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News Article | November 10, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Nov. 9, 2016) - First Quantum Minerals Ltd. ("First Quantum" or the "Company")(TSX:FM) has today provided an update on the Notice of Arbitration the Company's subsidiary Kansanshi Holdings Ltd. received on October 27, 2016 from ZCCM International Holdings PLC ("ZCCM") under the Kansanshi Mining PLC("KMP") Shareholders Agreement. ZCCM is a 20% shareholder in KMP and filed the Notice of Arbitration against KMP and Kansanshi Holdings Limited, the 80% shareholder in KMP. On October 28, 2016, KMP also received a Statement of Claim filed in the High Court for Zambia naming additional defendants, including First Quantum, its subsidiary FQM Finance Ltd., and a number of directors and an executive of the named corporate defendants. This dispute arises out of the rate of interest paid on deposits made by KMP with the Company's financing entity, FQM Finance Ltd. ("FQM Finance"). The funds on deposits were retained for planned investment by KMP in Zambia. FQM Finance paid interest on the deposits to KMP based on an assessment of an arms-length fair market rate, which is supported by independent third party analysis. ZCCM disputes that interest rate paid to KMP on the deposits was sufficient. Unfortunately ZCCM has taken the extra-ordinary additional step of commencing a further action in the High Court for Zambia, making allegations repeated from the Notice of Claim against certain First Quantum directors and an executive that are inflammatory, vexatious and untrue. Having carefully studied the claims made in both the Notice of Arbitration and Statement of Claim, First Quantum is firmly of the view that the claims are utterly without merit, or indeed any foundation in facts. It is notable that the KMP deposits were fully repaid to KMP and were then used to fund a major investment program in Zambia, including the successful construction and commissioning of the Kansanshi smelter and expansion of the processing plant and mining operations. In fact, KMP is now indebted to FQM Finance for the funding of further investment in Zambia. The Company is currently engaged in constructive discussions with representatives of the Zambian Government, which holds a 92% direct and indirect majority shareholding in ZCCM, with a view to achieving an amicable resolution. We do not believe it is appropriate to comment further on the arbitration or court proceedings while they run their proper course, but we will provide further information as and when required. 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 | October 28, 2016
Site: www.marketwired.com

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced comparative earnings(1) of $37 million ($0.05 per share) and cash flows from continuing operating activities(1) of $263 million ($0.38 per share(1)) for the three months ended September 30, 2016. "We are pleased with the results of the quarter. Generally excellent operational performance, augmented by our sales hedging programs, continues to deliver solid results. Hence, the Company's strong financial position is being maintained. Meanwhile, we are making progress with the project financing for Cobre Panama," commented Philip Pascall, Chairman and CEO. "With this financial background, we are making great progress with the development of the Cobre Panama project. Its additional copper production capacity will be valuable and timely. Being able to develop Cobre Panama now, is consistent with First Quantum's long-held strategy to add capacity during periods of low metal prices, and thus to benefit fully when metal markets improve." The Company will host a conference call and webcast to discuss the results on Friday October 28, 2016. The conference call replay will be available from noon (EDT) until 11:59 pm (EDT) on November 4, 2016. COMPLETE FINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION AND ANALYSIS The complete unaudited consolidated financial statements and Management's Discussion and Analysis for the quarter ended September 30, 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. These forward-looking statements are principally included in the Development activities section of the Management's Discussion and Analysis for the quarter ended September 30, 2016 and are also disclosed in other sections of the document. The forward-looking statements include estimates, forecasts and statements as to the Company's expectations of production and sales volumes, commissioning and reaching commercial production at Sentinel 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 | 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.


