First Quantum Minerals Publishes Q3 2026 Earnings Call Transcript

By Public Technologies
  • First Quantum Minerals’ Q3 2026 earnings call on October 29 featured CEO Tristan Pascall, CFO Ryan MacWilliam and COO Rudi Badenhorst.
  • Revenue rose 37% quarter over quarter to USD 2.1 billion; EBITDA more than doubled to USD 844 million as copper hedges expired.
  • Copper C1 cost guidance increased to USD 2.50–2.65 per pound, reflecting higher diesel costs and a stronger Zambian kwacha.
  • Management awaits authorization for Cobre Panamá restart negotiations following ministerial recommendations; earthquake relief remains the government’s immediate priority.
  • A full restart would require another USD 250 million; reaching roughly 80% capacity would take six to nine months following authorization.


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