First Quantum posts Q2 net profit on USD 271 million disposal gain, company says hedge losses weigh on underlying result

Reuters2026/07/28 21:06

By:Reuters

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For the quarter ended June 30, 2026, net earnings attributable to shareholders rose to USD 136 million, driven by a USD 271 million disposal gain.
Adjusted loss widened to USD 106 million as gross profit fell to USD 297 million, reflecting USD 164 million realized losses on sales hedges.
EBITDA was USD 400 million; results included a negative USD 51 million contribution from Cobre Panamá tied to preservation costs.
Copper production increased to 100,487 tonnes on stronger output at Kansanshi and Sentinel; copper C1 cash cost excluding Cobre Panamá rose to USD 2.48 per lb.
Net debt increased to USD 5.41 billion, mainly due to USD 322 million of capital spending and USD 199 million of taxes paid.

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 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 posts Q2 net profit on USD 271 million disposal gain, company says hedge losses weigh on underlying result

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