First Quantum Minerals Ltd (FQVLF) Stock Price Quote, News…

Summary

First Quantum Minerals Ltd., encompassing its various subsidiaries, specializes in the full spectrum of mineral property management, from initial exploration and development to active production. The company's principal focus lies in identifying and extracting a diverse range of ores, including copper, nickel, pyrite, gold, silver, and zinc, additionally manufacturing acid. Currently, operating mines are situated in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, complemented by a key development initiative also in Zambia. Beyond its active sites, First Quantum is actively evaluating the Taca Taca project in Argentina, known for its copper, gold, and molybdenum potential, as well as the Haquira copper deposit located in Peru. Established in 1983, the firm was originally known as First Quantum Ventures Ltd. before officially adopting its current name, First Quantum Minerals Ltd., in July 1996. Its corporate headquarters are based in Toronto, Canada.

Website

www.first-quantum.com

Location

Vancouver, A1, CA

Phone416 361 6400

Employees26,898

CEOAnthony Tristan Pascall

SectorBasic Materials

Industry

Copper

IPO DateFeb 13, 2009

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… ing the three months ended September 30, 2026, and subsequent period to certain development stage assets, based on information publicly filed by the applicable project owner: **Taca Taca** On October 28, 2026, First Quantum Minerals Ltd. ("**First Quantum**") reported its third quarter 2026 results and stated that approval of the Environmental and Social Impact Assessment ("**ESIA**") for Taca Taca is expected in 2026, following a public consul …
Metalla Royalty & Streaming Ltd.First Quantum Minerals Ltd·EX-99.4 - 6-K - EXHIBIT 99.4·Q3 26·12 Nov
… 026, and reclassified La Parrilla as a producing asset during the period. Metalla accrued 71 GEOs for the third quarter of 2026 and holds a 2.0% NSR royalty on La Parrilla. ***Taca Taca*** On October 28, 2026, First Quantum Minerals Ltd. ("**First Quantum**") reported its third quarter 2026 results and stated that approval of the Environmental and Social Impact Assessment ("**ESIA**") for Taca Taca is expected in 2026, following a public consul …
Metalla Royalty & Streaming Ltd.First Quantum Minerals Ltd·EX-99.6 - 6-K - EXHIBIT 99.6·Q3 26·12 Nov
… 2026, available on SEDAR+ at www.sedarplus.com and EDGAR at www.sec.gov.* **Cobre Panamá Updates** Cobre Panamá remains on preservation and safe management (“P&SM”) with production halted since November 2023. First Quantum Minerals Ltd. (“First Quantum”) has been working with the Government of Panama (the “GOP”) and the Ministry of Commerce and Industry (the “MICI”) to implement a plan that would allow for the execution of environmental and as …
FRANCO NEVADA CorpFirst Quantum Minerals Ltd·EX-99.2 - 6-K - Current report (foreign private issuer)·Q4 26·12 Nov
… re have been ratifications of certain private investments, such as the extension of Antamina for U.S.$2.0 billion (an increase from the U.S.$1.6 billion announced in 2022), the “La Granja” project of Río Tinto and First Quantum Minerals with an investment of U.S.$5.0 billion, among others. During 2023, the production of gold increased by 2.8%. The increase was partly due to the increased production by the mining company Compañía Minera Boroo Mis …
PERU REPUBLIC OFFirst Quantum Minerals Ltd·EX-99.D - 18-K - EXHIBIT 99D FY 2025·FY25·9 Nov
On October 28, 2026, First Quantum Minerals Ltd. (“First Quantum”) reported third quarter copper production of 45,843 tonnes, an increase of 1,846 tonnes from the previous quarter due to improved throughput. According to First Quantum, the new S3 concentrator sustained throughput above design capacity supported by higher operating time, strong utilization, and improved milling rates. First Quantum revised 2026 copper production guidance to 175,00 …
ROYAL GOLD INCFirst Quantum Minerals Ltd·10-Q - Quarterly report Q3·Q3 26·4 Nov
… tral and South America. Having obtained his DPhil from the University of Oxford on the geology of the Mega Kalahari Basin and having managed and developed projects in Angola, Zambia, DRC, Botswana and Namibia with First Quantum Minerals and BHP, he has significant knowledge of the region. Our Managing Director and Chief Executive Officer, Cadell Buss, is a multi-industry senior executive with over 20 years’ experience in marketing, project develo …
Chilwa Minerals LtdFirst Quantum Minerals Ltd·20-F - ANNUAL REPORT FY 2026·FY26·26 Oct

