09:43 AM EST, 03/08/2024 (MT Newswires) -- S&P Global Ratings said Friday that it has affirmed its B issuer credit and issue ratings on First Quantum Minerals Ltd. ( FQVLF ) .

All ratings were removed from CreditWatch negative where they were placed on Dec. 7, 2023.

"The negative outlook reflects that we could lower the ratings if the restart of operations at Cobre Panama mine is unlikely or is delayed beyond early 2025," the rating agency said.

The company's shares were up 4.5% on last look on Friday.

Price: 13.52, Change: +0.57, Percent Change: +4.40