Tuesday, October 21st7.9°C
23836
23671

First Quantum says Cobre Panama costs rise, but output expected to be higher

TORONTO - First Quantum Minerals (TSX:FM) said Tuesday it expects its Cobre Panama project will cost more to build, but produce more copper annually. The miner said it now expects the mine to cost about US$6.4 billion, up from an earlier estimate of US$6.2 billion, however said it will produce about 320,000 tonnes of copper annually over the life of the mine, up about 20 per cent.

The Canadian Press


Read more Business News

22980


Recent Trending




Today's Market
S&P TSX14468.87+131.101
S&P CDNX821.289.93
DJIA16499.2199.54
Nasdaq4387.486+71.411
S&P 5001928.05+24.04
CDN Dollar0.8911+0.0052
Gold1252.90+8.2001
Oil81.94+0.56
Lumber331.60+0.70
Natural Gas3.662-0.008

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.14+0.02
Cantex0.055-0.025
Anavex Life Sciences0.195+0.004
Metalex Ventures0.050.00
Russel Metals33.15+0.87
Copper Mountain Mining2.135+0.145
Colorado Resources0.145-0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.46+0.01

 





FEATURED Property
210242367 Twin Lakes Rd.
4 bedrooms 4 baths
$444,800
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_



23545




Member of BC Press Council


22962