​Despite ongoing weakness in the copper market, we continue to view FM favourably given strong operational performance in recent quarters, steps taken to further strengthen the balance sheet, cost reduction efforts, the near completion of the Sentinel project, and progress made on Cobre Panama, which includes a timeline to put in place project financing of up to $2.5 billion by mid-2017.
​We continue to view the company favourably given recent strong operational performance, the sale of Kevitsa which will strengthen the balance sheet, the company’s cost reduction efforts, the near completion of the Sentinel project, and progress made on Cobre Panama, which includes a target to put in place project financing of up to $2.5 billion by the end of the year.
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