2024-04-24 14:05:30 ET
First Quantum Minerals Ltd. (FQVLF)
Q1 2024 Earnings Conference Call
April 24, 2024 09:00 AM ET
Company Participants
Bonita To - Director, IR
Tristan Pascall - Chief Executive Officer
Rudi Badenhorst - Chief Operating Officer
Ryan MacWilliam - Chief Financial Officer
Conference Call Participants
Greg Barnes - TD Securities
Orest Wowkodaw - Scotiabank
Jackie Przybylowski - BMO Capital Markets
Chris LaFemina - Jeffries
Ralph Profiti - Eight Capital
Ioannis Masvoulas - Morgan Stanley
Dalton Baretto - Canaccord Genuity
Bryce Adams - CIBC Capital Markets
Presentation
Operator
Thank you for standing by. This is the conference operator. Welcome to the First Quantum Minerals Ltd First Quarter 2024 Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions].
I would now like to turn the conference over to Bonita To, Director, Investor Relations. Please go ahead.
Bonita To
Thank you, operator, and thank you everyone for joining us today to discuss our first quarter results. During the call we will be making forward-looking statements. And as such, I encourage you to read the cautionary notes that accompany this presentation, our MD&A and the related news release.
As a reminder, the presentation is available on our website and that all dollar references are in U.S. dollars unless otherwise noted. On today's call are Tristan Pascall, our Chief Executive Officer, Ryan MacWilliam, our Chief Financial Officer and Rudi Badenhorst, our Chief Operating Officer.
And with that, I will turn the call over to Tristan for opening remarks.
Tristan Pascall
Thank you, Bonita and thank everybody for joining us for our first quarter update today. Shortly following our fourth quarter results we announced our comprehensive refinancing package that involved an amendment and extension of our corporate loan facilities. A $1.6 billion second-lien bond offering and a $1.15 billion equity bought deal offering.
These transactions combined with our $500 million copper pre-pay agreement with our long-standing customer Jiangxi Copper have strengthened the company's balance sheet significantly to which Ryan will speak more on later and provide the company with the necessary time and space to deliver the Kansanshi S3 Expansion whilst we work towards a resolution for Cobre Panama....
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First Quantum Minerals Ltd. (FQVLF) Q1 2024 Earnings Call Transcript