First Quantum says Panama government approves removal of stockpiled ore at Cobre mine

Advertisement

Advertise with us

TORONTO - First Quantum Minerals Ltd. says the government of Panama has approved the removal, processing and export of stockpiled ore at the Cobre Panamá copper mine.

Read this article for free:

or

Already have an account? Log in here »

To continue reading, please subscribe:

Monthly Digital Subscription

$1 per week for 24 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.

Monthly Digital Subscription

$4.99/week*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*Billed as $19.95 plus GST every four weeks. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

No thanks

*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.

TORONTO – First Quantum Minerals Ltd. says the government of Panama has approved the removal, processing and export of stockpiled ore at the Cobre Panamá copper mine.

The company says the move does not constitute a reopening of the mine and will not involve new drilling or blasting. 

First Quantum says the processing of stockpiled ore is intended to reduce environmental and operational risks due to prolonged storage at the mine. 

The open pit copper mine Cobre Panamá, run by Panamanian Mining company Minera Panamá, a subsidiary of Canada's First Quantum Minerals Ltd., is show in Donoso, Panama, Dec. 6, 2022. First Quantum Minerals Ltd. says it has started arbitration proceedings to protect its rights at its Cobre Panama mine which has been the subject of environmental protests. THE CANADIAN PRESS/AP-Abraham Teran
The open pit copper mine Cobre Panamá, run by Panamanian Mining company Minera Panamá, a subsidiary of Canada's First Quantum Minerals Ltd., is show in Donoso, Panama, Dec. 6, 2022. First Quantum Minerals Ltd. says it has started arbitration proceedings to protect its rights at its Cobre Panama mine which has been the subject of environmental protests. THE CANADIAN PRESS/AP-Abraham Teran

The stockpile is estimated to be around 38 million tonnes of mineralized ore and about 70,000 tonnes of recoverable copper. 

First Quantum says it expects the preparation to take about three months until it begins processing. 

In January, First Quantum announced the government of Panama would authorize the removal and processing of certain materials at the Cobre Panamá copper mine.      

This report by The Canadian Press was first published April 7, 2026.

Companies in this story: (TSX: FM)

Report Error Submit a Tip

Business

LOAD MORE