Separately, the company has hired BMO Capital markets to sell some of its smaller mines such as Las Cruces in Spain, one of the sources said.
The sources declined to be identified as the discussions are confidential.
First Quantum Minerals declined to comment on both matters. BMO Capital did not respond to a request for comment.
First Quantum said this week that it was exploring all options to “manage its balance sheet,” which included selling smaller mines, bringing strategic investors into its larger mines and evaluating a range of options across capital markets to raise funds.
The Canadian miner is dealing with the fallout of the sudden closure of its flagship Panama mine last month. The company has lost more than half its market value since public protests against its Panama mine started in October.
First Quantum Minerals shares were up 0.6% at C$12.53 late on Friday afternoon.
First Quantum has said it plans to cut costs…
