First Quantum Minerals Ltd.
About First Quantum Minerals Ltd.
Overview
First Quantum Minerals Ltd. is a growing copper producer with operations spanning Zambia, Panama, Finland, Turkey, Australia, Spain, and Argentina. The company has a strong track record of building and operating large-scale mines in challenging jurisdictions and has grown through greenfield development and strategic acquisitions to become one of the world's top copper producers.
Operations
First Quantum operates the Cobre Panama mine (one of the world's largest copper mines), Kansanshi and Sentinel copper mines in Zambia, Guelb Moghrein copper-gold mine in Mauritania, Çayeli copper-zinc mine in Turkey, Ravensthorpe nickel mine in Australia, and Las Cruces copper mine in Spain. The company produces approximately 800,000 tonnes of copper annually along with significant gold, nickel, and zinc production.
Strategy
The company's strategy emphasizes safe and responsible operations, operational excellence to maximize cash flow, maintaining financial flexibility, pursuing organic growth at existing operations, and advancing development projects. First Quantum focuses on large-scale, long-life assets in copper and has demonstrated expertise in developing mines in frontier jurisdictions.
Key Projects
Key projects include the Enterprise nickel expansion in Zambia, potential expansions at Cobre Panama and Zambian operations, and the Haquira copper project in Peru (subject to financing and permits). The company continues to evaluate opportunities to extend mine life and expand production at existing operations while advancing brownfield and greenfield copper projects.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- FM
- Market Cap
- Large Cap
- Category
- Copper
- Commodities
- Copper, Nickel, Gold
- Headquarters
- Vancouver, Canada
- Founded
- 1983
- Employees
- ~18,000
Operating Countries
Producing Assets
- •Cobre Panama (Panama)
- •Kansanshi (Zambia)
- •Sentinel (Zambia)
- •Çayeli (Turkey)
- •Guelb Moghrein (Mauritania)
- •Las Cruces (Spain)
Development Assets
- •Taca Taca (Argentina)
- •Haquira (Peru)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.