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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: 1-416-3616400
IR: See website
Key People
Philip K. R. Pascall
Executive Chairman of the Board, Chief Executive Officer
Hannes O. Meyer
Chief Financial Officer
Tristan Pascall
Chief Operating Officer
Juliet Wall
General Manager - Finance
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 nine months ended 30 September 2021, FirstQuantum Minerals Limited revenues increased 48% to $5.33B.Net income totaled $585M vs. loss of $189M. Revenuesreflect cobre panama segment increase from $945M to $2.52B,Sentinel segment increase of 82% to $1.51B, Copper, Avg.Price per Met. Tonne, Total increase of 33% to $7363 permetric ton, Copper Production (M Tons)-Cobre panamaincrease of 79% to 251K metric tons.
Employees: 16,753 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $33,350M as of Sep 30, 2021
Annual revenue (TTM): $8,697M as of Sep 30, 2021
EBITDA (TTM): $4,048M as of Sep 30, 2021
Net annual income (TTM): $745.65M as of Sep 30, 2021
Free cash flow (TTM): $2,217M as of Sep 30, 2021
Net Debt Last Fiscal Year: $7,911M as of Sep 30, 2021
Shares outstanding: 691,061,319 as of Jan 4, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization