Time filter

Source Type

News Article | May 5, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - May 5, 2017) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) is pleased to announce the appointment of Kathleen Hogenson to its Board of Directors. She will serve as an independent director effective immediately. Ms. Hogenson has extensive operational, leadership and executive experience in the oil and gas sector worldwide having served as an executive at Santos Limited and Unocal Corporation. Currently, she is the Chief Executive Officer of Zone Oil and Gas, a company she founded in 2008. Ms. Hogenson is also an independent director at Verisk Analytics, a New Jersey based publically traded data analytics and risk assessment firm and previously served on the board of Parallel Petroleum LLC and in an advisory role at Samsung Oil & Gas, LLC and Samsung C&T from 2008 to 2015. She also serves on the Advisory Board of The Women's Global Leadership Conference and was a speaker at the Harvard Business School Women's Conference. Ms. Hogenson earned a Bachelor of Science in Chemical Engineering from Ohio State University. "We welcome Kathleen to First Quantum and look forward to working with her. Her knowledge, gained from a wide-ranging international resource industry career and entrepreneurship, will bring a valuable perspective to our board," commented Philip Pascall, Chairman and CEO. First Quantum also announces that Robert Harding, currently a director of the Company, is assuming the role of Lead Independent Director. On Behalf of the Board of Directors of First Quantum Minerals Ltd. For further information visit our website at www.first-quantum.com.


TORONTO, ONTARIO--(Marketwired - April 12, 2017) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) will publish its first quarter 2017 financial and operating results on Thursday April 27, 2017 following the close of the TSX. The Company's President, Clive Newall, will host a conference call and webcast to discuss the results on Friday April 28, 2017. For further information visit our website at www.first-quantum.com.


News Article | May 5, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - May 5, 2017) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) announced that the nominees listed in the Management Information Circular for the 2017 Annual General Meeting of Shareholders were elected as directors of First Quantum. In total, 471,741,706 shares were voted at the meeting, representing 68.43% of the issued and outstanding shares of the Company. Detailed results of the vote for the election of directors held at the Annual General Meeting on May 4, 2017 in Toronto are set out below. The below results have also been filed on www.SEDAR.com. On Behalf of the Board of Directors of First Quantum Minerals Ltd. For further information visit our website at www.first-quantum.com.


News Article | May 3, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / May 3, 2017 / Midnight Sun Mining Corp. (TSXV: MMA) (the "Company" or "Midnight Sun") is pleased to announce the commencement of drilling on the Mitu copper-cobalt discovery on the Company's optioned Solwezi properties. The Company has contracted Blu Rock Mining Services Ltd. to conduct a diamond drilling program intended to further expand and define the extent of the previously announced ore-shale type copper-cobalt discovery (see news release dated January 12, 2017). A geophysical survey on Mitu, including 37 line-kilometers of natural source audio magneto tellurics ("NSAMT") conducted by the Company, indicates a very large 'banana' shaped anomaly running south of the initial discovery area on the western flank of the Solwezi Dome. This favourable contact zone along the western flank of the Solwezi Dome extends for over 17 kilometers on the Company's optioned properties. Midnight Sun is currently conducting air core drilling to confirm the presence of the ore-shale unit closest to surface as indicated by the NSAMT survey. To date, this shallow drilling (approximately 60 meters in depth) supports the NSAMT interpretation which indicates the ore-shale potentially continuing along the full 17 km contact zone. The goal of the diamond drilling is to test the dip extent of the ore-shale, which is estimated by the NSAMT survey to be 3 to 4 kilometers at a 20 degree angle from surface. NSAMT surveys are used extensively in the Zambia/Congo Copperbelt with known efficacy in identifying the blanket style deposition of ore-shale mineralization. Ore-shale mineralization is the dominant form of copper-cobalt deposition in the Zambia/Congo Copperbelt, the largest single copper-cobalt production area in the world. Mineralization is associated with shale units which form chemical and physical 'traps' for base metals at or near the contact between the Upper and Lower Roan units. The sedimentary nature of these ore-shale deposits lends themselves to the potential for both high grade as well as very large tonnage. Examples of this type of deposition in Zambia include the Sentinel mine, owned by First Quantum Minerals Ltd. ("First Quantum"), which has a measured and indicated resource of over one billion tonnes of copper1, and the Nkana copper-cobalt mine, jointly owned by Glencore International AG, First Quantum, and ZCCM Investment Holdings Plc, which has been in production since 1932 and still contains a measured and indicated resource of 211,300,000 tonnes of copper and cobalt.2 "We are at a transformative time for the Company" said Robert Sibthorpe, President "This drill program at the Mitu area should give us the big picture - whether Mitu has the strike and dip extent to potentially develop into a world-class deposit." While Mitu is the most advanced of the Company's Solwezi property targets, the earlier stage Dumbwa and 22 Zone areas remain highly prospective. 1 First Quantum website. Available at http://www.first-quantum.com/Our-Business/Development-Projects/Trident/Sentinel/Reserves-and-Resources/default.aspx 2 Glencore Resources and Reserves as at 31 December 2016. Available at http://www.glencore.com/investors/reports-and-results/reserves-and-resources/ : Richard Mazur, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. Mr. Mazur is a Director of the Company and, as such, is not independent. : 525,000 previously issued stock options at a strike price of $0.25 are set to expire on May 31, 2017. The Company expects these options will be exercised prior to expiration. ON BEHALF OF THE BOARD NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.


