First Quantum Minerals (FM) Financings
TSX: FM · Copper, Nickel, Gold · Production stage
- Market cap$28.58B
- Share price$34.26
- 52-week range$27.06 – $49.27
- Shares outstanding834,206,731
- ExchangeTSX
- Websitewww.first-quantum.com
First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia and Mauritania. The Company's Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company's Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring the La Granja and Haquira copper deposits in Peru.
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First Quantum Minerals financial statements
Key figures read from 38 of 38 financial statement filings, Oct 28, 2016 to Jul 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$716 | US$843 | US$1,157 | US$1,688 | US$1,859 |
| Total current assets | US$3,906* | US$3,217* | US$3,459* | US$4,169* | US$3,933* |
| Total current liabilities | US$2,752 | US$1,545 | US$2,007 | US$1,738 | US$1,678 |
| Working capital | US$1,154 | US$1,672 | US$1,452 | US$2,431 | US$2,255 |
| Property, plant and equipment | US$19,772 | US$19,193 | US$18,583 | US$19,053 | US$19,283 |
| Total assets | US$25,238 | US$24,107 | US$23,758 | US$25,080 | US$25,270 |
| Debt | US$5,836 | US$6,342 | US$7,379 | US$7,380 | US$7,912 |
| Total liabilities | US$13,702 | US$12,205 | US$12,980 | US$12,843 | US$13,776 |
| Shareholders' equity | US$11,165 | US$11,469 | US$10,247 | US$10,901 | US$10,018 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$5,237 | US$4,802 | US$6,456 | US$7,626 | US$7,212 |
| Cost of sales | (US$3,779) | (US$3,452) | (US$5,164) | (US$5,426) | (US$4,650) |
| Exploration and evaluation expense | (US$30) | (US$24) | (US$30) | (US$26) | (US$20) |
| General and administrative | (US$166) | (US$148) | (US$142) | (US$136) | (US$118) |
| Impairments and write-downs | US$23 | (US$75) | (US$900) | US$0 | (US$44) |
| Net income (loss) | (US$65) | (US$108) | (US$1,243) | US$1,149 | US$1,089 |
Cash flow statement: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$2,082 | US$1,651 | US$1,427 | US$2,332 | US$2,885 |
| Investing cash flow | (US$1,201) | (US$1,294) | (US$1,380) | (US$1,170) | (US$1,098) |
| Financing cash flow | (US$1,047) | (US$501) | (US$776) | (US$1,331) | (US$841) |
| Property, plant and equipment spending | (US$1,224) | (US$1,340) | (US$1,326) | (US$1,191) | (US$999) |
| Proceeds from share issues | US$0 | US$1,103 | — | — | — |
| Change in cash | (US$166) | (US$144) | (US$729) | (US$169) | US$946 |
| Cash at end of period | (US$3) | US$812 | US$959 | US$1,688 | US$1,859 |
First Quantum Minerals financings
1 financing announced or closed by First Quantum Minerals, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-11 | First Quantum Minerals (FM) | Debt | Closed, 1 tranche | $1.50B | — | FIRST QUANTUM MINERALS ANNOUNCES $1,350 MILLION SENIOR NOTES OFFERING (In United States dollars, except where noted otherwise) |
First Quantum Minerals debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments First Quantum Minerals has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-02-26 | Notes / bonds, closed / funded | — | US$1.5B | 6.375%, matures 2036 |
| 2025-09-02 | Notes / bonds, repaid / settled | — | US$41.88M | 6.875%, matures 2027 |
| 2025-08-20 | Notes / bonds, partly repaid | — | US$250M | 9.375%, matures 2029 |
| 2025-08-20 | Notes / bonds, closed / funded | — | US$1B | 7.25%, matures 2034 |
| 2025-03-05 | Notes / bonds, closed / funded | — | US$1B | 8%, matures 2033 |
| 2024-03-05 | Notes / bonds, repaid / settled | — | C$1.05B | 7.5%, matures 2025 |
| 2023-05-30 | Notes / bonds, partly repaid | — | US$1.3B | 8.625%, matures 2031 |
| 2023-05-17 | Notes / bonds, repaid / settled | — | US$1B | 8.625%, matures 2031 |
| 2023-03-17 | Notes / bonds, proposed | — | US$400M | — |
| 2023-02-14 | Notes / bonds, partly repaid | — | US$450M | 6.5%, matures 2024-03 |
| 2021-10-14 | Credit facility, signed | — | US$2.92B | matures 2022-12 |
| 2020-10-15 | Notes / bonds, repaid / settled | — | US$1.5B | 6.875%, matures 2027 |