potentially huge blow for the Canadian miner that earns most its profit in the southern African country. First Quantum, which owns two copper mines in Zambia and has a market value of $11 billion, denied it owed the funds. The tax assessment would be a "new significant risk for the company", Jefferies analyst Christopher LaFemina said in a client note, as almost half of First Quantum's estimated value and around 80 percent of its estimated pre-tax earnings in 2018, come from its Zambian copper assets.
VANCOUVER/LUSAKA, March 20 (Reuters) - First Quantum Minerals said on Tuesday that Zambia's tax agency had slapped it with 76.5 billion Zambian kwacha ($8.04 billion) bill for unpaid import duties, a potentially huge blow for the Canadian miner that earns most its profit in the southern African country. First Quantum, which owns two copper mines in Zambia and has a market value of $11 billion, denied it owed the funds. The tax assessment would be a "new significant risk for the company", Jefferies analyst Christopher LaFemina said in a client note, as almost half of First Quantum's estimated value and around 80 percent of its estimated pre-tax earnings in 2018, come from its Zambian copper assets.
Zambia handed First Quantum Minerals Ltd. a $7.9 billion tax bill and said it’s planning an audit of other mining companies going back six years. The Canadian miner’s shares fell the most in almost two ...
First Quantum Minerals responds to news article regarding claims by the Zambia Revenue Authority
TORONTO, March 20, 2018 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM") today responded to a news article about claims made by the Zambia Revenue Authority ("ZRA") regarding underpayment of customs duties. The Company confirms that it is in possession of a letter from the ZRA, dated March 19, 2018, noting an assessment for import duties, penalties and interest on consumables and spare parts of 76.5 billion Zambian kwacha. The Company unequivocally refutes this assessment which does not appear to have any discernable basis of calculation and will continue working with the ZRA, as it normally does, to resolve the issue.
TORONTO , March 20, 2018 /CNW/ - The following issues have been halted by IIROC: Company: First Quantum Minerals Ltd. TSX Symbol: FM (all issues) Reason: Pending News Halt Time (ET): 2:48 PM IIROC can ...
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). ...
TORONTO, March 14, 2018 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM") today reported that the Cobre Panama project is currently experiencing industrial action which has reduced the level of work being performed on the project. This action was started by a small number of personnel and their outside union leadership on March 9, 2018. Cobre Panama has received significant support from the government including visits from senior Ministers to assist in reaching a resolution.
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...
LONDON, UK / ACCESSWIRE / March 12, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Trevali Mining, Yamana Gold, ...
NEW YORK, NY / ACCESSWIRE / March 9, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
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 ...