News Article | May 3, 2017
Site: marketersmedia.com

A geophysical survey on Mitu, including 37 line-kilometers of natural source audio magneto tellurics ("NSAMT") conducted by the Company, indicates a very large 'banana' shaped anomaly running south of the initial discovery area on the western flank of the Solwezi Dome. This favourable contact zone along the western flank of the Solwezi Dome extends for over 17 kilometers on the Company's optioned properties. Midnight Sun is currently conducting air core drilling to confirm the presence of the ore-shale unit closest to surface as indicated by the NSAMT survey. To date, this shallow drilling (approximately 60 meters in depth) supports the NSAMT interpretation which indicates the ore-shale potentially continuing along the full 17 km contact zone. The goal of the diamond drilling is to test the dip extent of the ore-shale, which is estimated by the NSAMT survey to be 3 to 4 kilometers at a 20 degree angle from surface. NSAMT surveys are used extensively in the Zambia/Congo Copperbelt with known efficacy in identifying the blanket style deposition of ore-shale mineralization. Ore-shale mineralization is the dominant form of copper-cobalt deposition in the Zambia/Congo Copperbelt, the largest single copper-cobalt production area in the world. Mineralization is associated with shale units which form chemical and physical 'traps' for base metals at or near the contact between the Upper and Lower Roan units. The sedimentary nature of these ore-shale deposits lends themselves to the potential for both high grade as well as very large tonnage. Examples of this type of deposition in Zambia include the Sentinel mine, owned by First Quantum Minerals Ltd. ("First Quantum"), which has a measured and indicated resource of over one billion tonnes of copper1, and the Nkana copper-cobalt mine, jointly owned by Glencore International AG, First Quantum, and ZCCM Investment Holdings Plc, which has been in production since 1932 and still contains a measured and indicated resource of 211,300,000 tonnes of copper and cobalt.2 "We are at a transformative time for the Company" said Robert Sibthorpe, President "This drill program at the Mitu area should give us the big picture - whether Mitu has the strike and dip extent to potentially develop into a world-class deposit." While Mitu is the most advanced of the Company's Solwezi property targets, the earlier stage Dumbwa and 22 Zone areas remain highly prospective. 1 First Quantum website. Available at http://www.first-quantum.com/Our-Business/Development-Projects/Trident/Sentinel/Reserves-and-Resources/default.aspx 2Glencore Resources and Reserves as at 31 December 2016. Available at http://www.glencore.com/investors/reports-and-results/reserves-and-resources/ Qualified Person: Richard Mazur, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. Mr. Mazur is a Director of the Company and, as such, is not independent. Stock Option Expiration: 525,000 previously issued stock options at a strike price of $0.25 are set to expire on May 31, 2017. The Company expects these options will be exercised prior to expiration. ON BEHALF OF THE BOARD NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, changes in market conditions, unsuccessful exploration results, changes in commodity prices, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.


