Previous close | 17.97 |
Open | 18.68 |
Bid | 18.52 x N/A |
Ask | 18.53 x N/A |
Day's range | 18.26 - 19.35 |
52-week range | 9.31 - 39.13 |
Volume | |
Avg. volume | 3,073,896 |
Market cap | 15.437B |
Beta (5Y monthly) | 1.86 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.21 (1.57%) |
Ex-dividend date | 25 Aug 2023 |
1y target est | N/A |
TORONTO (Reuters) -Shares of Canadian miner First Quantum Minerals jumped 6% on the Toronto Stock Exchange (TSX) in early trading on Monday, following news that Panama would conduct an environmental audit of the Cobre Panama mine to decide whether it can safely be reopened. At the end of Tuesday's trading day First Quantum closed up by 5% at C$18.82 at the TSX. President Jose Raul Mulino officially took charge of the Panama government on Monday and made the announcement of an environmental audit in his first address as the head of the government.
TORONTO/PANAMA CITY (Reuters) -Canadian miner First Quantum Minerals will launch formal arbitration proceedings against Panama in July over the country's decision to close the giant Cobre Panama mine in November, two people familiar with the matter told Reuters. The move coincides with the start of a new administration in the Central American country that could determine the future of one of the world's newest and biggest copper mines that had been responsible for 1% of global output prior to being shuttered. Shares of First Quantum closed down 8% at C$17.86 on the Toronto Stock Exchange on Friday.
Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday. One of the three largest global copper producers, First Quantum in Peru controls the La Granja project, worth at least $2.5 billion, and the $1.86 billion Haquira project. "These are projects that need to be accelerated," said the mining company's project development director, Steven Lewis, during a speech at a mining forum in Lima.