First Quantum Presents 2026 Copper Production Guidance of 405,000-475,000 Tonnes
Bitget2026/10/20 07:25- First Quantum Minerals highlighted Panama’s interministerial commission recommendation to negotiate a Cobre Panamá restart and settle pending arbitrations at Goldman Sachs’ metals conference.
- A potential restart agreement would require no fiscal cost to Panamanians, with operations financing progressive rehabilitation and closure.
- Cobre Panamá’s 2026 copper production guidance is 30,000–40,000 metric tons; processing of stockpiled ore is underway.
- Group copper production guidance is 405,000–475,000 metric tons, with consolidated C1 cash costs of $2.15–$2.40 per pound.
- Debt reduction remains a priority, with net debt-to-EBITDA targeted below 2 times through the cycle and about 1 times before major-project sanction.
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