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JP Morgan cuts First Quantum Q2 estimates

Wall Street investment bank JP Morgan has cut its forecast for Toronto-listed First Quantum Minerals second quarter earnings by 8% to US$1.03 billion, reflecting higher costs and expected lower output at the firm’s Kansanshi copper-gold mine in Zambia.

JP Morgan cuts First Quantum Q2 estimates JP Morgan cuts First Quantum Q2 estimates JP Morgan cuts First Quantum Q2 estimates JP Morgan cuts First Quantum Q2 estimates JP Morgan cuts First Quantum Q2 estimates

Investors look to Kansanshi performance

JP Morgan sits 3% below market consensus of the firm's forecast second quarter results which First Quantum will release on July 27 after the close of trading on the Toronto Stock Exchange.