First Quantum Minerals Q2 Loss Despite Production Gains

First Quantum Minerals (TSE:FM) has released an update.

First Quantum Minerals Ltd. reported a second quarter net loss of $46 million, with an adjusted loss of $0.02 per share, despite higher copper and gold prices improving financial results from the first quarter. Solid quarters at Zambia’s Kansanshi and Sentinel, along with the commercial production start at Enterprise, are expected to bolster the company’s performance for the rest of the year. Additionally, a Shareholder Rights Agreement with Jiangxi Copper was established to formalize their ongoing partnership.

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