RY 168.02 -0.2138% TD 84.54 0.583% SHOP 98.44 1.6522% CNR 161.44 -0.4686% ENB 55.37 0.7093% CP 117.35 -0.4074% BMO 116.29 0.5969% TRI 234.8 -0.5% CNQ 43.4 -2.0316% BN 67.06 0.8573% ATD 75.0 -1.1467% CSU 4286.48 0.3286% BNS 70.72 0.6834% CM 83.49 0.9675% SU 49.53 0.4462% TRP 63.27 1.1187% NGT 73.0 1.5299% WCN 252.39 -0.095% MFC 38.15 0.58% BCE 48.11 0.4594%

Resources Report

First Quantum Minerals Ltd

Aug 09, 2024

FM:TSX
Investment Type
Large-cap
Risk Level
Action
Rec. Price (CA$)

Section1: Commodity Update:

Gold Outlook: Gold is a precious metal commonly used for investments and jewellery. Gold is among Canada's most valuable mined commodities, with a production value of $13.2 billion in 2022. Production of Gold in Canadian mines has been increasing steadily over the last decade. Production reached 204 tonnes of gold in 2022, which is 8% higher compared to the previous year and 55% higher compared to 2013. In Canada, majorly Gold mining coming from Ontario and Quebec that together accounted for 72% of gold production. The key drivers behind gold prices in 2024 are global economic uncertainties, inflation, outlook for Fed interest rate cuts and U.S. real yields. The structural bull case for gold remains intact, even as prices have risen sharply. Traditionally, a weaker U.S. dollar and lower U.S. interest rates increase the appeal of yellow metal. 

Section2: Company Overview and Fundamental Insights

2.1 Company Overview:

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