Articles Tagged "First Quantum Minerals"

Zambia Won’t Raise Mining Royalty to 20 Percent

Roughly four months after Barrick Gold halted operations at its Lumwana mine in Zambia due to higher royalties in the country, the government is set to change its decision on the royalty hike. Zambia’s cabinet has approved a proposal to drop the rate increase, according to a report from Bloomberg.

CIBC Analyst Gives First Quantum C$28 Target Price

In a research note put out out on Monday, Tom Meyer, base metals & minerals analyst at CIBC World Markets, gave First Quantum Minerals (TSX:FM) a "sector outperformer rating" and a 12 to 18 month target price of C$28 per share. Meyer cited better than expected operating costs and the fact that development projects are staying on schedule as positive news for the company.