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The latest update is out from First Quantum Minerals ( (TSE:FM) ).
First Quantum Minerals Ltd. has announced the successful pricing and upsizing of its senior notes offering, increasing the total from $750 million to $1,000 million with an 8.000% interest rate. The proceeds will be used to repay part of its revolving credit facility, fund a tender offer for existing senior notes, and cover related transaction costs, reflecting strategic financial management to optimize its capital structure.
More about First Quantum Minerals
First Quantum Minerals Ltd. is a mining and metals company primarily involved in the production of copper and other minerals. The company is focused on operating mines and developing projects in Canada and internationally, with a significant emphasis on efficient and sustainable mining practices.
YTD Price Performance: 3.12%
Average Trading Volume: 218,233
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $11.43B
For a thorough assessment of FM stock, go to TipRanks’ Stock Analysis page.
