Streetbeat News

FLMMF

Filo Mining Corp

https://www.filo-mining.com/

Industry

Dimension Stone Mining and Quarrying

Open

22.23

Mkt cap

Volume

High

22.30

P/E Ratio

-30.63

52-wk high

24.50

Low

22.05

Div yield

N/A

52-wk low

14.37

BHP has clarified that its chairman's comments about moving on from the failed $49 billion bid for Anglo American were not a formal withdrawal. The UK Takeover Panel confirmed that BHP's remarks do not constitute an official 'no offer' statement, leaving the door open for a future bid. BHP is focusing on expanding its operations in South America and addressing labor issues in Australia.

Portfolio Pulse from Stjepan Kalinic

November 01, 2024 | 12:29 pm

BHP and Lundin Mining are set to acquire Filo Corp for C$4.1 billion, offering C$33 per share in cash and Lundin Mining shares or a mix of both. Filo also announces a C$115 million private placement to BHP and Lundin Mining. The deal aims to develop Filo del Sol to its full potential and offers various benefits to Filo shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:07 pm

BHP Group Limited (NYSE:BHP) and Lundin Mining Corp. (OTC:LUNMF) have agreed to jointly acquire Filo Corp. (OTC:FLMMF) for C$4.1 billion. The acquisition includes a 32.2% premium over Filo's 30-day volume-weighted average price. BHP's shares are trading lower following the announcement. The deal is expected to close in Q1 2025, pending conditions.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 9:57 am

BHP and Lundin Mining are set to acquire Filo Corp for C$4.5 billion, offering C$33 per share in cash and Lundin Mining shares or a mix of both. The acquisition aims to develop Filo del Sol to its full potential, backed by two leading copper miners. Filo also announces a C$115 million private placement to BHP and Lundin Mining.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:28 am

Wall Street is increasingly bullish on copper due to its growing use in AI and data center operations, with predictions of demand surging and prices rising. Jefferies forecasts a significant jump in copper demand by 2030, while Morgan Stanley expects copper prices to increase by 12% by year-end. Investors are advised to look at stocks like Solaris Resources and Filo Mining, and ETFs such as Global X Copper Miners ETF, Sprott Copper Miners ETF, and iShares Copper and Metals Mining ETF.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 3:18 am

Copper prices surged over 2%, hitting one-month highs, driving the Global X Copper Miners ETF (COPX) up by 2.6%. The rise is attributed to China's fiscal shift, with the PBOC cutting the seven-day reverse repurchase rate by 10 basis points. Copper mining stocks, including FCX, FLMMF, ERO, and SCCO, experienced significant gains.

Portfolio Pulse from Piero Cingari

June 13, 2023 | 9:10 pm

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