FQM Shelves Plan to Sell Zambian Copper Stakes After $1B Gold-Streaming Deal
First Quantum Minerals Retains Zambian Copper Assets Following $1 Billion Gold-Streaming Transaction First Quantum Minerals Ltd. has abandoned plans to sell minority stakes in its Zambian copper mines after a $1 billion gold-streaming deal alleviated balance sheet pressures. Earlier this year, the company had considered divesting minority interests in its Kansanshi and Sentinel operations in Zambia, following the forced closure of its flagship Cobre Panama mine in late 2023. Chief Executive Officer Tristan Pascall said the recent agreement to sell part of Kansanshi’s gold output to Royal Gold Inc. has…
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