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Temporary hedging pain for First Quantum

First Quantum Minerals’ (CN:FM) copper sales hedge programme bit them in the September quarter, with copper production below expectations in what analysts referred to as slightly disappointing results.

Temporary hedging pain for First Quantum Temporary hedging pain for First Quantum Temporary hedging pain for First Quantum Temporary hedging pain for First Quantum Temporary hedging pain for First Quantum

The September quarter was the Sentinel mine's strongest yet

Under the hedge, for which no tax credit was available, the company only realised a copper price of US$2.37 per pound ($5,224.95 per tonne), which was $0.51/lb below the average LME price. Thi...