Articles Tagged "TSX:FM"

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

Copper – 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.

Copper Rallies on Surprise US Federal Reserve QE Decision

Copper – Copper climbed to a four-week high Thursday following the US Federal Reserve’s surprise decision not to taper its economic stimulus program.

Mirasol, First Quantum to Explore and Develop Rubi Property

Copper – 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."