First Quantum Minerals is exploring a rights issue to strengthen its balance sheet, Reuters reports, citing two unidentified people familiar with the matter.
- The company has not finalized the terms or timing of the potential rights issue, but it has discussed the option with some shareholders
- The company has hired
BMO Capital Markets to sell some of its smaller mines such as Las Cruces in Spain, one of the people tells Reuters - First Quantum Minerals declined to comment to Reuters
- BMO Capital Markets did not respond to a Reuters request for comment
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