An excavator sits idle at the Cobre Panamá copper mine, owned by Canada's First Quantum Minerals, in Donoso, Panama, Friday, March 21, 2025, during a press tour of the mine that was closed after Panama's Supreme Court ruled that the government concession was unconstitutional. (AP Photo/Matias Delacroix)
An excavator sits idle at the Cobre Panamá copper mine, owned by Canada's First Quantum Minerals, in Donoso, Panama, Friday, March 21, 2025, during a press tour of the mine that was closed after Panama's Supreme Court ruled that the government concession was unconstitutional. (AP Photo/Matias Delacroix)
RMTORONTO - First Quantum Minerals Ltd. reported net earnings attributable to shareholders of the company of US$136 million in the second quarter, rising from US$18 million during the same period last year. Â Â Â Â
That amounted to diluted net earnings per share of 16 cents US, compared with two cents during the prior-year quarter.Â
The Toronto-based company, which keeps its books in U.S. dollars, says sales revenue amounted to US$1.5 billion, rising year-over-year from US$1.22 billion.
First Quantum says its total copper production for the second quarter was 100,487 tonnes, compared with 91,069 tonnes during last year's second quarter. Â Â
CEO Tristan Pascall says site preparation for the processing of stockpiled ore advanced well during the quarter at the Cobre Panama copper mine. Â Â
In April, the government of Panama approved the removal, processing and export of stockpiled ore at the contentious mine that had been shuttered.
This report by ºÃÉ«tvwas first published July 28, 2026.   Â
Companies in this story: (TSX:FM)
The ºÃÉ«tv Press
For many Indigenous communities, access to financial services and economic opportu…
Trust in international money transfers has long been tied to physical places: a ba…
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Tax: | |
| Today's total: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
