Seeking Alpha

First Quantum expects to spend $6.4B on Cobre Panama project

  • First Quantum Minerals (FQVLF) says it expects to incur $6.4B in development costs for its Cobre Panama copper project in Central America, unveiling its revised capital cost estimate for its key project after a month's delay.
  • The figure is ~3% higher than estimates released before First Quantum took over the project last year.
  • Production is now pegged at ~320K metric tons/year of copper, up ~20% from original plans, and completion is now seen in H2 2017 instead of H1 2016.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs