TSX:FMMetals and Mining
First Quantum Minerals (TSX:FM) Profit Rebound Meets Panama And Debt Friction
First Quantum Minerals came into this print with the stock up roughly 14% over the past three months and trading at about CA$37.97 by the close on 29 July. Expectations were pinned on whether the company could turn improving copper fundamentals into cleaner financials. The headline this quarter is simple. Revenue reached about US$1.5b and the company swung from a loss in Q1 to a profit of US$136m in Q2. That earnings reset now sits against a still heavy net debt load and will frame how...