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First Quantum Minerals Ltd trades in the stock market under the ticker symbol of FQVLF. Search for the ticker of any public company above using the 'Get Ticker' search in red.

Who is First Quantum Minerals Ltd?

First Quantum Minerals, Ltd. engages in the exploration, development, production, and processing of mineral resource properties, primarily copper, gold, and acid and related deposits in Zambia, the Democratic Republic of Congo (DRC), and Mauritania. The company owns an 80% interest in the Kansanshi copper-gold mine located in the northwest province of Zambia; a 100% interest in the Bwana plant in Zambia and the Lonshi copper mine situated in DRC; and an 80% interest in the Guelb Moghrein deposit located near Akjoujt in Mauritania. It also holds a 65% interest in the Kolwezi copper-cobalt Tailings project; and a 95% interest in the Frontier copper prospect in the DRC, as well as owns the Kash...


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Founded in 1983
Last $22.64 USD
Change Today +0.33 / 1.48%
Volume 10.0K
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

first quantum minerals ltd (FQVLF) Snapshot

Open
$22.66
Previous Close
$22.31
Day High
$22.66
Day Low
$22.64
52 Week High
07/9/14 - $25.05
52 Week Low
11/27/13 - $15.58
Market Cap
13.6B
Average Volume 10 Days
10.4K
EPS TTM
--
Shares Outstanding
600.5M
EX-Date
08/26/14
P/E TM
--
Dividend
$0.10
Dividend Yield
0.58%
FQVLF:US Advanced Stock Chart

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first quantum minerals ltd (FQVLF) Key Developments

Mirasol Resources Ltd. Signs Definitive Option and Joint Venture Agreement with First Quantum Minerals Ltd

Mirasol Resources Ltd. announced that on the August 14, 2014 it signed the definitive option and joint venture agreement with its partner, First Quantum Minerals Ltd. for the exploration and development of its 100%- owned, 13,659 hectare Rubi Property, located in the El Salvador copper-gold mining district of Region III, northern Chile. The Definitive Agreement requires First Quantum to make an exploration expenditure commitment of at least USD 1.5 million by the first year anniversary of the signing of this agreement, with a minimum exploration commitment which includes a project-wide magnetic geophysical survey and 3,000 m of core drilling on the Rubi Property. The Definitive Agreement provides for First Quantum to earn a 55% interest in the Rubi Property upon completion of a USD 6.5 million investment in exploration over four years from the date of signing the Definitive Agreement including at least USD 1.0 million in annual staged cash payments following the first year. After the initial earn-in, First Quantum's participating interest may be increased to 65% on completing, within an additional two years, a NI 43-101 compliant technical report, including an indicated resource estimate and Preliminary Economic Assessment (PEA) of more than 1.0 million tonnes of contained Cu metal, using a 0.20% cut-off grade.

Kiska Metals Corporation Enters into Binding Letter Agreement with First Quantum Minerals Ltd on Copper Joe Project and Mobilizes Drill Program

Kiska Metals Corporation announced that it has entered into a binding letter agreement with First Quantum Minerals Ltd. Pursuant to the letter agreement, First Quantum was granted an exclusive right, without obligation, to enter into a formal option agreement pursuant to which First Quantum would be granted an option to earn up to an 80% interest in the Copper Joe Project located in Alaska. Kiska holds an exclusive right to acquire a 100% interest in the mining claims that comprise the Copper Joe Project from Kennecott Exploration Company pursuant to an option agreement which was amended to, among other things, permit the transfer of rights or interests of Kiska under the Copper Joe Agreement to First Quantum. Pursuant to the letter agreement, First Quantum acquired a right to enter into a formal option to joint venture agreement by providing notice to Kiska by March 31, 2015. First Quantum will fund and Kiska will operate an initial 1,500 metre drill program commencing in early September 2014 to test geochemical and geophysical targets on the Copper Joe Project. Kiska will receive an initial cash payment of USD 10,000 and annual cash payments of USD 50,000 beginning on the first anniversary of the letter agreement. The option to joint venture agreement will provide that First Quantum can earn an initial 51% interest in the Copper Joe Project by funding expenditures of USD 5,000,000 by December 31, 2017, with Kiska retaining a 49% carried interest. First Quantum's interest will increase by a further 29% (80% total) when a decision to mine is made. Upon the decision to mine, First Quantum has the right to require Kiska to sell its remaining interest (20%) to First Quantum, and Kiska has the right to require First Quantum to purchase its interest in the joint venture, for a predetermined amount. First Quantum will deliver to Kennecott cash payments of USD 10,000,000 upon the completion of a pre-feasibility study, and USD 5,000,000 upon the announcement of a decision to mine. In addition to the Milestone Payments, Kennecott will retain a royalty on the Copper Joe Project.

