Last C$22.79 CAD
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first quantum minerals ltd (FM) Snapshot

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07/30/14 - C$27.29
52 Week Low
11/27/13 - C$16.43
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first quantum minerals ltd (FM) Details

First Quantum Minerals Ltd. is engaged in mineral exploration, mine engineering and construction, development, and mining activities. It produces copper, nickel, gold, zinc, and platinum group metals. The company is involved in seven mines and developing five projects. Its operations and development projects are located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, Serbia, and Peru. The company was formerly known as First Quantum Ventures Ltd. and changed its name to First Quantum Minerals Ltd. in July 1996. First Quantum Minerals Ltd. was founded in 1983 and is headquartered in Vancouver, Canada.

Founded in 1983

first quantum minerals ltd (FM) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.1M
President and Executive Director
Total Annual Compensation: $593.5K
Chief Financial Officer
Total Annual Compensation: $542.5K
General Counsel and Corporate Secretary
Total Annual Compensation: $401.2K
Executive Director of Business Development, E...
Total Annual Compensation: $757.0K
Compensation as of Fiscal Year 2013.

first quantum minerals ltd (FM) Key Developments

First Quantum Minerals Ltd. Presents at Africa Down Under Conference, Sep-03-2014 09:05 AM

First Quantum Minerals Ltd. Presents at Africa Down Under Conference, Sep-03-2014 09:05 AM. Venue: Pan Pacific Perth & Novotel Perth Langley, Perth, Western Australia, Australia. Speakers: Philip K. R. Pascall, Executive Chairman and Chief Executive Officer, Zenon Wozniak, Director Projects.

Mirasol Resources Ltd. Signs Definitive Option and Joint Venture Agreement with First Quantum Minerals Ltd

Mirasol Resources Ltd. announced that on the August 14, 2014 it signed the definitive option and joint venture agreement with its partner, First Quantum Minerals Ltd. for the exploration and development of its 100%- owned, 13,659 hectare Rubi Property, located in the El Salvador copper-gold mining district of Region III, northern Chile. The Definitive Agreement requires First Quantum to make an exploration expenditure commitment of at least USD 1.5 million by the first year anniversary of the signing of this agreement, with a minimum exploration commitment which includes a project-wide magnetic geophysical survey and 3,000 m of core drilling on the Rubi Property. The Definitive Agreement provides for First Quantum to earn a 55% interest in the Rubi Property upon completion of a USD 6.5 million investment in exploration over four years from the date of signing the Definitive Agreement including at least USD 1.0 million in annual staged cash payments following the first year. After the initial earn-in, First Quantum's participating interest may be increased to 65% on completing, within an additional two years, a NI 43-101 compliant technical report, including an indicated resource estimate and Preliminary Economic Assessment (PEA) of more than 1.0 million tonnes of contained Cu metal, using a 0.20% cut-off grade.

Kiska Metals Corporation Enters into Binding Letter Agreement with First Quantum Minerals Ltd on Copper Joe Project and Mobilizes Drill Program

Kiska Metals Corporation announced that it has entered into a binding letter agreement with First Quantum Minerals Ltd. Pursuant to the letter agreement, First Quantum was granted an exclusive right, without obligation, to enter into a formal option agreement pursuant to which First Quantum would be granted an option to earn up to an 80% interest in the Copper Joe Project located in Alaska. Kiska holds an exclusive right to acquire a 100% interest in the mining claims that comprise the Copper Joe Project from Kennecott Exploration Company pursuant to an option agreement which was amended to, among other things, permit the transfer of rights or interests of Kiska under the Copper Joe Agreement to First Quantum. Pursuant to the letter agreement, First Quantum acquired a right to enter into a formal option to joint venture agreement by providing notice to Kiska by March 31, 2015. First Quantum will fund and Kiska will operate an initial 1,500 metre drill program commencing in early September 2014 to test geochemical and geophysical targets on the Copper Joe Project. Kiska will receive an initial cash payment of USD 10,000 and annual cash payments of USD 50,000 beginning on the first anniversary of the letter agreement. The option to joint venture agreement will provide that First Quantum can earn an initial 51% interest in the Copper Joe Project by funding expenditures of USD 5,000,000 by December 31, 2017, with Kiska retaining a 49% carried interest. First Quantum's interest will increase by a further 29% (80% total) when a decision to mine is made. Upon the decision to mine, First Quantum has the right to require Kiska to sell its remaining interest (20%) to First Quantum, and Kiska has the right to require First Quantum to purchase its interest in the joint venture, for a predetermined amount. First Quantum will deliver to Kennecott cash payments of USD 10,000,000 upon the completion of a pre-feasibility study, and USD 5,000,000 upon the announcement of a decision to mine. In addition to the Milestone Payments, Kennecott will retain a royalty on the Copper Joe Project.


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