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First Quantum's earnings hit; guidance downgraded

Cost inflation and weaker copper and gold prices took their toll on First Quantum's earnings in Q3 while the company has trimmed its 2022 production guidance and lifted cost expectations.

Nathan Richardson
“We are well positioned to navigate the current period of challenging macroeconomic conditions,” First Quantum CEO Tristan Pascall said.

“We are well positioned to navigate the current period of challenging macroeconomic conditions,” First Quantum CEO Tristan Pascall said.

First Quantum's adjusted earnings in Q3 were down both year on year and quarter on quarter by 51.27% and 71.51%, respectively, at US$96 million ($0.14 per share). The company's EBITDA for the three...

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