Stock Profile: First Quantum Minerals
Symbol: FM (TSE), FQM (London)
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 Stats as of 5/25/01
• H/L Ratio: 1.85
• RS: 94.3
• Shares: 31,829,517
• P/E: 8.57
• Price: $4.20
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First Quantum is a fast growing metals exploration and mining company with primary interests in the African country of Zambia. It owns 100% of Bwana Mkubwa copper mine and suphuric acid plant, as well as a 44% interest in two other copper and cobalt mines and refineries. On May 17, 2001, the company announced the signing of a letter of intent to acquire Phelps Dodge's 80% interest in the Kansanshi Copper-Gold Deposit, also in Zambia.

Although the company's revenues come from copper, cobalt and sulphuric acid sales, First Quantum also owns a 95% interest in the Connemara Gold Mine in Zimbabwe, but operations were suspended in August 2000 due to economic instability in that country.

The company's revenues have risen steadily year over year and copper production is expected to grow 80% in 2001.

Quarterly Earnings per Share

  2000 2001 % Change
To Feb 28th $0.01 $0.04 300.0%
Revenues (000s) $7,994 $32,622 308.1%

Annual Earnings per Share

to Nov. 30th 1998 1999 % Change 2000 % Change
EPS -$0.44 $0.00 n/a $0.30 n/a
Revenues (000s) $20,215 $34,520 70.8% $91,155 164.1%