First Quantum Minerals operational developments

In late July 2026, First Quantum Minerals reported a net profit of US$136 million for Q2, despite the prolonged shutdown of its Cobre Panamá mine after the Panamanian Supreme Court annulled the concession. Higher copper prices and stronger sales from assets in Zambia, Spain and elsewhere helped offset the loss of the Panama operation, which had contributed about 40 % of the company's output. A Panamanian environmental group challenged the audit of the closed mine, alleging insufficient assessment of environmental impacts, while a ministerial commission under President José Raúl Mulino reviews the audit to decide the mine's future.

Two days later, the company highlighted ongoing exploration and community initiatives elsewhere. Its subsidiary QMines began floating‑platform diamond drilling beneath the flooded Mt Chalmers pit in Tasmania to extend a copper‑gold resource, part of a feasibility study for the Woods Shaft deposit. At the Zambia Agricultural and Commercial Show, First Quantum showcased three decades of operations at Kansanshi and Trident, emphasizing investments in education, health, agriculture and skills development, and promoted the Kalumbila Multi‑Facility Economic Zone as a future industrial hub.