Articles Tagged "TSX:FM"

First Quantum Minerals to Acquire Lumina Copper Corp. for $470 Million

First Quantum Minerals Ltd. (TSX:FM,LSE:FQM) and Lumina Copper Corp. (TSXV:LCC) have signed a definitive agreement pursuant to which First Quantum will acquire all outstanding securities of Lumina through a court-approved plan of arrangement. Based on the consideration, the total value of 100% of the fully diluted common shares of Lumina is roughly $470 million. Currently, First Quantum owns 2.5 million of Lumina's outstanding common shares.

Mirasol, First Quantum to Explore and Develop Rubi Property

Mirasol Resources Ltd. (TSXV:MRZ) announced that it has signed a binding Letter Agreement with First Quantum Minerals Ltd. (TSX:FM,LSE:FQM). Together, the companies will explore and develop Mirasol's Chile-based Rubi property, which is located within a porphyry belt that hosts "many world class porphyry copper deposits."

Inmet Mining Owners Face Dilemma as First Quantum Dangles Third Bid

Sitting on the second-largest undeveloped copper deposit in the world makes Inmet Mining an attractive target — worth $72 per share if First Quantum’s latest bid is to be believed. Now shareholders must carefully consider whether they can get more or if it’s worth paying well above the industry average to develop and operate the mine on their own.