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First Quantum Minerals Ltd (T:FM)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
Company Contact
Address: Suite 2600,, Three Bentall Centre,
P.O. Box 49314
Tel: 1-416-361 6400
IR: See website
Key People
Anthony Tristan Pascall
Chief Executive Officer, Director
Ryan L. Macwilliam
Chief Financial Officer
Rudi Badenhorst
Chief Operating Officer
Juliet Wall
General Manager - Finance
John Howard Gregory
Group Consulting Mining Engineer
Zenon Wozniak
Director - Projects
Sarah E. H. Robertson
Corporate Secretary
Business Overview
First Quantum Minerals Ltd. is a Canada-based company engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. It has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia and Mauritania, and a development project in Zambia. It is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring the Haquira and La Granja copper deposits in Peru. Its operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Cobre Panama is a copper mines, which is located in Colon Province, 120km west of Panama City, the production complex includes two open pits, a processing plant, two 150-megawatt power stations, and a port. The Kansanshi copper-gold mine is located near Solwezi, in the North Western Province of Zambia. The Sentinel open-pit copper mine is located 150km west of Solwezi in North Western Province of Zambia.
Financial Overview
For the six months ended 30 June 2023, First Quantum Minerals Ltd revenues decreased 21% to $3.21B. Net income decreased 79% to $168M. Revenues reflect cobre panama segment decrease of 17% to $697M, Kansanshi Copper/Gold Project (KCP) segment decrease of 9% to $358M, Copper, Avg. Price per Met. Tonne, Total decrease of 12% to $7963 per metric ton, Copper Production (M Tons)-Kansanshi decrease of 22% to 63K metric tons.
Employees: 19,809 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $30,342M as of Jun 30, 2023
Annual revenue (TTM): $9,125M as of Jun 30, 2023
EBITDA (TTM): $3,071M as of Jun 30, 2023
Net annual income (TTM): $536.62M as of Jun 30, 2023
Free cash flow (TTM): $688.98M as of Jun 30, 2023
Net Debt Last Fiscal Year: $7,618M as of Jun 30, 2023
Shares outstanding: 693,393,967 as of Sep 13, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization