Canadian miner First Quantum Minerals is exploring a rights issue as it seeks to strengthen its balance sheet, following the closure of a key mine in Panama last month that accounted for about 40% of its revenue, two sources familiar with the matter told Reuters.
The company has not finalized the terms or timing of the potential rights issue - an invitation to existing shareholders to purchase additional new shares in the company - but it has discussed the option with some shareholders, the people added.
