Dear Pat: Thanks for your ongoing financial help and advice. What are your thoughts on First Quantum Minerals? How do you compare it to Teck Resources as an investment? Thanks.
First Quantum Minerals, $50.16, symbol FM on Toronto (Shares outstanding: 78.2 million; Market cap: $3.9 billion), is a mining-and-metals company that is listed in Toronto and London. First Quantum owns mines in Zambia, Mauritania, Finland and the Democratic Republic of Congo. Around 85% of its revenue comes from copper sales, with the remainder from gold.
First Quantum’s Zambian assets include the 80%-owned Kansanshi open-pit copper/gold mine, the 100%-owned Fishtie copper project and the 100%-owned Bwana Mkubwa extraction and sulphuric-acid plants. First Quantum also holds a 16.9% interest in Mopani Copper Mines, operator of the Nkana underground copper mine and cobalt refinery and the Mufulira underground copper mine, smelter and copper refinery. As well, First Quantum owns a 16.32% stake in Equinox Minerals Ltd. (symbol EQN on Toronto), which operates the Lumwana copper mine.
In the Democratic Republic of Congo, First Quantum operates the 95%-owned open-pit Frontier copper mine, and is developing the 65%-owned Kolwezi copper-cobalt tailings project. In Mauritania, First Quantum…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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