First Quantum Minerals Reports Third Quarter 2026 Results
Globe Newswire•28/10/2026•17:01 ET
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Key Highlights
- ➤Q3 revenue $2,086 million, up 38% quarter-over-quarter
- ➤Q3 EBITDA $844 million, more than doubled from Q2's $400 million
- ➤Copper production 108,959 tonnes, up 8% from Q2 2026
- ➤Copper guidance narrowed to 405,000–435,000 tonnes; nickel raised to 40,000–45,000 tonnes
- ➤Panama commission recommended assessing a potential Cobre Panamá restart agreement
Expert Statements
Tristan Pascall, Chief Executive Officer of First Quantum Minerals
“We are pleased with the significant improvement in our financial performance this quarter, supported by higher production and full exposure to stronger copper prices, which clearly demonstrates the underlying earnings potential of our business. We delivered another quarter of production growth, supported by continued strong performance from S3 at Kansanshi and the processing of stockpiles at Cobre Panamá, where the recommissioning progressed successfully, with all three trains brought online sequentially during the quarter”
Tristan Pascall, Chief Executive Officer of First Quantum Minerals
“In Panama, we are encouraged by the recommendation made by the Interministerial Commission and remain ready to engage constructively with the Government of Panama to achieve a fair and durable resolution that serves the best interests of the country and its people, as well as our stakeholders.”
(In United States ("US") dollars, except where noted otherwise)
TORONTO, Oct. 28, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the "Company”) (TSX: FM) today reports results for the three and nine months ended September 30, 2026 (“Q3 2026” or the "third quarter").
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