First Quantum Minerals Reports Third Quarter 2018 Results

First Quantum Minerals (TSX:FM) has reported comparative earnings of US$128 million, net earnings attributable to shareholders of the company of US$61 million (US$0.09 per share) and cash flows from operating activities of US$439 million (US$0.64 per share) for the three months ended September 30, 2018.

The results include a US$31 million gain realized under the corporate copper sales hedge program.

As quoted in the press release:

• Operations Continue to Deliver Solid Results; Production Guidance Increased for Copper; Costs remain in-line with full year guidance: 151,241 tonnes of copper produced
• Improved Operating Cash Flows and Continued Strong Liquidity: US$439 million of cash flows generated from operating activities
• Key Milestones Achieved at the Cobre Panama Project; Over 80 percent complete

Click here to read the full First Quantum Minerals (TSX:FM) press release.