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Temporary hedging pain for First Quantum

Copper sales hedge programme leads to $157 million bite out of revenues

Jacqueline Holman
The September quarter was the Sentinel mine's strongest yet

The September quarter was the Sentinel mine's strongest yet

Under the hedge, for which no tax credit was available, the company only realised a copper price of US$2.37 per pound ($5,224.95 per tonne), which was $0.51/lb below the average LME price. This resulted...

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