Franco-Nevada Notes Its Partner, First Quantum Minerals Has Issued An Update Announcing That Subsidiary, Minera Panama, Has Begun To Reduce Ore Processing Operations At Cobre Panama Mine
Portfolio Pulse from Benzinga Newsdesk
First Quantum Minerals, partner of Franco-Nevada, announced that its subsidiary Minera Panama has started to scale down ore processing operations at the Cobre Panama Mine. This update could potentially affect Franco-Nevada's interests in the mine.
November 13, 2023 | 11:22 am
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Franco-Nevada, which has a partnership with First Quantum Minerals, may experience a negative impact on its stock price due to the reduced operations at the Cobre Panama Mine.
As a partner of First Quantum Minerals, Franco-Nevada's financial interests are likely tied to the performance of the Cobre Panama Mine. The reduction in ore processing operations could lead to decreased revenues or profits from this asset, which may negatively affect investor sentiment and the stock price of FNV in the short term.
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