First Quantum raises 2026 copper cash cost guidance to $2.50-$2.65 per lb

By Public Technologies21:26 (UTC), 28 October 2026 Updated

First Quantum Minerals narrowed 2026 copper production guidance to 405,000-435,000 tonnes from 405,000-475,000 tonnes, reflecting lower grades.
Copper C1 cash cost guidance rose to $2.50-$2.65 per pound from $2.15-$2.40, reflecting fuel prices and kwacha exchange rates.
Copper all-in sustaining cost guidance increased to $4.10-$4.25 per pound from $3.50-$3.80.
Capital expenditure is forecast at $1.15 billion-$1.25 billion, versus the previous $1.08 billion-$1.25 billion range.
Nickel production guidance increased to 40,000-45,000 tonnes from 30,000-40,000 tonnes, reflecting performance to date.

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