First Quantum Minerals Ltd. Announces Operating and Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Capital Expenditure Guidance for the Full Year 2014

First Quantum Minerals Ltd. announced operating and earnings results for the second quarter and six months ended June 30, 2014. For the quarter, sales revenues were USD 945.1 million against USD 869.3 million a year ago. EBITDA was USD 381.5 million against USD 284.2 million a year ago. Net earnings attributable to shareholders of the company were USD 133.6 million against USD 71.9 million a year ago. Diluted earnings per share were USD 0.23 against USD 0.12 a year ago. Comparative earnings were USD 133.6 million against USD 103.6 million a year ago. Comparative earnings per share were USD 0.23 against USD 0.18 a year ago. Cash flow from operations before changes in working capital and tax paid was USD 388.6 million against USD 281.6 million a year ago. The group ended the quarter on a net debt position of a little over USD 4.3 billion compared to just over USD 3.7 billion at the beginning of the quarter. For the six months, Sales revenues were USD 1,835.6 million against USD 1,770.5 million a year ago. EBITDA was USD 745.1 million against USD 594.6 million a year ago. Net earnings attributable to shareholders of the company were USD 260.4 million against USD 184.3 million a year ago. Diluted earnings per share were USD 0.44 against USD 0.34 a year ago. Comparative earnings were USD 260.4 million against USD 257.4 million a year ago. Comparative earnings per share were USD 0.44 against USD 0.48 a year ago. Cash flow from operations before changes in working capital and tax paid was USD 758.7 million against USD 606.3 million a year ago. For the quarter, copper production was 107,808 tonnes against 103,694 tonnes a year ago. Copper sales were 114,449 tonnes against 95,491 tonnes a year ago. Nickel production was 12,223 contained tonnes against 10,875 contained tonnes a year ago. Nickel sales was 10,651 contained tonnes against 11,927 contained tonnes a year ago. Gold production was 60,723 ounces against 63,567 ounces a year ago. Gold sales was 60,135 ounces against 59,381 ounces a year ago. For the six months, copper production was 220,926 tonnes against 183,002 tonnes a year ago. Copper sales were 217,235 tonnes against 184,600 tonnes a year ago. Nickel production was 24,061 contained tonnes against 21,947 contained tonnes a year ago. Nickel sales was 24,748 contained tonnes against 22,975 contained tonnes a year ago. Gold production was 120,887 ounces against 119,511 ounces a year ago. Gold sales was 113,261 ounces against 118,172 ounces a year ago. For the full year 2014, total production of copper is expected between 418,000 and 444,000 tonnes; total production nickel is expected between 45,000 and 48,000 tonnes; total production gold is expected between 221,000 and 242,000 ounces; total production zinc is expected between 55,000 and 60,000 tonnes; total production palladium is expected between 22,000 and 24,000 ounces; and total production platinum is expected between 26,000 and 29,000 ounces. Capital expenditures is expected between USD 2.2 billion and USD 2.4 billion, excluding capitalization of any pre-commercial production costs and capitalized interest. The CapEx forecast includes about USD 600 million for Cobre Panama, just under USD 700 million for Trident, just over USD 600 million on Kansanshi major projects, mining fees and housing, and approximately USD 70 million at Guelb Moghrein, which includes the magnetite mill upgrade projects. And for the group, as well as a whole, capitalized stripping of USD 160 million.

 

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FQVLF

Industry Average

Valuation FQVLF Industry Range
Price/Earnings 24.8x
Price/Sales 3.6x
Price/Book 1.6x
Price/Cash Flow 25.2x
TEV/Sales 1.8x
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