TORONTO – First Quantum Minerals Ltd. says shipments of copper concentrate have begun leaving a contentious mine in Panama that had been shuttered, boosting its second-quarter results.
The Toronto-based miner posted $18 million in net earnings attributable to shareholders during the second-quarter, reversing a year-earlier loss of $46 million.
That amounted to diluted net earnings of two cents per share compared to a loss of six cents per share a year earlier.
Sales revenues were $1.23 billion during the three months ended June 30, about the same as the same quarter a year earlier.
First Quantum suspended production at the Cobre Panama mine in November 2023 following widespread protests and a court ruling that found the agreement with the government covering the mine was unconstitutional.
In May, the Panamanian government approved a “preservation and safe management plan” for the open-pit mine and last month, the company began exporting copper concentrate that had been on site since the mine’s closure.
This report by The Canadian Press was first published July 23, 2025.
Companies in this story: (TSX: FM)
