Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…
First Quantum Minerals Ltd
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Strong gold price pushes producers higher
The Toronto Stock Exchange’s composite index climbed a healthy 78.32 points over the June 11-17 report period to finish at 7,121.02.Gold firmed up US$7.10 in overseas trading to plant itself at US$361…
First Quantum profitable (June 09, 2003)
An expansion program and higher head grades enabled First Quantum Minerals (FM-T) to pump out twice as much copper cathode in the recent first quarter as a year earlier.The mid-tier producer mines the…
First Quantum, BHP ink Copperbelt JV
Preliminary results have prompted BHP Billiton (BHP-N) to sign a joint-venture agreement with First Quantum Minerals (FM-T) to continue exploring the Zambian Copperbelt.The deal, essentially an extens…
First Quantum raises funds (March 31, 2003)
First Quantum Minerals (FM-T) has inked a financing deal with a private equity fund to raise up to US$35 million.Subject to the usual conditions, AIG African Infrastructure Fund will purchase 4 millio…
First Quantum trims its losses
A reduction of its interest in a money-losing subsidiary enabled First Quantum Minerals (FM-T) to trim its losses in 2002.For the 13 months ended Dec. 31, the copper miner recorded a loss of US$3.8 mi…
Iamgold execs cash in options
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aurizon Mines (ARZ-T) — Ian Walton, director, sold 10,000 shares at $1.32 apiece to hold 764,…
First Quantum expands Lonshi resource (January 27, 2003)
An independent resource estimate has added 21% more copper to the Lonshi copper oxide mine in the Democratic Republic of Congo.First Quantum Minerals (FM-T) says the increase reflects a 300-metre exte…
First Quantum raises funds (December 16, 2002)
First Quantum Minerals (FM-T) will issue 5.5 million special warrants to raise nearly $18 million in an attempt to finance work at its assets in Zambia.The warrants are fixed at $3.25 apiece and entit…
Gold shines as Iraqi stalemate continues
Profit-takers outnumbered investors over the Dec. 4-11 report period, causing the Toronto Stock Exchange composite index to lose 43.41 points. The index finished the week at 6,597.20.Gold, buoyed by n…
First Quantum expands Bwana Mkubwa (October 07, 2002)
Vancouver-based First Quantum Minerals (FM-T) has expanded its Bwana Mkubwa solvent extraction-electrowinning (SX-EW) copper plant in central Zambia.Commissioning of the additional leach, filtration a…