News Article | April 27, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - April 27, 2017) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced a comparative loss1 of $29 million ($0.04 per share1) and cash flows from continuing operating activities of $239 million ($0.35 per share1) for the three months ended March 31, 2017. The comparative loss was incurred as no tax credit has been recognized with respect to losses realized under the sales hedge program. Net loss from continuing operations attributable to shareholders of the Company1 amounted to $114 million ($0.17 per share) inclusive of losses under the sales hedge program and costs incurred for the early redemption of the 2019 and 2020 senior notes, for which no tax credit has been recognized. 1 Net earnings (loss) attributable to shareholders of the Company and Earnings before interest, tax, depreciation, amortization and impairment ("EBITDA") have been adjusted to exclude items which are not reflective of underlying performance to arrive at comparative earnings (loss) and comparative EBITDA. EBITDA, comparative earnings (loss), comparative earnings (loss) per share, comparative EBITDA and cash flows per share are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. The Company has disclosed these measures to assist with the understanding of results and to provide further financial information about the results to investors. Refer to the "Regulatory Disclosures" section in the MD&A for the quarter ended March 31, 2017 for further information. 2 On June 1, 2016 the sale of the Kevitsa mine was completed. In accordance with the requirements of IFRS 5 - Non-current assets Held for Sale and Discontinued Operations, the financial and operating information presented for 2016 exclude Kevitsa. 3 Production is presented on a copper contained basis, and is presented prior to processing through the Kansanshi smelter. "We are pleased with the strong start to 2017 as the momentum of last year was carried into the first quarter," commented Philip Pascall, Chairman and CEO. "Overall production and unit cost were good despite the rainy season in Zambia and the difficulties at Çayeli. The performances at the Kansanshi complex and the Las Cruces mine are particularly noteworthy. Additionally, the successful initiation and completion of the liability management initiative during the quarter greatly strengthened the Company's financial profile while making it more appropriate for our forthcoming substantial production capacity increase. Meanwhile, good development execution and subsequent further de-risking continue at the Cobre Panama project as it moves towards its planned phased commissioning in 2018 and ramp-up in 2019." "2017 is expected to be an important year for First Quantum with several key development milestones at Cobre Panama, the further ramp-up and transition of Sentinel and the continuation of our various process and margin improvement initiatives across the Company." 4 C1, AISC and C3 cost per pound are not recognized under IFRS. Refer to the "Regulatory Disclosures" section in the MD&A for the quarter ended March 31, 2017 for further information. Conference call and webcast details are as follows: Replay: Available from 11:00 am (EDT) on April 28 until 11:59 pm (EDT) on May 5, 2017 COMPLETE FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS The complete unaudited consolidated financial statements and Management's Discussion and Analysis for the three months ended March 31, 2017 are available at www.first-quantum.com and should be read in conjunction with this news release. On Behalf of the Board of Directors of First Quantum Minerals Ltd. For further information visit our website at www.first-quantum.com Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The forward-looking statements include estimates, forecasts and statements as to the Company's expectations of production and sales volumes, and expected timing of completion of project development at Cobre Panama and Enterprise and are subject to the impact of ore grades on future production, the potential of production disruptions, capital expenditure and mine production costs, the outcome of mine permitting, the outcome of legal proceedings which involve the Company, information with respect to the future price of copper, gold, nickel, zinc, pyrite, cobalt and sulphuric acid, estimated mineral reserves and mineral resources, First Quantum's exploration and development program, estimated future expenses, exploration and development capital requirements, the Company's hedging policy, and goals and strategies. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about continuing production at all operating facilities, the price of copper, gold, nickel, zinc, pyrite, cobalt and sulphuric acid, anticipated costs and expenditures and the ability to achieve the Company's goals. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to, future production volumes and costs, the temporary or permanent closure of uneconomic operations, costs for inputs such as oil, power and sulphur, political stability in Zambia, Peru, Mauritania, Finland, Spain, Turkey, Panama, Argentina and Australia, adverse weather conditions in Zambia, Finland, Spain, Turkey and Mauritania, labour disruptions, power supply, mechanical failures, water supply, procurement and delivery of parts and supplies to the operations, and the production of off-spec material. See the Company's Annual Information Form for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actual results, performances, achievements or events not to be anticipated, estimated or intended. Also, many of these factors are beyond First Quantum's control. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information made herein are qualified by this cautionary statement.


