Cobre Panamá Update
Key Highlights
- ➤Panamanian commission recommends formally opening negotiations with Cobre Panamá and First Quantum Minerals.
- ➤Negotiations could end pending international arbitrations over Cobre Panamá.
- ➤Proposed agreement would establish conditions for an orderly mine closure at no cost to Panama.
- ➤Potential project restart remains subject to negotiations, environmental priorities, Supreme Court ruling, and transparency.
Expert Statements
Paul Brink, President & CEO of Franco-Nevada Corporation
“For more information, please visit our website at www.franco-nevada.com or contact:”
Sandip Rana, Chief Financial Officer of Franco-Nevada Corporation
“For more information, please visit our website at www.franco-nevada.com or contact:”
TORONTO, Sept. 30, 2026 /PRNewswire/ -- Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. ("First Quantum"), has provided an update in respect of the submission of the report by the Panamanian Ministerial Commission in relation to Cobre Panamá. As reported by First Quantum, the Panamanian Ministerial Commission recommends as the first of its seventeen recommendations:
The authorising of formal opening of negotiations with Cobre Panamá / First Quantum to assess the feasibility of a new agreement that would allow the pending international arbitrations to be brought to an end and establish the conditions for a project to be put into operation that can achieve an orderly closure, at no cost to the Nation and with no possibility of extension, while giving absolute priority to the Nation's environmental, social and economic interests, ensuring full transparency, and complying with the Supreme Court of Justice ruling and seeking the benefit of all Panamanians.
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