17th Feb 2016 17:29
LONDON (Alliance News) - First Quantum Minerals Ltd on Wednesday released its production and capital expenditure guidance for 2016 to 2018.
The mining company said it expects its net capital expenditure in 2016 to be around USD710 million, while anticipating capex of around USD820 million for 2017 and for 2018.
First Quantum also made the following production guidance:
000's | 2016 | 2017 | 2018 |
Group Copper - tonnes - excluding Sentinel | 400 | 400 | 407 |
Sentinel - Copper - tonnes | 135-155 | 210-240 | 230-260 |
Nickel - contained tonnes | 40 | 40 | 42 |
Gold - ounces | 215 | 225 | 225 |
Zinc - tonnes | 26 | 20 | 20 |
Platinum - ounces | 30-40 | 30-40 | 35-40 |
Palladium - ounces | 24-30 | 24-30 | 25-30 |
Shares in First Quantum closed up 30% at 235.00 pence on Wednesday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
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