Today we review First Quantum Minerals Limited. What is First Quantum Minerals Limited all about? What do they offer to you (the investor)? Are there better alternatives? This is just a few of the main questions we help you answer in this short review!
Name of the company: First Quantum Minerals Limited
Official Website URL: https://www.first-quantum.com/
CEO: Philip K.R. Pascall
Products: Copper, gold, zinc, nickel, mining stocks
Some companies thrive by specializing in the provision of a single product or service, while others make an entry into the market with a couple of products which they deem very fir for consumption by the general public. Such is the narrative of First Quantum Minerals Limited which we shall be looking at today. In order to find out how well this company is doing and how valuable it is, we shall address the following questions:
– What is this company about?
– How does it operate?
– What products does it bring to the market?
– Is it a genuine company?
– Which investment opportunities can one settle on in this company?
– What are the alternatives to these investments?
– What are its main pros and cons?
What is First Quantum Minerals Limited?
First Quantum Minerals is a metals and mining company that previously went by the name Xenuim Resources. It changed its name to First Quantum Minerals Limited in 1996. The company also acquired Bwana facility in the same year, thus leading to its establishment in the market as a leading copper producer. This product is also accompanied by the significant production of nickel.
First Quantum’s main activities include the exploration of minerals, the development of mines, and the operation of mines. In 2016, copper was the main mineral that this company mined, and this accounted for 80% of its total revenues.
How it works
This company is currently operating and developing mines in Latin America, Africa, Australia, Finland, Spain, and Turkey. Its main target has been to extract large amounts of copper and to supply them to the ready market. A close look at its total production of metals in 2016 can reveal what this company’s focus in the mining sector is. Percentage-wise, First Quantum was able to achieve the following production rates:
– Copper – 80%
– Gold- 10%
– Zinc – 3%
First Quantum Mineral operates in six mines, from which it extracts the above-listed metals. The six mines are:
– Kansanshi Mine- Zambia
– Guelb Mohgrein Mine – Mauritania
– Sentinel Mine – Zambia
– Cayeli Mine – Turkey
– Las Cruces Mine – Spain
– Pyhasalmi Mine- Finland
Besides these mines, this company also has several other projects that it perceives as its secondary investments. The main ones include:
– Mopani Copper Mines
– Fishtie Copper Project – Zambia
– Cobre Panama- Panama
– Taca Taca –Argentina
– Haquira -Peru
– Pebble Mine
First Quantum is a fast-rising metal and mining company that brings some of the very essential metals to the market. This company’s mining activities give rise to copper, gold, nickel, and zinc. There are very many uses for these metals, and there are undoubtedly many customers looking forward to purchasing them for value addition and resale purposes.
Is it a genuine company?
First Quantum Minerals is a genuine company. With its activities being run in different nations, there are minimal chances of it getting away with any fraudulent activities. In addition to that, this company has its stocks being offered through the Toronto Stock Exchange, which an institution that would not be willing to tolerate any sort of irregularities in the form of fraud. Information about this company’s stocks is available on Bloomberg.
If you are not certain about First Quantum Minerals as a company, then you can have a look at its top management executives who are very popular in the mining industry.
– Philip K.R. Pascall –Board Chairman and CEO
– Clive Newall – President and Director
– Robert Harding –Lead Independent Director
– Hannes Meyer – Chief Financial Officer
Besides the metals that this company mines for resale, it also offers stocks that investors can greatly benefit from. Depending on how well they can make an entry and exit in the trading arena, the investors can potentially reap from having First Quantum Minerals Limited stocks. This company happens to be a publicly-traded company, and its stocks are traded under the ticker FM in Toronto Stock Exchange. It stocks also happen to be an S&P/ TSX 60 component.
Alternatives to First Quantum Minerals’ stocks
A prudent investor knows that he or she is in the investment game for the wins. This makes having the right assets in their portfolio an issue of paramount importance. There are those who can take the steam of the fluctuating stocks prices, such as would be the case of First Quantum Minerals stocks, but there are those who would rather sit back and watch the value of their portfolio grow over time. If you are that type of investor, then physical gold should come up as your best alternative to mining stocks. All you need to do is to open a gold IRA account with a company such as GoldCo and have the staff in that company oversee your investment’s progress till the day you decide to cash it out. As of now, this company has not been in the spotlight for unprofessional conduct at any given moment, so you can rest assured that your physical gold will be safe.
If you have been in the stocks market, and just seeing the name stocks excites you, then it is time to introduce something that will help you oversee your investments in an entirely different manner. Mining stocks can be risky assets, but with proper research and proper timing, they can close to certainly bring in an impressive amount of investment income. Which is why you need Resource Insider. Paying for Resource Insider is equivalent to purchasing a bright lamp that will shine the light upon where your feet will tread. What do I mean? With this resource, you will get all the insider tips to the best investment deals that are happening, and you will get the chance to make an entry into them at the earliest time possible. Over a long period of time, your investment will have grown very significantly.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as GoldCo, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It can be wise to compare the positives against the negatives to get a better overall view before you decide to invest. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Deals with several minerals
– Has several mines
– A diversified portfolio of assets
– Experienced directors.
– Offers stocks whose value may be affected by the greater and stronger external forces of the economy.
Do You Own or represent First Quantum Minerals Limited?
If you are a representative, or associate of First Quantum Minerals Limited and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of First Quantum Minerals Limited pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of First Quantum Minerals Limited to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com