First Quantum Minerals Faces Uncertainty as Panama Announces Referendum

Toronto Stock Exchange :

First Quantum Minerals Ltd. . Mining. Down $7.96, or 28.47 per cent, to $20.00 on 9.9 million shares.Enbridge Inc. . Energy. Up 47 cents, or 1.08 per cent, to $44.04 on 6.0 million shares.Air Canada. . Transportation. Down 22 cents, or 1.32 per cent, to $16.50 on 5.2 million shares.Companies in the news:

First Quantum Minerals Ltd. . Mining. Down $7.96, or 28.47 per cent, to $20.00. The president of Panama said over the weekend that he would hold a referendum on a law that cleared the way for First Quantum Minerals Ltd.'s Cobre Panama mine. The vote on whether or not to repeal the law will be held on Dec. 17 and the results will be binding, the president said Sunday.

Air Canada. . Transportation. Down 22 cents, or 1.32 per cent, to $16.50. Air Canada reported soaring profits in its latest quarter as consumers continued to spend big on travel, despite higher inflation and interest rates weighing on their wallets. The country's biggest airline saw net income in its third quarter jump to $1.25 billion from a half-billion-dollar loss in the same period a year earlier. Advance ticket sales in the quarter ended Sept.

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Canadian Miner First Quantum Minerals Shares Fall After Panama Government Announces Mining Contract ReferendumShares of Canadian miner First Quantum Minerals fell as much as 24.1% after the Panama government announced a referendum to decide whether to scrap a mining contract awarded to the company. The decision will be binding and comes after protests against First Quantum's open pit mine in Cobre Panama.
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