First Quantum says Cobre Panama costs rise, but output expected to be higher
January 28, 2014 - 6:06 AM
TORONTO - First Quantum Minerals (TSX:FM) said Tuesday it expects its Cobre Panama project will cost more to build, but produce more copper annually. The miner said it now expects the mine to cost about US$6.4 billion, up from an earlier estimate of US$6.2 billion, however said it will produce about 320,000 tonnes of copper annually over the life of the mine, up about 20 per cent.
News from © The Canadian Press, 2014