Previous close | 11.35 |
Open | 10.89 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 10.89 - 11.68 |
52-week range | 6.92 - 29.79 |
Volume | |
Avg. volume | 215,027 |
Market cap | 9.594B |
Beta (5Y monthly) | 2.01 |
PE ratio (TTM) | N/A |
EPS (TTM) | -1.38 |
Earnings date | 24 Apr 2024 |
Forward dividend & yield | 0.16 (1.59%) |
Ex-dividend date | 25 Aug 2023 |
1y target est | 13.23 |
Canadian miner First Quantum Minerals believes it will be able to take the already mined copper out of its disputed Cobre Panama mine in Panama after the national elections there in May, the company's chief executive said on Wednesday. Panama's current government ordered the closure of the copper mine last year after public protests over environmental damage from mining in the country. Cobre Panama is one of the biggest copper mines in the world and accounted for 40% of First Quantum's revenue last year.
Canadian miner First Quantum Minerals said on Wednesday the likelihood of taking out the 121,000 tonnes of copper from its disputed Cobre Panama mine can only happen after the Panama national election. First Quantum's Cobre Panama is under preservation and safe maintenance after the current Panama government ordered the closure of the copper mine last year. Panama goes to polls in May this year.
The electric vehicle, Artificial Intelligence, power infrastructure and automation boom will drive at least 10 million metric tons of additional copper demand by 2035