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Last C$17.54 CAD
Change Today +0.99 / 5.98%
Volume 4.5M
FM On Other Exchanges
As of 4:00 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

first quantum minerals ltd (FM) Snapshot

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52 Week High
07/30/14 - C$27.29
52 Week Low
01/14/15 - C$9.89
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first quantum minerals ltd (FM) Details

First Quantum Minerals Ltd. operates as a mining and metals company worldwide. It produces copper, nickel, gold, zinc, platinum-group elements, and pyrite. The company is operating seven mines and developing five projects. Its operations and development projects are located in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Peru, and Argentina. The company was formerly known as First Quantum Ventures Ltd. and changed its name to First Quantum Minerals Ltd. in July 1996. First Quantum Minerals Ltd. was founded in 1983 and is based in Vancouver, Canada.

Founded in 1983

first quantum minerals ltd (FM) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.2M
President and Executive Director
Total Annual Compensation: $620.0K
Chief Financial Officer
Total Annual Compensation: $575.0K
General Counsel and Corporate Secretary
Total Annual Compensation: $416.0K
Executive Director of Business Development, E...
Total Annual Compensation: $800.0K
Compensation as of Fiscal Year 2014.

first quantum minerals ltd (FM) Key Developments

First Quantum Minerals Lays Off More than 300 Workers at its Zambian Unit's Kansanshi Mine

The Zambian unit of Canada's First Quantum Minerals announced more than 300 workers were being laid off at its Kansanshi mine, drawing a government call for redundancies to be canceled on the grounds it had not been informed as required by law.

First Quantum Minerals Inc. Relinquishes its Option over the Rubi Project in Northern Chile

Mirasol Resources Ltd. has been advised by First Quantum Minerals Inc. that it has relinquished its option to earn up to 75% of the Rubi project in the Eocene - Oligocene porphyry belt of northern Chile. On the 16 January 2015, First Quantum completed a 6,054 m, 16 hole combined reverse-circulation and diamond drill program at the Rubi project. The drilling was focused on a series of covered targets at the Lithocap prospect and a large gravel pediment-covered area at Pampa del Inca. Assays from this drilling returned low-level Cu and Mo associated with visible chalcopyrite and chalcocite, over narrow intervals of 2 to 6 m, in some case with several intersections of this type per drill hole. Preliminary review of these data shows the high assays are within the range 500 to 3,150 ppm Cu and 20 to 165 ppm Mo. Drill holes with these anomalous assays cluster predominantly in the Lithocap area where they are associated long intervals of sericite-clay-chlorite alteration with abundant disseminated pyrite and gypsum veins. Propylitically altered diorite dykes with epidote-pyrite stockworks where also noted. In the period from October 2013 to February 2014 First Quantum completed over $2.8 million of exploration at Rubi exceeding its first-year spending and exploration commitments. First Quantum generating a large exploration database consisting of airborne magnetics, gravity, IP and MT electrical geophysics, extensive soil geochemistry grids, hand-held spectrometer alteration studies and drill hole geology and geochemistry. Prior to determining the next steps for exploration at Rubi, Mirasol will compile and analyse the data received from First Quantum. This analysis will focus on the Lithocap, Portezuelo and Quebrado del Salado areas to determine if there are exploration vectors in the data that may indicate untested Cu-Mo and Au drill targets at these prospects.

First Quantum Minerals Announces Change of Registered Office

First Quantum Minerals Ltd. announced that effective immediately, that it has changed its registered and records office from: 8th Floor - 543 Granville Street, Vancouver, BC V6C 1X8 Canada, to 14th Floor - 543 Granville Street, Vancouver, British Columbia, V6C 1X8, Canada.


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