Miner has hedged 35% of expected copper sales over next 12 months at US$3.04/lb
Strong results across the portfolio
Old habits die hard, killing corporate value along the way
First Quantum releases Q2 results
Investors need to get over their hedging hang ups
Copper sales hedge programme leads to $157 million bite out of revenues
North American gold companies persist with 'outside-in', while Australians move to 'inside-out'
'Most active investors in mining companies aren't owners they just rent the commodity exposure'
Companies secures good price on 20% of two years' production
End-March hedged ounces at highest level since mid-2010
Hedgers versus non-hedgers culture replaced with project, acquisition specific protection
Gold price strength is a chance to hedge