Latest news with #FirstQuantumMinerals
Business Insider
3 days ago
- Business
- Business Insider
First Quantum Minerals (FQVLF) Gets a Buy from Goldman Sachs
In a report released yesterday, Marcio Farid from Goldman Sachs maintained a Buy rating on First Quantum Minerals (FQVLF – Research Report), with a price target of C$22.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Farid is a 2-star analyst with an average return of 0.9% and a 46.67% success rate. Farid covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Vale SA, and Capstone Copper. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Quantum Minerals with a $16.28 average price target. The company has a one-year high of $16.23 and a one-year low of $10.18. Currently, First Quantum Minerals has an average volume of 209.6K. Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is neutral on the stock.
Time of India
4 days ago
- Business
- Time of India
Panama launches maintenance work at contested mine
PANAMA CITY: Panama's government said Friday it would start maintenance work at a major mine forced to shut by protests, but insisted the project was not tantamount to the pit reopening. Tired of too many ads? go ad free now Central America's biggest copper mine, the Canadian-owned Cobre Panama pit, closed in 2023 following weeks of crippling protests over its environmental impact. Maintenance will be carried out by a subsidiary of Canada's First Quantum Minerals "to prevent environmental damage" from materials stored at the mine, Trade and Industry Minister Julio Molto told a news conference. "This decision (...) does not imply the reactivation of the mine," Molto said. First Quantum Minerals said it would finance the work by exporting 121,000 tonnes of copper concentrate stored at the site since it closed down. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles. The country's Supreme Court ruled in November 2023 that a contract allowing First Quantum Minerals to continue operating the site was unconstitutional. Environmentalist Raisa Banfield criticized Friday's announcement as the Canadian giant "can't manage the mine." She called for an external audit to "establish the definitive closure plan." Cobre Panama, which began operations in 2019, had produced about 300,000 tonnes of copper concentrate a year, representing 75 percent of the country's exports and about five percent of its national economic output. It employed around 37,000 workers directly and indirectly.
Yahoo
4 days ago
- Business
- Yahoo
Panama launches maintenance work at contested mine
Panama's government said Friday it would start maintenance work at a major mine forced to shut by protests, but insisted the project was not tantamount to the pit reopening. Central America's biggest copper mine, the Canadian-owned Cobre Panama pit, closed in 2023 following weeks of crippling protests over its environmental impact. Maintenance will be carried out by a subsidiary of Canada's First Quantum Minerals "to prevent environmental damage" from materials stored at the mine, Trade and Industry Minister Julio Molto told a news conference. "This decision (...) does not imply the reactivation of the mine," Molto said. First Quantum Minerals said it would finance the work by exporting 121,000 tonnes of copper concentrate stored at the site since it closed down. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles. The country's Supreme Court ruled in November 2023 that a contract allowing First Quantum Minerals to continue operating the site was unconstitutional. Environmentalist Raisa Banfield criticized Friday's announcement as the Canadian giant "can't manage the mine." She called for an external audit to "establish the definitive closure plan." Cobre Panama, which began operations in 2019, had produced about 300,000 tonnes of copper concentrate a year, representing 75 percent of the country's exports and about five percent of its national economic output. It employed around 37,000 workers directly and indirectly. jjr/ag/cms/mtp
France 24
4 days ago
- Business
- France 24
Panama launches maintenance work at contested mine
Central America's biggest copper mine, the Canadian-owned Cobre Panama pit, closed in 2023 following weeks of crippling protests over its environmental impact. Maintenance will be carried out by a subsidiary of Canada's First Quantum Minerals "to prevent environmental damage" from materials stored at the mine, Trade and Industry Minister Julio Molto told a news conference. "This decision (...) does not imply the reactivation of the mine," Molto said. First Quantum Minerals said it would finance the work by exporting 121,000 tonnes of copper concentrate stored at the site since it closed down. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles. The country's Supreme Court ruled in November 2023 that a contract allowing First Quantum Minerals to continue operating the site was unconstitutional. Environmentalist Raisa Banfield criticized Friday's announcement as the Canadian giant "can't manage the mine." She called for an external audit to "establish the definitive closure plan." Cobre Panama, which began operations in 2019, had produced about 300,000 tonnes of copper concentrate a year, representing 75 percent of the country's exports and about five percent of its national economic output. It employed around 37,000 workers directly and indirectly.
Yahoo
4 days ago
- Business
- Yahoo
Panama launches maintenance work at contested mine
Panama's government said Friday it would start maintenance work at a major mine forced to shut by protests, but insisted the project was not tantamount to the pit reopening. Central America's biggest copper mine, the Canadian-owned Cobre Panama pit, closed in 2023 following weeks of crippling protests over its environmental impact. Maintenance will be carried out by a subsidiary of Canada's First Quantum Minerals "to prevent environmental damage" from materials stored at the mine, Trade and Industry Minister Julio Molto told a news conference. "This decision (...) does not imply the reactivation of the mine," Molto said. First Quantum Minerals said it would finance the work by exporting 121,000 tonnes of copper concentrate stored at the site since it closed down. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles. The country's Supreme Court ruled in November 2023 that a contract allowing First Quantum Minerals to continue operating the site was unconstitutional. Environmentalist Raisa Banfield criticized Friday's announcement as the Canadian giant "can't manage the mine." She called for an external audit to "establish the definitive closure plan." Cobre Panama, which began operations in 2019, had produced about 300,000 tonnes of copper concentrate a year, representing 75 percent of the country's exports and about five percent of its national economic output. It employed around 37,000 workers directly and indirectly. jjr/ag/cms/mtp Sign in to access your portfolio
