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Company News

BUZZ-First Quantum Minerals: Slumps on Q2 loss

** Shares of Canadian miner down 4 pct at $13.43

** Stock slumps as much as 6.4 pct, biggest intraday pct loss in nearly 3 months

** Company posts Q2 loss of C$0.05/shr vs est of profit of C$0.02/shr

** Says Q2 loss includes a $97 mln loss realized under the copper sales hedge program for which no tax credit is available

** Gold sales also slumped 25.6 pct to 52,020 ounces in Q2

** Up to Thursday’s close, FM had risen a little over a third its value YTD

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