HOUSTON--(BUSINESS WIRE)--SailingStone Capital Partners, a long-time shareholder of First Quantum Minerals Ltd. (TSX: FM) has issued the following statement:
Recently, a press report inaccurately characterized several key facts related to SailingStone’s position in the company, its assessment of management and the board, and the options available to the company to address the current situation.
SailingStone is supportive of management’s efforts to address balance sheet concerns. Managing Partner MacKenzie Davis noted that the company previously has navigated successfully through similar challenging circumstances.
SailingStone recognizes First Quantum Mineral’s desire for a peaceful resolution in Panama. “We are confident that the First Quantum team will work through all of its options to arrive at a reasonable conclusion that reflects the billions of dollars that shareholders have invested in Cobre Panama,” stated Davis.
ABOUT SAILINGSTONE CAPITAL PARTNERS LLC
SailingStone Capital Partners, a division of Pickering Energy Partners, provides investment solutions in the global natural resource space with a specific focus on the industrial businesses, commodities and infrastructure assets which will enable the energy transition. SailingStone manages concentrated, public and private equity strategies for institutional investors.
