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First Quantum lower on reduced copper output

Cobre Panama developer First Quantum Minerals (TSX: FM) closed lower in Toronto yesterday on releasing mixed results for the March quarter.

First Quantum lower on reduced copper output First Quantum lower on reduced copper output First Quantum lower on reduced copper output First Quantum lower on reduced copper output First Quantum lower on reduced copper output

First ore at First Quantum’s Cobre Panama in Panama

The company reported a 6% drop in copper output compared with a year earlier, producing 136,969 tonnes, at a US5c per pound higher all-in sustaining cost of $1.77/lb.

However gold production was 7.