Quadra FNX Mining Ltd. said this morning that it has entered into a definitive agreement with KGHM Polska Miedź S.A. under which the Polish company will acquire the Vancouver-based miner for about C$3.5 billion, a premium of more than 40% of Quadra FNX’s recent share price. Quadra FNX operates the Robinson copper/gold open-pit mine...
It hasn’t been too long that a company making copper for cash costs of $3 – $4 a pound was heading for insolvency. But Quadra FNX Mining Ltd. has leveraged three of these higher-cost producers into handsome cash flow, the acquisition of lower-cost mines and the hope for a major low-cost producer in the...
Quadra Mining Ltd. had 2008 net earnings of $38.6 million vs. $134.5 million in 2007 as it was hit by the decline in copper prices in the second half and has it took a $96 million writedown of its Malmbjerg moly project in Greenland in 4Q. Operating cash flow before working capital increased slightly...
Centenario Copper Corp. will be acquired by Quadra Mining Ltd. in order to get funding for the startup of its Franke SX/EW copper mine in Chile, which is ready to go into production, the firms said Feb. 9. The acquisition will be for stock, at a rate which represents a 6.6% premium on the...
