TSX:FMMetals and Mining
First Quantum Çayeli Sale Refocuses Portfolio And Highlights Valuation Gap
First Quantum Minerals (TSX:FM) has entered a binding agreement to sell its Çayeli copper and zinc mine in Türkiye to Cengiz Holding.
The transaction is part of a broader refocus of the company’s asset portfolio and is expected to provide significant cash proceeds.
The deal marks a shift in First Quantum’s operational footprint, with Çayeli moving to a local Turkish mining group.
First Quantum Minerals, trading at CA$32.43, has seen mixed recent share performance, with a 1.5% decline over...