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First Quantum Minerals Ltd (T:FM)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: Three Bentall Centre
595 Burrard Street, Suite 2600
P.O. Box 49314
Tel: N/A
IR: See website
Key People
Philip K. R. Pascall
Executive Chairman of the Board
Tristan Pascall
Chief Executive Officer, Director
Hannes O. Meyer
Chief Financial Officer
Juliet Wall
General Manager - Finance
John Howard Gregory
Group Consulting Mining Engineer
Zenon Wozniak
Director - Projects
Sarah Robertson
Corporate Secretary
Business Overview
First Quantum Minerals Ltd. is a Canada-based company engaged in the production of copper, nickel, gold, silver, zinc and acid, and related activities including exploration and development. The Company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia and Mauritania. It is developing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring the Haquira copper deposit in Peru. Its operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Guelb Moghrein, Cayeli, Ravensthorpe, and Pyhasalmi. The Cobre Panama is located in Colon Province approximately 120 kilometer west of Panama City. The Kansanshi copper-gold mine is located in the North Western Province of Zambia. The Sentinel open-pit copper mine is located approximately 150 kilometer west of Solwezi in North Western Province of Zambia. The Company is also developing Enterprise nickel project, which is located approximately 12 km away from its Sentinel copper mine.
Financial Overview
For the six months ended 30 June 2022, First Quantum Minerals Limited revenues increased 19% to $4.07B. Net income increased from $282M to $804M. Revenues reflect Copper, Avg. Price per Met. Tonne, Total increase of 28% to $9026 per metric ton, Copper Production (M Tons)-Cobre panama increase of 3% to 169K metric tons. Net income benefited from Corporate & Other segment income totaling $1M vs. loss of $611M.
Employees: 17,845 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $24,924M as of Jun 30, 2022
Annual revenue (TTM): $10,039M as of Jun 30, 2022
EBITDA (TTM): $5,073M as of Jun 30, 2022
Net annual income (TTM): $1,753M as of Jun 30, 2022
Free cash flow (TTM): $2,494M as of Jun 30, 2022
Net Debt Last Fiscal Year: $6,912M as of Jun 30, 2022
Shares outstanding: 691,787,827 as of Jul 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization