Simon Scott - First Quantum Independent Director

FM Stock  CAD 19.13  0.33  1.76%   

Director

Mr. Simon Scott is Independent Director of the Company. Mr. Scott has some 20 years of experience in the mining industry. Between 2010 and 2016, he was Chief Financial Officer of Lonmin plc, a London Stock Exchange listed platinum mining company and was acting CEO between 2012 and 2013. Prior to that, Mr. Scott was Chief Financial Officer of Aveng Limited a Johannesburg Stock Exchange listed construction company providing products and services to the mining industry globally. Mr. Scott also held a variety of senior management positions in Anglo American Platinum Limited including as acting CFO. His early career was spent in various financial positions, including as CFO Southern Africa for JP Morgan Chase. Mr. Scott is a Chartered Accountant and holds degrees in both accounting and commerce from the University of the Witwatersrand in South Africa. since 2018.
Age 61
Tenure 6 years
Phone416 361 6400
Webhttps://www.first-quantum.com

First Quantum Management Efficiency

The company has return on total asset (ROA) of 0.0167 % which means that it generated a profit of $0.0167 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1727) %, meaning that it generated substantial loss on money invested by shareholders. First Quantum's management efficiency ratios could be used to measure how well First Quantum manages its routine affairs as well as how well it operates its assets and liabilities.
First Quantum Minerals has accumulated 7.58 B in total debt with debt to equity ratio (D/E) of 0.96, which is about average as compared to similar companies. First Quantum Minerals has a current ratio of 1.01, suggesting that it is not liquid enough and may have problems paying out its financial obligations in time and when they become due. Debt can assist First Quantum until it has trouble settling it off, either with new capital or with free cash flow. So, First Quantum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Quantum Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Quantum's use of debt, we should always consider it together with cash and equity.

Similar Executives

Showing other executives

DIRECTOR Age

Candace BruleHudBay Minerals
N/A
Donald CharterLundin Mining
62
Peter MeredithIvanhoe Mines
75
Livia MahlerIvanhoe Mines
59
Oyvind HushovdIvanhoe Mines
67
Igor GonzalesHudBay Minerals
64
Carin KnickelHudBay Minerals
62
Catherine StefanLundin Mining
67
Carol BanducciHudBay Minerals
59
Chris AdachiTeck Resources Limited
N/A
Tadeu CarneiroIvanhoe Mines
59
Mel LeidermanAgnico Eagle Mines
66
Sean RileyAgnico Eagle Mines
65
Dale PeniukLundin Mining
59
William HaydenIvanhoe Mines
67
Deborah McCombeAgnico Eagle Mines
66
Robert GemmellAgnico Eagle Mines
62
John RobertsAgnico Eagle Mines
69
Sarah KavanaghHudBay Minerals
62
Colin OsborneHudBay Minerals
54
Leanne BakerAgnico Eagle Mines
66
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. First Quantum Minerals Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada. FIRST QUANTUM operates under Copper classification in Canada and is traded on Toronto Stock Exchange. It employs 20000 people. First Quantum Minerals (FM) is traded on Toronto Exchange in Canada and employs 21 people.

Management Performance

First Quantum Minerals Leadership Team

Elected by the shareholders, the First Quantum's board of directors comprises two types of representatives: First Quantum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Quantum's management team and ensure that shareholders' interests are well served. First Quantum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Quantum's outside directors are responsible for providing unbiased perspectives on the board's policies.
G Newall, President Director
Ryan CFA, Chief Officer
Simon Scott, Independent Director
Rudi Badenhorst, Chief Officer
Anthony Pascall, CEO Director
Sarah Robertson, Corporate Secretary
Juliet Wall, General Manager - Finance
Hannes Meyer, Chief Financial Officer
Zenon Wozniak, Director - Projects
Sarah Comber, Corporate Secretary
Kathleen Hogenson, Independent Director
David deVries, Gen Plc
Peter George, Lead Independent Director
Joanne Warner, Independent Director
Philip Pascall, Executive Chairman of the Board, Chief Executive Officer
Simon MacLean, Group Controller
Andrew Adams, Independent Director
Bonita To, Director Relations
Robert Harding, Lead Independent Director
Wyatt Buck, Director - Operations
John BSc, Group Mining

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Quantum a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with First Quantum

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Quantum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Quantum will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

  0.65AG First Majestic SilverPairCorr
  0.71IE Ivanhoe EnergyPairCorr
  0.72FDY Faraday Copper CorpPairCorr

Moving against First Stock

  0.54TC Tucows IncPairCorr
  0.53DII-B Dorel IndustriesPairCorr
  0.53SLF-PH Sun Lif NonPairCorr
  0.39INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to First Quantum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Quantum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Quantum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Quantum Minerals to buy it.
The correlation of First Quantum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Quantum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Quantum Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Quantum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in First Stock

First Quantum financial ratios help investors to determine whether First Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Quantum security.