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First Quantum Minerals Ltd (TSE:FM)
TSX:FM
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.28Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: -1.22%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with positive operational achievements and strong financial management, but significant challenges in Panama and Zambia's energy supply remain unresolved.Company Guidance
During the Fourth Quarter 2024 Results Conference Call, First Quantum Minerals provided guidance that emphasized strong operational performance and strategic initiatives for future growth. The company exceeded its 2024 copper and gold production guidance, achieving 431,000 tons of copper and 139,000 ounces of gold, surpassing the upper ends of their respective estimates. The Kansanshi S3 Expansion was highlighted, with the project scheduled for completion by mid-2025, aiming for a smooth ramp-up. Although the rainy season has impacted hydroelectric power levels in Zambia, First Quantum plans to manage potential power shortfalls through supplementary imports. Financially, the company reduced net debt by $61 million, ending the year with a net debt of $5.5 billion and liquidity of $1.6 billion. Looking ahead, the company is focused on resolving the situation in Panama, continuing balance sheet management, and ensuring operational excellence, with 2025 copper C1 costs projected at $1.68 per pound.Exceeding Production Guidance
Kansanshi and Trident exceeded guidance with 431,000 tons of copper and 139,000 ounces of gold produced in 2024, surpassing the upper end of expectations.
Strong Financial Position
Net debt decreased by $61 million in the fourth quarter to $5.5 billion, with liquidity increasing to $1.6 billion.
Operational Improvements
Implementation of improved grade control practices led to the highest annual copper production at Kansanshi since 2021, and record expert mining volumes at Sentinel.
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TSE:FM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:FM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | C$18.83 | C$18.91 | +0.42% |
| Oct 22, 2024 | C$18.37 | C$18.61 | +1.31% |
| Jul 23, 2024 | C$16.34 | C$16.76 | +2.57% |
| Apr 23, 2024 | C$15.52 | C$15.94 | +2.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Quantum Minerals Ltd (TSE:FM) report earnings?
First Quantum Minerals Ltd (TSE:FM) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is First Quantum Minerals Ltd (TSE:FM) earnings time?
First Quantum Minerals Ltd (TSE:FM) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:FM EPS forecast?
TSE:FM EPS forecast for the fiscal quarter 2025 (Q1) is -0.09.
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