News

First Quantum Minerals posts loss of $217 million in first quarter

VANCOUVER – VANCOUVER, British Columbia (AP) _ First Quantum Minerals Ltd. (FQVLF) on Thursday reported a loss of $217 million in its first quarter.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 32 cents. Earnings, adjusted for non-recurring costs, came to 7 cents per share.

The metal and minerals mining company posted revenue of $720 million in the period.

First Quantum Minerals shares have climbed 93 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.27, a decrease of 53 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FQVLF at http://www.zacks.com/ap/FQVLF

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Keywords: First Quantum Minerals, Earnings Report