Key Stats

Trading

Px/Chg 1D$27.85 / +0.61%

Prev Close$32.63

% of 52Wk H90.56%

Avg Volume333.30K

Beta2.25

Mkt Cap23.06B

FD Mkt Cap26.61B

Float

Shrs Out/Float828.19M / 673.99M

Short Float0.00%

Days to Cover8.11

Stock Repurchased$0.00

Current Valuation

EV28.67B

EV/EBITDA16.75

EV/Sales5.27

P/B2.08

P/S4.24

FCF Yield-0.03%

ROE-1.77%

ROA-0.78%

Current Ratio1.76

Dividend

Cash$0.06

Yield63.52%

Yield (TTM)63.52%

Estimates

P/E-115.06

Est P/E0.00

Est EPS0.04

Est PEG0.00

Valuation

Metric	5Yr Avg	Mar '23	Mar '24	Mar '25	Mar '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	1,240.30	15.19	-7.81	5,567.78	744.00	-117.68
Price / Sales	6.91	2.06	1.15	2.32	12.61	16.43
Price / Book Value	1.38	1.44	0.73	0.97	1.67	2.08
Price / Free Cash Flow	-656.53	13.48	58.64	30.51	-43.98	-3,341.28
ENTERPRISE VALUE METRICS
Enterprise Value	21,413.1	22,737.2	14,395.9	17,098.6	24,163.0	28,671.0
Enterprise Value / Sales	9.11	2.98	2.23	3.56	16.38	20.42
Enterprise Value / EBITDA	33.92	7.00	10.96	10.73	37.75	103.13
Enterprise Value / EBIT	108.63	11.08	92.88	17.81	53.82	367.58

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	-7.3%	7,212.0	7,626.0	6,456.0	4,802.0	5,328.7
Gross Income	-13.1%	2,562.0	2,200.0	1,292.0	1,350.0	1,458.0
EBITDA	-16.4%	3,725.0	3,248.7	1,313.9	1,593.0	1,821.0
EBIT	-19.6%	2,551.0	2,053.0	155.0	960.0	1,067.0
Net Income	—	832.0	1,034.0	-954.0	2.0	-28.5
EPS (Diluted)	—	1.19	1.43	-1.38	0.00	-0.03
BALANCE SHEET
Cash & ST Inv	-21.2%	1,859.0	1,688.0	1,157.0	843.0	716.0
Total Assets	-3.2%	25,270.0	25,080.0	23,758.0	24,107.0	25,238.0
Total Liabilities	-13.5%	13,776.0	12,843.0	12,980.0	12,205.0	13,702.0
Total Shareholder Equity	2.7%	10,018.0	10,901.0	10,247.0	11,469.0	11,165.0
CASH FLOW
Net Operating Cash Flow	-13.5%	2,885.0	2,332.0	1,427.0	1,651.0	1,616.8
Cap Ex	3.8%	-995.0	-1,167.0	-1,300.0	-1,286.0	-1,153.9
Free Cash Flow	-29.6%	1,890.0	1,165.0	127.0	365.0	463.0

Enterprise Value Bridge

Millions USD		13 Nov '26
Price (As of 13 Nov '26)		23.23
Basic Shares		828.19
Market Cap		19,237.9
Diluted Shares		834.21
Fully Diluted Shares Outstanding		834.21
Fully Diluted Market Cap		19,377.8
+Consolidated Debt		6,105.0
−In-the-Money Convertible Debt		—
+Capital Leases		-
+Operating Leases		—
−Cash & Equivalents		-796.0
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		233.0
+Pension Liabilities		—
Enterprise Value		24,779.9

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