- Quantum Minerals (OTCPK:FQVLF) First Press Release: First Quarter Non-GAAP EPS of -$0.20 beats by $0.03.
- Revenues of $1.04 billion (-33.3% y/y) beats by $125.94 million.
- EBITDA of 180 million dollars.
- With Cobre Panama in the P&SM phase, total copper production for the first quarter was 100,605 tons, a decline of 37% compared to the fourth quarter of 2023.
- Copper sales volumes amounted to 101,776 tonnes, higher than production by approximately 1,171 tonnes.
- Cash flow from operating activities of $411 million ($0.55 per share) for the quarter was $596 million higher than last year’s fourth quarter.
- Guidance for 2024: All previously provided guidance remains unchanged.
PRODUCTION GUIDE
000 2024 Copper (tons) 370 – 420 Gold (ounces) 95 – 115 Nickel (tons contained) 22 – 37