First Quantum Presents 2026 Copper Production Guidance of 405,000-475,000 Tonnes

• First Quantum Minerals highlighted Panama’s interministerial commission recommendation to negotiate a Cobre Panamá restart and settle pending arbitrations at Goldman Sachs’ metals conference.
• A potential restart agreement would require no fiscal cost to Panamanians, with operations financing progressive rehabilitation and closure.
• Cobre Panamá’s 2026 copper production guidance is 30,000–40,000 metric tons; processing of stockpiled ore is underway.
• Group copper production guidance is 405,000–475,000 metric tons, with consolidated C1 cash costs of $2.15–$2.40 per pound.
• Debt reduction remains a priority, with net debt-to-EBITDA targeted below 2 times through the cycle and about 1 times before major-project sanction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Quantum Minerals Ltd. published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.