First Quantum: Don’t Miss The Forest For The Mine (TSX:FM:CA)

All values are in USD unless noted otherwise.

First Quantum Minerals Ltd. (OTCPK:FQVLF) (TSX:FM:CA) is a mining company that is headquartered in Canada. Although it does have a presence in Mauritania and Turkey, the current mainstays of the company’s operations are in Panama, Zambia and Australia.

More specifically, Cobre Panamá, Kansanshi (Zambia), Trident (Zambia) and Ravensthorpe (Australia) constitute standalone segments for the company’s financial reporting. The other relatively minor mining operations, along with the metal marketing division, are presented with the corporate activities under the “Corporate & other” segment. The Trident segment includes a nickel mining project (Enterprise) that is under development, one that is 12 kms away from First Quantum’s operational copper mine (Sentinel). Besides the Enterprise project, the company also has a couple others in the…