First Quantum Minerals Ltd.

First Quantum Minerals Ltd. announces preliminary production for the three months and year ended December 31, 2023, guidance for production, capital expenditures and costs for the years 2024 to 2026 and an update on balance sheet initiatives. "With the suspension of production at Cobre Panama, we are taking decisive action to conserve capital, lower costs and strengthen our financial position. This will enable the [...]

First Quantum Minerals Ltd. provides an update regarding the next steps required for the responsible environmental stewardship of the Cobre Panama mine. On December 20, Panama's Ministry of Commerce and Industries announced that it is pursuing a "closure plan" for Cobre Panama that will take several months to develop and will include a temporary phase of environmental preservation and safe management, conducting [...]

First Quantum Minerals Ltd. notes comments made by the President of Panama, Laurentino Cortizo, that on publishing of the Supreme Court of Panama's ruling of Law 406 as unconstitutional, there will be a transition process for the closure of the Cobre Panama mine. Minera Panamá S.A. , a subsidiary of First Quantum, is currently seeking additional details in respect of the ruling and its implications. With these [...]

First Quantum Minerals Ltd. notes the announcement by the Supreme Court of Justice in Panama that it has declared Law 406 unconstitutional. Law 406 approved the concession contract for the Cobre Panama mine on October 20, 2023. The Supreme Court has published its ruling and confirms that it intends to submit its ruling for publication in the Official Gazette immediately. The Company is reviewing the ruling and continues [...]

It is with deep regret that First Quantum Minerals Ltd. announces the death of a team member from its contracting partner, Reliant Drilling, at the Company's Kansanshi operation following a fall of ground at the underground dewatering decline on the evening of Thursday, November 23. In a separate incident on Friday, November 24, a contractor team-member from Omega Risk Solutions was tragically killed in a light vehicle [...]

First Quantum Minerals Ltd. today announced that its subsidiary, Minera Panamá S.A. , has further ramped down operations at Cobre Panama to one remaining ore processing train. Without shipments arriving at the mine's Punta Rincón port, it expects to run out of supplies for the on-site power plant during the week commencing November 20, 2023. The ongoing presence of an illegal blockade of small boats at the Punta Rincón [...]

First Quantum Minerals Ltd. today announced that its subsidiary, Minera Panama S.A. , has begun to reduce ore processing operations at the Cobre Panama mine. Cobre Panama has reduced its processing operations by ramping down one ore processing train while two remain operational. This disruption to operations is due to an illegal blockade of small boats at the mine's Punta Rincón port. The illegal actions at the port have [...]

First Quantum Minerals Ltd. notes that during the week commencing October 30, 2023, the National Assembly of Panama held ordinary and extraordinary sessions concerning Bill 1109 and Bill 1110. Bill 1109 relates to the initially proposed popular consultation regarding Law 406. Law 406, enacted on October 20, 2023 by the National Assembly of Panama, approved the revised contract for the Cobre Panama mine agreed between the [...]

First Quantum Minerals Ltd. notes the October 29 announcement by President Laurentino Cortizo of the Panamanian government's intention to hold a popular consultation on December 17 concerning Law 406. Law 406, recently enacted by the National Assembly of Panama, approved the Company's Panamanian subsidiary's, Minera Panama S.A , revised contract for the Cobre Panama mine. First Quantum has contacted the government in [...]

First Quantum Minerals Ltd. today reports results for the three months ended September 30, 2023 of net earnings attributable to shareholders of the Company of $325 million and adjusted earnings1 of $359 million . "It was pleasing that production continued to improve during the third quarter at each of our three main copper operations. The ramp-up of the CP100 Expansion project is progressing well, allowing the Cobre [...]