First Quantum Minerals Ltd.

First Quantum Minerals Ltd. announces four balance sheet strengthening initiatives : $500 million copper prepayment agreement The amendment and extension of its $2.2 billion corporate bank facilities that revises the leverage covenant and extends the maturity profile to April 2027 $1,000 million bought deal offering of common shares $1,600 million senior secured second lien notes offering These transactions will, when [...]

First Quantum Minerals Ltd. today reports results for the three months ended December 31, 2023 of a net loss attributable to shareholders of the Company of $1,447 million and an adjusted loss1 of $259 million . For the year ended December 31, 2023, the Company reported a net loss attributable to shareholders of the Company of $954 million and adjusted earnings1 of $261 million . "2023 closed with the Company facing one of [...]

First Quantum Minerals Ltd. will release fourth quarter and year-end 2023 financial and operating results on Tuesday, February 20, 2024 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, February 21, 2024 at 9:00 am . Conference call and webcast details: Toll-free North America: 1-800-319-4610 Toll-free International: +1-604-638-5340 [...]

First Quantum Minerals Ltd. announces preliminary production for the three months and year ended December 31, 2023, guidance for production, capital expenditures and costs for the years 2024 to 2026 and an update on balance sheet initiatives. "With the suspension of production at Cobre Panama, we are taking decisive action to conserve capital, lower costs and strengthen our financial position. This will enable the [...]

First Quantum Minerals Ltd. provides an update regarding the next steps required for the responsible environmental stewardship of the Cobre Panama mine. On December 20, Panama's Ministry of Commerce and Industries announced that it is pursuing a "closure plan" for Cobre Panama that will take several months to develop and will include a temporary phase of environmental preservation and safe management, conducting [...]

First Quantum Minerals Ltd. notes comments made by the President of Panama, Laurentino Cortizo, that on publishing of the Supreme Court of Panama's ruling of Law 406 as unconstitutional, there will be a transition process for the closure of the Cobre Panama mine. Minera Panamá S.A. , a subsidiary of First Quantum, is currently seeking additional details in respect of the ruling and its implications. With these [...]

First Quantum Minerals Ltd. notes the announcement by the Supreme Court of Justice in Panama that it has declared Law 406 unconstitutional. Law 406 approved the concession contract for the Cobre Panama mine on October 20, 2023. The Supreme Court has published its ruling and confirms that it intends to submit its ruling for publication in the Official Gazette immediately. The Company is reviewing the ruling and continues [...]

It is with deep regret that First Quantum Minerals Ltd. announces the death of a team member from its contracting partner, Reliant Drilling, at the Company's Kansanshi operation following a fall of ground at the underground dewatering decline on the evening of Thursday, November 23. In a separate incident on Friday, November 24, a contractor team-member from Omega Risk Solutions was tragically killed in a light vehicle [...]

First Quantum Minerals Ltd. today announced that its subsidiary, Minera Panamá S.A. , has further ramped down operations at Cobre Panama to one remaining ore processing train. Without shipments arriving at the mine's Punta Rincón port, it expects to run out of supplies for the on-site power plant during the week commencing November 20, 2023. The ongoing presence of an illegal blockade of small boats at the Punta Rincón [...]

First Quantum Minerals Ltd. today announced that its subsidiary, Minera Panama S.A. , has begun to reduce ore processing operations at the Cobre Panama mine. Cobre Panama has reduced its processing operations by ramping down one ore processing train while two remain operational. This disruption to operations is due to an illegal blockade of small boats at the mine's Punta Rincón port. The illegal actions at the port have [...]