First Quantum Minerals Ltd. announces that it has successfully completed the pricing of its offering of $1,600 million aggregate principal amount of 9.375% senior secured second lien due 2029 . The issue price of the Notes is 100.000%. Interest on the Notes will accrue from the issue date at a rate of 9.375% per annum and will be payable [...]
First Quantum Minerals Ltd. announces that it is launching an offering of $1,600 million aggregate principal amount of senior secured second lien notes due 2029 . The Notes will be senior secured second lien obligations and will rank equally in right of payment with all of the Company's existing and future senior debt and senior in right of payment [...]
First Quantum Minerals Ltd. announces that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Goldman Sachs as joint book-runners pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 121,680,000 common shares of First Quantum at a price of C$11.10 per [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]