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Posts tagged #FirstQuantum

Profit Trading USA

@profittradingusa.bsky.social

7 months ago

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Canada’s First Quantum strikes $1 billion gold streaming deal with Royal Gold (Reuters) -Canadian miner First Quantum Minerals (OTC:FQVLF) signed a $1 billion gold streaming agreement with a subsidiary of its peer Royal Gold (NASDAQ:RGLD), the two companies said in a statement on Tuesday. Gold streaming is a financing mechanism in which a buyer makes an upfront payment to a miner in exchange for purchasing future production from the miner, usually at a predetermined price. Under the deal, First Quantum will receive $1 billion upfront from Royal Gold AG in exchange for gold deliveries referenced to copper production from First Quantum’s Kansanshi mine in Zambia. The agreement is expected to close on Wednesday. First Quantum will initially receive 20% of the spot gold price for each ounce delivered, rising to 35% if certain credit or leverage targets are met. Royal Gold said the agreement gives it immediate cash flow from a long-life, large-scale asset. The company expects to receive about 12,500 ounces of gold from the stream this year and an average of 35,000 to 40,000 ounces annually over the next ten years.

Click Subscribe #Canada #FirstQuantum #GoldMining #RoyalGold #GoldStreaming

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Painel Político

@painelpolitico.substack.com

8 months ago

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Panamá em convulsão: protestos, repressão e crise social marcam 2025 Greves e bloqueios de vias expõem tensões contra a reforma da previdência, mineração e influência externa no Canal do Panamá

Panamá em convulsão: protestos, repressão e crise social marcam 2025 - open.substack.com/pub/painelpo... #Panamá #ProtestosPanamá #ReformaPrevidência #JoséRaúlMulino #BocasDelToro #DireitosHumanos #CriseEconômica #CanalDoPanamá #FirstQuantum #DonaldTrump #PainelPolitico

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Profit Trading USA

@profittradingusa.bsky.social

11 months ago

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First Quantum halts public tours of closed Panama copper mine PANAMA CITY (Reuters) -First Quantum Minerals said on Thursday it would suspend public tours of its shuttered copper mine in Panama after the country’s president said the Canadian miner should not give the impression that the site is operational. In a regular press conference earlier on Thursday, President Jose Raul Mulino said there had been no discussion with the company or further progress on resolving the issue of the mine. The government ordered its closure in late 2023 following public protests over environmental concerns. "I don’t want them to give the impression that the mine is operating," he said. First Quantum’s local unit, Cobre Panama, responded several hours later in a social media post. "We have heard the statements from the National Government and have decided to suspend the public visit program to the mine," the post said. When asked at the press conference if he would sign a new contract with First Quantum in Panama, Mulino said that possibility could be looked at down the line. "Everything will be studied, but right now we don’t have anyone to study it with," he said. "We hope to cross that bridge when we come to it." He noted that First Quantum must suspend its arbitration over the mine before the two sides can negotiate next steps, including the export of 120,000 metric tons of copper concentrate left at the site.

Click Subscribe #FirstQuantum #Panama #CopperMine #MiningNews #Sustainability

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@timglowa.bsky.social

2 years ago

First Quantum's $20B loss in market cap in Panama highlights a crucial lesson: Profit and ESG are partners, not rivals, in the dance of sustainable business success. linkedin.com/pulse/corpor... #FirstQuantum #ESGIntegration #CorporateResponsibility #ESG #Governance #Boards #SmartESG

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