First Quantum lifts copper guidance, lowers gold forecast

Canada’s First Quantum Mines has upped its 2018 copper production guidance by 5% to 590 000 t, to reflect higher production from its two largest operations – Kansanshi and Sentinel, in Zambia.

The Kansanshi mine increased its third-quarter output to 63 687 t, from 58 706 t in the prior-year quarter, while Sentinel’s production increased to 56 426 t, from 53 533 t in the same period, First Quantum reported on Monday.