First Quantum swings to Q2 FY26 profit of US$136 million; revenue rises 8.41% to US$1.52 billion

Reuters2026/07/28 21:01

By:Reuters

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First Quantum Minerals posted Q2 2026 net earnings attributable to shareholders of USD 136 million, or USD 0.16 per share, returning to profit from a loss.
Sales revenues rose to USD 1.52 billion from Q1 2026, while EBITDA increased to USD 400 million, including USD 164 million of realized hedge losses.
Copper production increased 4% from Q1 2026 to 100,487 tonnes; copper sales volumes totaled 93,300 tonnes, with no sales from Cobre Panamá.
Cobre Panamá produced 3,216 tonnes of copper after commissioning one milling circuit; management said all sales hedges ended by June 30.
2026 guidance was unchanged, while management flagged a potential USD 0.25 per lb headwind to C1 copper cash costs from fuel and kwacha rates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Quantum Minerals Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607281701OMX_____CNEWS_EN_GNW9799574_en) on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Quantum swings to Q2 FY26 profit of US$136 million; revenue rises 8.41% to US$1.52 billion

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