First Quantum keeps 2026 Cobre Panama stockpile guidance at 30,000-40,000 tonnes

First Quantum said it is accelerating preparations to restart Cobre Panama, starting stockpile processing ahead of schedule and adding about 1,000 workers. It kept 2026 copper output guidance from stockpile processing at 30,000 to 40,000 tonnes. Formal talks with the Panamanian government were drawing closer, and no restart approval had been reported yet.

• 2026 stockpile processing guidance kept at 30,000-40,000 tonnes of copper
• Workforce expanding by about 1,000 employees
• Formal negotiations with the Panamanian government described as getting closer
• No final restart approval reported as of late July