First Quantum Minerals Ltd.

First Quantum Minerals Ltd.

FM.TO
First Quantum Minerals Ltd.CA flagToronto Stock Exchange
38.79
CAD
-1.01
- -
32.13BMarket Cap
First Quantum Minerals Ltd.
FM.TO
(Toronto Stock Exchange)

Recent

price

38.79

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.96
5.78
6.23
6.34
5.94
3.88
3.9
4.83
5.78
5.91
7.36
10.47
11.04
9.34
5.91
6.29
4.93
Revenue per Share
0.76
1.18
3.74
0.82
1.4
-0.77
-0.07
-0.46
0.64
-0.08
-0.26
1.21
1.5
-1.38
- -
-0.03
-0.18
Basic EPS, GAAP
1.1
-1.56
-2.18
-3.09
-3.19
-0.49
-0.32
-1.08
-0.24
-0.82
1.46
2.74
1.69
0.18
0.45
1.14
0.34
Free Cash Flow per Basic Share
0.14
0.18
0.19
0.18
0.13
0.06
0.01
0.01
0.01
0.01
0.01
0.01
0.11
0.13
- -
- -
- -
Dividend per Share
3.18
8.33
11.42
14.41
15.17
14.88
13.96
13.39
13.88
13.81
13.54
14.65
15.87
14.92
14.08
13.74
13.48
Book Value per Share
7.82
9.32
12.41
15.81
16.53
16.07
14.65
14.42
15.27
15.16
14.23
16.35
17.38
15.26
14.36
13.58
13.4
Tangible Book Value per Share
401
447
474
560
596
647
686
686
687
688
688
689
691
691
812
832
833
Basic Weighted Avg Shares
2,393
2,584
2,950
3,553
3,542
2,511
2,673
3,310
3,966
4,067
5,070
7,212
7,626
6,456
4,802
5,237
4,105
Sales/Revenue/Turnover
46.78
43.17
33.01
26.98
22.76
8.44
10.03
6.83
21.66
16.4
20.36
33.14
24.26
17.78
21.47
20.85
19.05
Operating Margin (%)
116
112
172
457
572
523
686
894
864
907
1,217
1,174
1,230
1,121
633
718
563
Depreciation Expense
306
529
1,773
459
835
-496
-45
-316
441
-57
-180
832
1,034
-954
2
-28
-153
Net Income, GAAP
61.99
41.3
14.92
41.1
- -
- -
7.12
498.33
35.78
368.42
800
42.71
21.78
- -
138.57
114.25
155.41
Effective Tax Rate (%)
12.78
20.47
60.09
12.91
23.57
-19.75
-1.68
-9.55
11.12
-1.4
-3.55
11.54
13.56
-14.78
0.04
-0.53
-3.73
Profit Margin (%)
1,214
752
1,389
738
1,764
1,063
849
1,121
1,620
629
673
2,255
2,431
1,452
1,672
1,154
1,601
Working Capital
501
15
348
3,027
5,676
4,675
4,561
5,961
7,111
7,360
7,452
7,599
6,805
6,610
5,844
5,050
5,691
LT Debt
3,140
4,168
5,881
9,089
10,088
10,633
10,285
10,128
10,722
10,662
10,035
11,494
12,237
10,778
11,902
11,536
11,396
Total Equity
10.61
15.02
15.29
5.78
- -
- -
1.52
-5.4
3.09
-9.37
-37.85
7.14
7.34
- -
-2.16
-0.86
-2.4
Return on Invested Capital (%)
10.36
12.35
31.64
4.03
- -
- -
-0.39
-3.09
2.16
-3.25
-27.31
4.94
7.03
- -
-0.82
-0.43
-2.19
Return on Capital (%)
22.55
21.15
38.81
6.81
9.76
-5.31
-0.47
-3.37
4.71
-0.6
-1.91
8.57
9.82
-8.97
0.02
-0.24
-1.35
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
858
363
LT Borrowings
- -
5,050
5,691
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
828
828
828
Market Capitalization
18,809
22,310
19,907

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
3,906
3,706
Cash, Cash Equivalents & STI
- -
716
770
Accounts Receivable, Net
- -
713
370
Inventories
- -
1,537
1,566
Total Current Liabilities
- -
2,752
2,105
Payables & Accruals
- -
791
796
ST Debt
- -
858
363
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.1%
3.29%
-3.08%
Free Cash Flow
40.75%
61.62%
159.73%
Net Income, GAAP
-195.58%
-466.08%
-1,500%
Sales/Revenue/Turnover
9.34%
3.22%
9.06%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,036
1,231
1,279
1,256
4,802
2025
1,190
1,226
- -
1,475
5,237
2026
1,404
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.21
-0.06
0.13
- -
- -
2025
-0.03
0.02
- -
0.03
-0.03
2026
-0.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
First Quantum Minerals Ltd. engages in the exploration, development, mining, and processing of copper, nickel, gold, zinc, and related minerals worldwide. The company produces copper cathode, copper in concentrate, copper anode, nickel, gold, silver, zinc, cobalt, acid, and pyrite; its principal operating assets include the Kansanshi copper-gold mine and smelter in Zambia, Sentinel copper mine in Zambia, Cobre Panama copper-gold mine in Panama, Cobre Las Cruces copper mine in Spain, Guelb Moghrein copper-gold mine in Mauritania, Cayeli copper-zinc mine in Turkey, Enterprise nickel mine in Australia, and Ravensthorpe nickel operation in Australia, with development projects such as Haquira, La Granja, and Taca Taca in Peru and Argentina. Founded in 1983 and headquartered in Vancouver, Canada, First Quantum operates across five continents, including Africa, Europe, the Americas, and Australia, employing approximately 14,500 people and focusing on complex, long-life mines that support global electrification and green energy demands. In 2025, the company commissioned the $1.25 billion Kansanshi S3 Expansion project, achieving first concentrate production in August and advancing toward full ramp-up ahead of schedule; completed a $1 billion non-debt gold streaming agreement with Royal Gold on Kansanshi output; executed senior notes transactions to extend debt maturities to 2029, including a $1 billion 7.250% notes offering due 2034; raised over $2 billion through equity and financing deals earlier in the year to strengthen its balance sheet and fund expansions; formed a strategic partnership with Prospect Resources, acquiring a 15% stake in April to support copper exploration in Zambia; and narrowed 2025 production guidance to 390,000-410,000 tonnes of copper while reducing capital expenditure outlook to $1.15-1.25 billion.

Company News

APIChatGPT
  • First Quantum Minerals upgraded ahead of anticipated restart of Cobre Panama mine