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First Quantum reports loss, reduces 2020 guidance

First Quantum Minerals has reported a net loss of US$62 million for the March quarter on sales of $1.18 billon, compared with a net profit of $53 million on sales of $857 million in the same period in 2019 as costs increased and realised prices fell.

First Quantum reports loss, reduces 2020 guidance First Quantum reports loss, reduces 2020 guidance First Quantum reports loss, reduces 2020 guidance First Quantum reports loss, reduces 2020 guidance First Quantum reports loss, reduces 2020 guidance

Cobre Panama in Panama

Copper production for the quarter increased 42.6% to 195,285 tonnes from 136,969t a year ago while gold production increased 39.4% to 68,788 ounces from 49,357oz.