Cobre Panamá
Project information
As at 31 December 2025
Description
As at 31 December 2025
Large open-pit copper-gold-silver-molybdenum porphyry complex 120 km west of Panama City. Multi-pit operation (Botija, Colina, Medio, Valle Grande, Balboa, Botija Abajo, Brazo). Held 91.02 % by First Quantum through MPSA. Commercial production suspended November 2023 following Panama Supreme Court ruling. Mine has been on Preservation & Safe Management (P&SM) since; the Government of Panama approved the P&SM programme in May 2025. ICC arbitration initiated November 2023. In 2025 the Company received approval to export 121,000 dmt of pre-existing concentrate; US$30M royalty paid in Q4 2025. P&SM cost averaging US$15M/month in 2025; 2025 revenue US$328M from stockpile concentrate sale.
Mining metrics
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 31 December 2025
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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