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First Quantum Minerals ( (TSE:FM) ) has provided an update.
First Quantum Minerals Ltd. has initiated a cash tender offer to purchase its outstanding 6.875% Senior Notes due 2027, with a maximum aggregate principal amount of up to $500 million. This move is part of the company’s financial strategy to manage its debt and optimize its capital structure, potentially improving its financial flexibility and reducing interest costs.
More about First Quantum Minerals
First Quantum Minerals Ltd. is a mining company engaged in the production of copper, nickel, gold, and other minerals. The company operates mines and projects in various countries, with a focus on large-scale, low-cost operations.
YTD Price Performance: 5.56%
Average Trading Volume: 219,818
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $11.49B
Learn more about FM stock on TipRanks’ Stock Analysis page.