LONDON, UK / ACCESSWIRE / November 8, 2016 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Metals & Mining industry. Companies recently under review include Yamana Gold, First Quantum Minerals, Kinross Gold, and Barrick Gold. Get all of our free research reports by signing up at: http://www.activewallst.com/register/. At the closing bell on Monday, November 07, 2016, the Toronto Exchange Composite index edged 0.99% higher to finish the trading session at 14,652.45 on a total volume of 311,134,038 shares exchanging hands for the day. Active Wall St. has initiated research reports on the following equities: Yamana Gold Inc. (TSX: YRI), First Quantum Minerals Ltd. (TSX: FM), Kinross Gold Corporation (TSX: K), and Barrick Gold Corporation (TSX: ABX). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/. Toronto, Canada-based Yamana Gold Inc.'s stock fell 3.23%, to finish Monday's session at $4.79 with a total volume of 5.33 million shares traded. Over the last one month, Yamana Gold's shares have declined 0.62%. However, the stock has rallied 95.51% in the past one year. Shares of the Company, which engages in the exploration and development of precious metal properties in Brazil, Argentina, Chile, Mexico, and Canada, are trading below its 50-day and 200-day moving averages. Yamana Gold's 200-day moving average of $6.16 is above its 50-day moving average of $5.22. See our research report on YRI.TO at: http://www.activewallst.com/registration-3/?symbol=YRI. Vancouver, Canada-based First Quantum Minerals Ltd.'s stock advanced 4.13%, to close the day at $12.60. The stock recorded a trading volume of 4.02 million shares, which was above its three months average volume of 3.93 million shares. First Quantum Minerals' shares have gained 17.98% in the last one month and 5.70% in the past three months. Furthermore, the stock has rallied 89.47% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $11.20 is greater than its 200-day moving average of $10.23. Shares of the Company, which engages in the exploration, development, and production of mineral properties, are trading at a PE ratio of 182.61. The complimentary research report on FM.TO at: http://www.activewallst.com/registration-3/?symbol=FM. On Monday, shares in Toronto, Canada headquartered Kinross Gold Corp. ended the session 4.00% lower at $5.28 with a total volume of 5.54 million shares traded. Kinross Gold's shares have has gained 10.92% in the previous one month and 119.09% in the past one year. Shares of the company, which together with its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties, are trading above its 50-day moving average. Furthermore, the stock's 200-day moving average of $6.10 is greater than its 50-day moving average of $5.21. Register for free and access the latest research report on K.TO at: http://www.activewallst.com/registration-3/?symbol=K. On Monday, shares in Toronto, Canada headquartered Barrick Gold Corp. recorded a trading volume of 3.20 million shares. The stock ended the day 5.27% lower at $23.21. Barrick Gold's stock has surged 12.94% in the last one month and 137.56% in the previous one year. Shares of the Company, which engages in the exploration and development of mineral properties in the US, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia, are trading above its 50-day moving average. The stock's 200-day moving average of $24.53 is above its 50-day moving average of $22.60. Get free access to your research report on ABX.TO at: http://www.activewallst.com/registration-3/?symbol=ABX. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / November 8, 2016 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Metals & Mining industry. Companies recently under review include Yamana Gold, First Quantum Minerals, Kinross Gold, and Barrick Gold. Get all of our free research reports by signing up at: http://www.activewallst.com/register/. At the closing bell on Monday, November 07, 2016, the Toronto Exchange Composite index edged 0.99% higher to finish the trading session at 14,652.45 on a total volume of 311,134,038 shares exchanging hands for the day. Active Wall St. has initiated research reports on the following equities: Yamana Gold Inc. (TSX: YRI), First Quantum Minerals Ltd. (TSX: FM), Kinross Gold Corporation (TSX: K), and Barrick Gold Corporation (TSX: ABX). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/. Toronto, Canada-based Yamana Gold Inc.'s stock fell 3.23%, to finish Monday's session at $4.79 with a total volume of 5.33 million shares traded. Over the last one month, Yamana Gold's shares have declined 0.62%. However, the stock has rallied 95.51% in the past one year. Shares of the Company, which engages in the exploration and development of precious metal properties in Brazil, Argentina, Chile, Mexico, and Canada, are trading below its 50-day and 200-day moving averages. Yamana Gold's 200-day moving average of $6.16 is above its 50-day moving average of $5.22. See our research report on YRI.TO at: http://www.activewallst.com/registration-3/?symbol=YRI. Vancouver, Canada-based First Quantum Minerals Ltd.'s stock advanced 4.13%, to close the day at $12.60. The stock recorded a trading volume of 4.02 million shares, which was above its three months average volume of 3.93 million shares. First Quantum Minerals' shares have gained 17.98% in the last one month and 5.70% in the past three months. Furthermore, the stock has rallied 89.47% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $11.20 is greater than its 200-day moving average of $10.23. Shares of the Company, which engages in the exploration, development, and production of mineral properties, are trading at a PE ratio of 182.61. The complimentary research report on FM.TO at: http://www.activewallst.com/registration-3/?symbol=FM. On Monday, shares in Toronto, Canada headquartered Kinross Gold Corp. ended the session 4.00% lower at $5.28 with a total volume of 5.54 million shares traded. Kinross Gold's shares have has gained 10.92% in the previous one month and 119.09% in the past one year. Shares of the company, which together with its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties, are trading above its 50-day moving average. Furthermore, the stock's 200-day moving average of $6.10 is greater than its 50-day moving average of $5.21. Register for free and access the latest research report on K.TO at: http://www.activewallst.com/registration-3/?symbol=K. On Monday, shares in Toronto, Canada headquartered Barrick Gold Corp. recorded a trading volume of 3.20 million shares. The stock ended the day 5.27% lower at $23.21. Barrick Gold's stock has surged 12.94% in the last one month and 137.56% in the previous one year. Shares of the Company, which engages in the exploration and development of mineral properties in the US, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia, are trading above its 50-day moving average. The stock's 200-day moving average of $24.53 is above its 50-day moving average of $22.60. Get free access to your research report on ABX.TO at: http://www.activewallst.com/registration-3/?symbol=ABX. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


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.


