Go to the Globe and Mail homepage

Jump to main navigationJump to main content


With Inmet belle of the ball, other suitors certain to appear Add to ...

Subscribers Only

Philip Pascall, CEO of First Quantum Minerals Ltd., is hoping the third time is the charm in his attempt to buy Inmet Mining Corp. That’s not likely. Despite the global economic uncertainty there is still a lot to like about copper and in particular Inmet’s jewel asset, its Cobre Panama development. Investors have already pushed Inmet stock above First Quantum’s latest offer, a half-cash, half-stock – and arguably half-hearted – $72 per share bid announced Sunday, just 2.9 per cent higher than its last bid three weeks earlier. Their bet that a better price awaits is a sensible one.

Report Typo/Error

Follow on Twitter: @SeanSilcoff

Next story




Most popular videos »

More from The Globe and Mail

Most popular