| First Quantum Minerals Files Amended NI 43-101 Technical Report for Its Cobre Panama Project | |
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TORONTO, ONTARIO--(Marketwired - Jul 22, 2015) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (FM.TO)(FQM.L) reports that it has today filed on SEDAR an amended National Instrument 43-101 ("NI 43-101") Technical Report for its Cobre Panama project. The amendments are to correct inconsistencies in the Cobre Panama NI 43-101 Technical Report dated June 30, 2015 filed on SEDAR on July 16, 2015 regarding the capital cost of the project which implied that the pre-acquisition and pre-mining costs of the project were in addition to the total estimated capital cost of $6.4 billion. Since that is not the case, the following changes were made in the amended Technical Report to remove the inconsistencies: - Page 21
- 1-11 Capital and operating cost estimates - sentence re-worded to remove inconsistency.
- Table 1- 5 Development capital cost provisions - 3rd column amended to show capital incurred post-acquisition costs to 30/12/2014.
- Page 196
- 21.1.1 Project development capital - clarifying sentence added.
- Table 21-1 Development capital cost provisions - 3rd column amended to show capital incurred post-acquisition costs to 30/12/2014.
- Page 206
- 22.3 - Cashflow model - clarifying sentence added.
- Page 207
- Table 22-1 Mineral Reserves undiscounted cashflow model summary - 3rd and 4th columns for Operating Costs have been amended to remove reference to mining expenditures prior to 2017.
- Page 208
- Table 22-2 Undiscounted cashflow model sensitivity analysis - amended with corrected cash flow.
On Behalf of the Board of Directors of First Quantum Minerals Ltd. G. Clive Newall, President 12g3-2b-82-4461 Listed in Standard and Poor's
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : FM.TO |
ISIN : CA3359341052 |
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First Quantum is a copper producing company based in Canada. First Quantum produces copper, cobalt and gold in Congo Dem. Rep. of, in Mauritania and in Zambia, develops cobalt, copper and nickel in Congo Dem. Rep. of and in Zambia, and holds various exploration projects in Peru. Its main assets in production are BWANA MKUBWA, KANSANSHI and MOPANI in Zambia, FRONTIER and KOLWEZI in Congo Dem. Rep. of and GUELB MOGHREIN in Mauritania, its main assets in development are KALUMBILA in Zambia and KOLWESI MUSONOI in Congo Dem. Rep. of and its main exploration properties are KEVITSA and KEVISTA in Finland, KIPUSHI in Congo Dem. Rep. of and HAQUIRA EAST and CRISTO DE LOS ANDES in Peru. First Quantum is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is 868.7 millions as of today (US$ 631.2 millions, € 577.1 millions). Its stock quote reached its lowest recent point on November 02, 2001 at 0.38, and its highest recent level on October 11, 2024 at 18.31. First Quantum has 47 442 200 shares outstanding. |