First Quantum Minerals (TSE:FM) has released an update.
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First Quantum Minerals reported an impressive financial performance in the third quarter of 2024, with net earnings of $108 million and a significant rise in copper and gold sales driving improved results. The company continues to manage challenges such as power restrictions in Zambia and is making progress in its S3 Expansion project while maintaining a strong balance sheet. Additionally, First Quantum has strengthened its financial position with new derivative contracts and a $425 million loan facility.
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