First Quantum reports Q2 net earnings of US$136M, up from US$18M last year
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TORONTO – First Quantum Minerals Ltd. reported net earnings attributable to shareholders of the company of US$136 million in the second quarter, rising from US$18 million during the same period last year.
That amounted to diluted net earnings per share of 16 cents US, compared with two cents during the prior-year quarter.
The Toronto-based company, which keeps its books in U.S. dollars, says sales revenue amounted to US$1.5 billion, rising year-over-year from US$1.22 billion.
First Quantum says its total copper production for the second quarter was 100,487 tonnes, compared with 91,069 tonnes during last year’s second quarter.
CEO Tristan Pascall says site preparation for the processing of stockpiled ore advanced well during the quarter at the Cobre Panama copper mine.
In April, the government of Panama approved the removal, processing and export of stockpiled ore at the contentious mine that had been shuttered.
This report by The Canadian Press was first published July 28, 2026.
Companies in this story: (TSX:FM)