News Article | February 16, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 16, 2017) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) announced today that its Board of Directors has approved a final dividend of CDN$0.005 per share in respect of the financial year ended December 31, 2016. The dividend will be paid on May 8, 2017 to shareholders of record on April 17, 2017. The ex-dividend date is April 12, 2017. This, together with the interim dividend of CDN$0.005, makes a total of CDN$0.01 for the 2016 financial year. The Company has established a Dividend Reinvestment and Share Purchase Plan (the "Plan") for its Canadian resident shareholders ("Eligible Shareholders"). The Plan enables Eligible Shareholders to reinvest the cash dividends paid on all or a portion of their Common Shares into additional Common Shares, which will be issued at 97% of the Average Market Price (as defined in the Plan) and provides the opportunity to make optional cash purchases of additional Common Shares on a semi-annual basis, on dividend payment dates. To participate in the Plan, registered Eligible Shareholders must deliver a properly completed enrolment form to Computershare Trust Company of Canada ("Computershare") (in its capacity as "Plan Agent" under the Plan), as directed under the Plan, by no later than 4:00 p.m. Eastern time on the fifth business day immediately preceding a dividend record date in order for the cash dividend to which such record date relates to be reinvested under the Plan. Additional information on the Plan is available on www.investorcentre.com/first-quantum. The dividends paid are considered eligible dividends for Canadian tax purposes. On Behalf of the Board of Directors of First Quantum Minerals Ltd. For further information visit our website at www.first-quantum.com.


VANCOUVER, BC--(Marketwired - February 16, 2017) - Zincore Metals Inc. ( : ZNC.H) ("Zincore" or the "Company") reports that it has reached an agreement "(the "Agreement") with First Quantum Minerals Ltd. ("First Quantum") to terminate the Dolores copper porphyry project joint-venture. Under the terms of the Agreement, Zincore will regain 100% ownership of the Dolores Project, which is located in the prolific Yauri-Andahuaylas Copper District of southern Peru. As consideration for the US$8 million investment made by First Quantum in the Dolores Project and related areas, and in full repayment of the US$2 million convertible loan between the two companies, Zincore will grant First Quantum a 3.5% Net Smelter Returns Royalty (the "Royalty") on any future production that may occur at the Dolores Project. Zincore President and CEO, Jorge Benavides, stated "By reaching this agreement we will remove a significant liability from our books, in the form of the US$2 million loan. At the same time, we will regain 100% control of what we believe is a promising copper porphyry project located in an area of prolific copper project development." Under the terms of the Agreement and in consideration for granting the Royalty, the two companies have agreed that the US$2 million convertible loan, as originally detailed in Zincore news releases March 22, 2013 and April 17, 2013, owed by Zincore to First Quantum shall be paid in full, including any applicable interest. In addition, First Quantum will return the 50.1% ownership it holds in the Dolores Project to Zincore, giving Zincore 100% ownership of Dolores. In exchange, Zincore will grant First Quantum a 3.5% Net Smelter Returns Royalty on any future production that may occur at the Dolores Project. Zincore shall have the right to reduce the Royalty at any time by 1.5 percentage points to 2.0%, by paying First Quantum US$4 million. Specific terms of the Royalty agreement are to be negotiated over the next 90 days. About Zincore Zincore is a Vancouver-based mineral exploration company focused on zinc and related base metal opportunities in Peru. The Company's common shares trade on the NEX Board of the TSX Venture Exchange under the symbol ZNC.H. For more information, please see our website at www.zincoremetals.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.