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.


Yilmaz E.,University of Québec | Yilmaz E.,First Quantum Minerals Ltd. | Belem T.,University of Québec | Benzaazoua M.,University of Québec
Engineering Geology | Year: 2014

Cemented paste backfill (CPB) is an emerging mine-backfill technique that allows environmentally hazardous tailings returning back to the underground openings or stopes, thereby maximizing the safety, efficiency and productivity of process/operation. CPB provides efficient ground support for mine structures and permits a fully excavation and extraction of ore bodies. It also decreases surface tailings storage requirements and thus, rehabilitation/reclamation costs after closure. This paper investigates the effects of curing and stress conditions on hydromechanical, geotechnical and geochemical properties of CPB. In this respect, a new laboratory apparatus (CUAPS: curing under applied pressure system) was used to mimic the in-situ CPB conditions to compare the performance of consolidated backfills with unconsolidated conventional moulds (i.e. undrained or drained). The results have shown that for a given backfill recipe, CUAPS-consolidated samples always present better strengths than those obtained from mould-unconsolidated samples i.e. the underestimation of backfill strength. A full evolution of geotechnical and geochemical properties of CPB was compared at three binder contents (3, 4.5 and 7. wt.%) and curing times (7, 14 and 28. days). The application of stress during curing was found to contribute positively to the CPB hardening process and hence, the strength and geotechnical properties as a result of the removal of water and binder hydration. Consequently, CUAPS-consolidated samples can be agreeably used to better assess in situ CPB behavior and to achieve an ideal CPB recipe in terms of safety and economy. © 2013 Elsevier B.V.


Yilmaz E.,University of Québec | Yilmaz E.,First Quantum Minerals Ltd. | Belem T.,University of Québec | Benzaazoua M.,University of Québec
Engineering Geology | Year: 2015

This paper investigates the specimen size effect on the strength properties of cemented paste backfill through unconfined compressive strength tests. Paste backfill samples were cast in different size molds (D×. H: 10. ×. 20. cm, 7.5. ×. 15. cm, and 5. ×. 10. cm) and subjected to the four placement conditions: capped-drained C-D; uncapped-drained U-D; capped-undrained C-U; and uncapped-undrained U-U. The unconsolidated samples were also compared with consolidated backfills. Results show that the highest strengths were obtained from the C-D samples cast in the mold 5. ×. 10. cm, followed by the U-D, C-U and U-U samples. This could be explained by the removal of excess water within paste backfill, the decreased number of micro-cracks in grains, and the wall effects. With the drainage of excess water, particles are pulled together under capillary forces, resulting in an increase of stiffness, accelerating binder hydration and thus, producing higher strengths. Further, specimen size effect on water content, void ratio, mercury intrusion porosity, and degree of saturation of cemented paste backfill were presented. Some scale effect relationships were finally expressed and discussed. © 2014 Elsevier B.V.


Yilmaz E.,University of Québec | Yilmaz E.,First Quantum Minerals Ltd. | Belem T.,University of Québec | Bussiere B.,University of Québec | And 2 more authors.
Construction and Building Materials | Year: 2015

The one-dimensional consolidation properties of early age cemented paste backfill (CPB) are useful for the estimation of design parameters for underground stope filling purpose as well as for numerical modelling purposes. Many studies have investigated the consolidation characteristics of mine tailings, but not in CPBs, mainly because consolidation was not initially considered as an essential property and the available testing equipment was not suitable. In this paper, the curing time effect of different types of binder and their content on the one-dimensional consolidation characteristics of CPB samples was investigated using an improved lab apparatus called CUAPS (curing under applied pressure system). As the drainage ability and the saturated hydraulic conductivity ksat are closely linked with consolidation, the change in the ksat at the end of the consolidation process was also investigated for tailings (control) and CPB materials. Results indicate that adding binder to the mixtures considerably affects the void ratio and increases compression resistance. The excess pore water pressure indicates that binder reduces the peak value reached for all pressure increments while the ksat decreases with time. Some empirical equations to estimate the one-dimensional consolidation characteristics of CPB samples are finally proposed and discussed. © 2014 Elsevier Ltd. All rights reserved.


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.

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