Panama Protests First Quantum Minerals In Panama
The mining companies whose stocks have shown resilience and strength in the past 30 days are FQVLF (First Quantum Minerals LTD.) Canadian based company with mines in Panama and Australia and other locations globally. The protest recently held in Panama by advocates not in favor of the Panama Government’s allowing a mining contract to be agreed upon between Panama and First Quantum was held but did not overturn the agreement. The agreement was important to Panama as the revenue from crossing the Panama Canal it receives has slowed and the agreement with First Quantum give the government there $300 million USD or more.
The stock is holding up well and has a 52 week range per share of a low of $6.92 and a high of $29.79 with today’s price at $12.89.