News Article | February 16, 2017
Site: www.marketwired.com

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced comparative earnings1 of $27 million ($0.04 per share) and cash flows from continuing operating activities1 of $93 million ($0.14 per share1) for the three months ended December 31, 2016. For the full year 2016, comparative earnings amounted to $165 million ($0.24 per share) and cash flows from operating activities to $914 million ($1.33 per share). 1 Net earnings (loss) attributable to shareholders of the Company and Earnings before interest, tax, depreciation, amortization and impairment ("EBITDA") have been adjusted to exclude items which are not reflective of underlying performance to arrive at comparative earnings and comparative EBITDA. EBITDA, comparative earnings, comparative earnings per share, comparative EBITDA and cash flows per share are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. The Company has disclosed these measures to assist with the understanding of results and to provide further financial information about the results to investors. Refer to the "Regulatory Disclosures" section in the MD&A for the year ended December 31, 2016 for further information. Furthermore, performance and financial measures exclude the Kevitsa mine which was sold on June 1, 2016. 2 Total copper production includes production from Sentinel of 47,785 tonnes and 139,600 tonnes for the three and twelve months ended December 31, 2016, respectively (15,190 tonnes and 32,971 tonnes for three and twelve months ended December 31, 2015, respectively). Total copper sales include sales from Sentinel of 39,494 tonnes and 115,782 tonnes for the three and twelve months ended December 31, 2016, respectively (6,422 tonnes and 8,896 for three and twelve months ended December 31, 2015). The Company determined that commercial production at Sentinel commenced effective November 1, 2016; therefore, revenue and operating costs at Sentinel have been recorded for the period from November 1, 2016 to December 31, 2016 in the Statement of Earnings (loss). Consequently, production and sales from Sentinel prior to this period is excluded from earnings, C1, AISC & C3 cost metrics. Please see the "Sentinel" operation section in MD&A for the year ended December 31, 2016 for further information. 3 Production is presented on a copper contained basis, and is presented prior to processing through the Kansanshi smelter. 4 C1, AISC and C3 cost per pound are not recognized under IFRS. Refer to the "Regulatory Disclosures" section in the MD&A for the year ended December 31, 2016 for further information. "The fourth quarter capped off a strong year for First Quantum. Amid some of the most challenging and volatile market conditions, our employees remained focused and together our efforts produced the highest production and sales in the Company's history, a much reduced unit cost of production and importantly, a sound balance sheet with the financial flexibility to support our operating and growth plans. Additionally, the transition of Sentinel into commercial operations and the progress at the Cobre Panama project were important milestones," commented Philip Pascall, Chairman and CEO. "While the sentiment for our industry has improved markedly, we will carry on expecting volatility and will continue to conduct our activities accordingly. We think Cobre Panama will start production at an opportune time. It is our belief that copper has very compelling fundamentals and that this will become more broadly apparent sooner than previously anticipated." COMPLETE FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS The complete audited consolidated financial statements and Management's Discussion and Analysis for the year ended December 31, 2016 are available at www.first-quantum.com and should be read in conjunction with this news release. On Behalf of the Board of Directors of First Quantum Minerals Ltd. For further information visit our website at www.first-quantum.com. Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The forward-looking statements include estimates, forecasts and statements as to the Company's expectations of production and sales volumes and expected timing of completion of project development at Enterprise and Cobre Panama and are subject to the impact of ore grades on future production, the potential of production disruptions, capital expenditure and mine production costs, the outcome of mine permitting, the outcome of legal proceedings which involve the Company, information with respect to the future price of copper, gold, cobalt, nickel, zinc, pyrite and sulphuric acid, estimated mineral reserves and mineral resources, First Quantum's exploration and development program, estimated future expenses, exploration and development capital requirements, the Company's hedging policy, and goals and strategies. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about continuing production at all operating facilities, the price of copper, gold, nickel, zinc, pyrite, cobalt and sulphuric acid, anticipated costs and expenditures and the ability to achieve the Company's goals. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to, future production volumes and costs, the temporary or permanent closure of uneconomic operations, costs for inputs such as oil, power and sulphur, political stability in Zambia, Peru, Mauritania, Finland, Spain, Turkey, Panama, Argentina and Australia, adverse weather conditions in Zambia, Finland, Spain, Turkey and Mauritania, labour disruptions, power supply, mechanical failures, water supply, procurement and delivery of parts and supplies to the operations, and the production of off-spec material. See the Company's Annual Information Form for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actual results, performances, achievements or events not to be anticipated, estimated or intended. Also, many of these factors are beyond First Quantum's control. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information made herein are qualified by this cautionary statement.


News Article | March 2, 2017
Site: www.marketwired.com

LONGUEUIL, QUEBEC--(Marketwired - March 2, 2017) - Highland Copper Company Inc. (TSX VENTURE:HI) (the "Company") announces that Copper Range Company ("CRC"), a wholly-owned subsidiary of First Quantum Minerals Ltd., and the Company have agreed to extend the period to complete the acquisition of the White Pine project to June 30, 2017. The final closing of the acquisition is subject to releasing CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site in a manner that is acceptable to all parties involved, including applicable governmental authorities, and replacing the related environmental bond posted by CRC. The Company also announces that it has launched a new and completely redesigned website which can be seen at www.highlandcopper.com. Highland Copper Company Inc. is a Canadian exploration company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. More information about the Company is available on the Company's website at www.highlandcopper.com and on SEDAR at www.sedar.com. This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. These forward-looking statements involve certain risks and uncertainties, including, without limitation, being unable to meet the final closing conditions of the acquisition of the White Pine Project on terms acceptable to the Company, CRC and the Michigan Department of Environmental Quality for the transfer of environmental obligations, All forward looking statements in this press release are based on information available to the Company as of the date hereof, and the Company undertakes no obligation to update forward-looking statements except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Loading First Quantum Minerals Ltd. collaborators
Loading First Quantum Minerals Ltd. collaborators